Operational Update

RNS Number : 5607V

Hurricane Energy PLC

06 April 2023

 

6 April 2023

Hurricane Energy plc

("Hurricane" or the "Company")

Operational Update

Hurricane Energy plc, the UK based oil and gas company, provides an update on its Lancaster field operations as of 31 March 2023.

Lancaster Field Operations Update

The following table details production volumes, water cut and minimum flowing bottom hole pressure for the 205/21a-6 ("P6") well during March 2023.

March 2023 Lancaster Field Data

	P6	P7z(1)
O il produced during the month (Mbbls)	238	-
Average oil rate (bopd)	7,672	-
W ater produced during the month (Mbbls)	260	-
A verage water cut(2)	52%	-
Well gauge p ressure (psia)(3)	1,498	-

1. The 205/21a-7z ("P7z") well was not on production during March 2023

2. Expressed as total water produced divided by total fluid (oil and water) production

3. Pressure reported is the monthly minimum from well downhole gauges.

As of 2 April 2023, Lancaster was producing c.7,530 bopd from the P6 well alone with an associated water cut of c.53%. At that time the FPSO held c.335,000 barrels available for lifting.  The next cargo is anticipated to be lifted in late April 2023.

-ends-

Contacts: 

Hurricane Energy plc Antony Maris, Chief Executive Officer [e-mail]	[phone]
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart / Jason Grossman	[phone]
Investec Bank plc Joint Corporate Broker Chris Sim / Jarrett Silver / Charles Craven	[phone]
Vigo Consulting Public Relations Patrick d'Ancona / Ben Simons [e-mail]	[phone]

About Hurricane

Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.

Visit Hurricane's website at www.hurricaneenergy.com

Glossary

bopd	Barrels of oil per day
FPSO	Floating production storage and offloading vessel
Mbbls	Thousand barrels
psia	pounds per square inch absolute

 

Inside Information

This announcement does not contain inside information.

 

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