Exercise of option over Transocean Spitsbergen

Released : 28/11/2016 07:00

RNS Number : 2379Q
Hurricane Energy PLC
28 November 2016
 

This announcement contains inside information

 

28 November 2016

Hurricane Energy plc

 

("Hurricane" or the "Company")

 

Exercise of option over Transocean Spitsbergen drilling rig

 

Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that, further to the rig contract amendments entered into with Transocean, the Company exercised its option over the Transocean Spitsbergen drilling rig on 25 November 2016 in order to drill the Halifax prospect. The Halifax well will be drilled after completion of the Lincoln well. A further announcement will be made once the Halifax well has been spudded.

 

Contact details:

 

Hurricane Energy plc

Dr Robert Trice, Chief Executive Officer

Alistair Stobie, Chief Financial Officer

 

+44 (0)1483 862 820

Cenkos Securities plc

Nominated Adviser and Joint Broker

Derrick Lee/Nick Tulloch/Beth McKiernan

 

+44 (0)131 220 6939

Macquarie Capital (Europe) Limited

Joint Broker

Alex Reynolds / Guy de Freitas

 

+44 (0)20 3037 2000

Vigo Communications

Patrick d'Ancona/Ben Simons

+44 (0)20 7830 9700

 

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 of P50 Prospective Resources on acreage it controls 100%.

 

Further information on Hurricane can be found at: www.hurricaneenergy.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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