Result of AGM

RNS Number : 6134A

Hurricane Energy PLC

08 June 2016

 

For immediate release: 8 June 2016

Hurricane Energy plc

(the "Company")

Result of Annual General Meeting

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce that at the Annual General Meeting of the Company held earlier today all resolutions put to shareholders were duly passed.

Contacts:

Hurricane Energy plc	Dr Robert Trice Chief Executive Officer	[phone]
Cenkos Securities plc	Nominated Adviser and Broker Derrick Lee/Nick Tulloch/Beth McKiernan	[phone]
Vigo Communications	Public Relations Patrick d'Ancona/Ben Simons	+44  (0)20 7830 9704 [e-mail]

About Hurricane

Hurricane is an oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs. The Company's focus is to discover, appraise and develop oil reserves in basement rock. Hurricane has already successfully discovered substantial volumes of oil on the UKCS. The Company has 444-470 mmboe of 2C Contingent Resources and 432-442 mmboe P50 Prospective Resources on acreage it controls 100%.

In 2014, Hurricane drilled and tested an appraisal well on its Lancaster oil field West of Shetland. The highly successful operations demonstrated that the Company could produce commercial quantities of oil from Lancaster. The Company will undertake a further well programme on Lancaster, incorporating a Pilot well and a Horizontal Sidetrack well as part of a continuous drilling programme in the summer of 2016.  The Horizontal Sidetrack well is designed to refine the Lancaster Contingent Resource range (currently 62 - 456 mmboe), will provide a second future production well and will provide new information to help optimally plan the Lancaster field development. The Pilot well objectives are to confirm the depth of Oil Water Contact, evaluate the properties of a potential aquifer to establish how supportive it is of production and evaluate the overlying Victory sandstone resource range.

 

END

 

 

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