Lancaster Field Update

RNS Number : 0181C

Hurricane Energy PLC

16 June 2021

 

16 June 2021

Hurricane Energy plc

("Hurricane" or the "Company")

Lancaster Field Update

Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations.

Further to the announcements on 10 and 11 June 2021, the Company is pleased to announce that it has successfully restarted the electric submersible pump in the Lancaster 205/21a-6 ("P6") well.

Once stabilised, the Company intends to target oil production from the P6 well at a rate of c.11,000 bopd, being a similar level to that achieved immediately prior to the trip on 8 June 2021. Thereafter, oil production from the P6 well is expected to continue declining. A further operational update will be announced in early July, in line with the Company's recent reporting framework.

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Contacts: 

Hurricane Energy plc Antony Maris, Chief Executive Officer Philip Corbett, Head of Investor Relations	[phone]
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart	[phone]
Investec Bank plc Joint Corporate Broker Chris Sim / Rahul Sharma	[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.

Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.

Visit Hurricane's website at www.hurricaneenergy.com

Glossary

bopd	Barrels of oil per day

 

Inside Information

This announcement contains inside information.

 

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