Hurricane Energy PLC Appointment of Non-Executive Director (5683X)
20 December 2019 - 6:00PM
UK Regulatory
TIDMHUR
RNS Number : 5683X
Hurricane Energy PLC
20 December 2019
20 December 2019
Hurricane Energy plc
("Hurricane" or the "Company")
Appointment of Non-Executive Director
Hurricane Energy plc, the UK based oil and gas company focused
on hydrocarbon resources in naturally fractured basement
reservoirs, announces the appointment of Ms Beverley Smith as a
non-executive director of the Company with immediate effect.
Ms Smith is a chartered geologist and an accomplished business
leader with 30 years' experience in the upstream oil and gas
sector. During a successful international career with BG Group, she
delivered a portfolio of strategic, commercial, project and people
leadership achievements, most recently as Vice President
Exploration & Growth for Europe. Ms Smith has a proven track
record of strengthening risk management capabilities, delivering
improved safety frameworks and ensuring accountability and
transparency through the implementation of robust processes and
controls. Her work in the voluntary sector includes involvement
with the Petroleum Exploration Society of Great Britain, where she
will be President of the 2020 Executive Council, and as a Trustee
for the Etches Collection at the Kimmeridge Trust.
Following Ms Smith's appointment, half of Hurricane's board of
directors (excluding the chairman) are independent non-executive
directors, in compliance with the Financial Reporting Council's UK
Corporate Governance Code 2018.
Steven McTiernan, Chairman of Hurricane, commented:
"I'm delighted to welcome Beverley to Hurricane Energy.
Beverley's distinguished career in oil and gas exploration and
development brings highly relevant technical, strategic and
management experience which will significantly enhance the
capabilities of the board. These skills will be invaluable as
Hurricane progresses its Rona Ridge assets towards full field
development."
Contacts:
Hurricane Energy plc
Dr Robert Trice, Chief Executive Officer +44 (0)1483 862
Alistair Stobie, Chief Financial Officer 820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart / Nicholas Rhodes / Ashton
Clanfield +44 (0)20 7710 7600
Morgan Stanley & Co. International plc
Joint Corporate Broker
Andrew Foster / Tom Perry / Alex Smart +44 (0)20 7425 8000
Vigo Communications
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigocomms.com +44 (0)20 7390 0230
AIM Schedule 2(g) Disclosures
Beverley Ann Smith, aged 54, has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Director, BAS Advisory Limited POWERful Women
Trustee, The Kimmeridge Trust (The Input Diabetes
Etches Collection)
The Petroleum Exploration Society of
Great Britain
There are no further disclosures required to be made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
About Hurricane
Hurricane was established to discover, appraise and develop
hydrocarbon resources associated with naturally fractured basement
reservoirs. The Company's acreage is concentrated on the Rona
Ridge, in the West of Shetland region of the UK Continental
Shelf.
The Lancaster field (100%) is the UK's first producing basement
field. Hurricane is pursuing a phased development of Lancaster,
starting with an Early Production System consisting of two wells
tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to
the FPSO system on 11 May 2019 and the first oil milestone was
achieved on 4 June 2019.
In September 2018, Spirit Energy farmed-in to 50% of the Lincoln
and Warwick assets, committing to a phased work programme targeting
sanction of an initial stage of full field development.
Inside Information
This announcement contains inside information as stipulated
under the market abuse regulation (EU no. 596/2014). Upon the
publication of this announcement via regulatory information service
this inside information is now considered to be in the public
domain.
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END
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