Holding(s) in Company

RNS Number : 4356S

Hurricane Energy PLC

08 July 2020

 

8 July 2020

Hurricane Energy plc

("Hurricane" or the "Company")

Holding(s) in Company

Hurricane Energy plc announces that on 7 July 2020 it received notification that Pelham Capital Ltd. no longer has a notifiable interest in the issued share capital of the Company.  

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Contacts: 

Hurricane Energy plc Philip Corbett, Head of Investor Relations	[phone]
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart / Ashton Clanfield	[phone]
Morgan Stanley & Co. International plc Joint Corporate Broker Andrew Foster / Tom Perry / Alex Smart	[phone]
Vigo Communications Public Relations Patrick d'Ancona / Ben Simons [e-mail]	[phone]

About Hurricane Energy

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% owned by Hurricane) 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.

 

This announcement does not contain inside information

 

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