Availability of Annual Report & Notice of AGM

RNS Number : 0001M

Hurricane Energy PLC

25 April 2018

 

25 April 2018

Hurricane Energy plc

("Hurricane" or the "Company")

Availability of Annual Report and Financial Statements

&

Notice of Annual General Meeting

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that electronic copies of its Annual Report and Group Financial Statements for the year ended 31 December 2017 ("Annual Report"), and the notice of the Company's 2018 Annual General Meeting ("AGM"), have been published today in the Investors section of the Company's website at www.hurricaneenergy.com.

The AGM will be held at 11.00 a.m. on Wednesday, 6 June 2018 at The Science Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA. Printed copies of the Annual Report and Notice of AGM will be posted to Shareholders on 30 April 2018.

Contacts: 

Hurricane Energy plc	Dr Robert Trice (Chief Executive Officer)/Alistair Stobie (Chief Financial Officer)	[phone]
Stifel Nicolaus Europe Limited	Nominated Adviser and Corporate Broker Callum Stewart/Nicholas Rhodes/Ashton Clanfield	[phone]
Vigo Communications	Public Relations Patrick d'Ancona/Ben Simons	[phone] [e-mail]

About Hurricane

Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs.

Hurricane's acreage is concentrated on the Rona Ridge, West of Shetland. The Lancaster field, the Company's most appraised asset, has combined 2P Reserves and 2C Contingent Resources of 523 million stock tank barrels of oil. The Company is currently proceeding towards the first phase of development of Lancaster, an Early Production System, with first oil targeted for 1H 2019.

During the 2016-2017 drilling campaign, the Company made two significant discoveries* at Halifax and Lincoln. Together, these discoveries* have 2C Contingent Resources of 1,839 million barrels of oil equivalent.

Hurricane's other assets include Warwick, which has best case Prospective Resources of 935 million stock tank barrels of oil, Whirlwind, which has 2C Contingent Resources of 205 million barrels of oil equivalent (under the Whirlwind oil case) and Strathmore, which has 2C Contingent Resources of 32 million stock tank barrels of oil. Together, this brings Hurricane's total combined 2P Reserves and 2C Contingent Resources to 2.6 billion barrels of oil equivalent.

*Discovery - This classification is consistent with SPE/AAPG/WPC and SPEE guidelines for Petroleum Resource Management - Determination of Discovery Status

Inside Information

The content of this announcement does not comprise price sensitive information.

 

END

 

 

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