HUR.L Share News (HUR)

Hurricane Energy launches formal sale process after unsolicited offer

(Sharecast News) - Hurricane Energy said on Wednesday that it has decided to launch a formal sale process after receiving an unsolicited offer of 7.7p per share in cash.

Hurricane Energy launches formal sale process after unsolicited offer

(Sharecast News) - Hurricane Energy said on Wednesday that it has decided to launch a formal sale process after receiving an unsolicited offer of 7.7p per share in cash.

EARNINGS UPDATES: Allied Minds achieves interim revenue jump

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

AIM WINNERS & LOSERS: MJ Hudson falls short of fundraising target

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

IN BRIEF: Hurricane Energy ups July oil production at Lancaster field

Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Produces 258,000 barrels of oil during July at the Lancaster field at an average oil rate of 8,324 barrels of oil per day. In June, oil production stood at 256,000 barrels of oil. Says 30th cargo of Lancaster oil lifted on July 24, totalling 534,000 barrels and resulting in net revenue of USD60 million. The company will carry out its planned annual shut down in September. Next cargo expected to be lifted in October.

Hurricane Energy's Lancaster field produces 258,000 barrels in July

(Sharecast News) - Oil and gas producer Hurricane Energy said on Thursday provided an update on activities at its Lancaster field off the west coast of Shetland.

AIM WINNERS & LOSERS: 7digital wins contract; Hurricane Energy repays

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

IN BRIEF: Hurricane Energy shares jump on repayment of bonds

Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Repays its outstanding USD78.5 million 7.5% convertible bonds and a further USD1.5 million of accrued interest by the maturity date of July 24. Says the repayment leaves it debt free, with "significant" cash on hand.

IN BRIEF: Hurricane Energy's June oil production at P6 similar to May

Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Produces roughly similar amount of oil at Lancaster Field's P6 well as in May. Oil production in June stands at 256,000 barrels of oil versus 259,000 in May.

UK shareholder meetings calendar - next 7 days

Hurricane Energy positive on higher oil prices and strong production

(Alliance News) - Hurricane Energy PLC on Thursday provided an update on its Lancaster field operations, boasting production continued to generate significant positive cashflow.

Canaccord Genuity upgrades Hurricane Energy to 'speculative buy'

(Sharecast News) - Analysts at Canaccord Genuity upgraded exploration and production firm Hurricane Energy from 'hold' to 'speculative buy' on Friday, stating the company had "weathered significant storms" that had nearly left it shipwrecked.

IN BRIEF: Hurricane Energy gives up licence area on Warwick discovery

Hurricane Energy PLC - oil and gas producer in fields offshore west of Shetland - Says the Greater Warwick Area joint venture has decided to relinquish the P2294 licence area on the Rona Ridge, west of Shetland, after discussion with its partner Spirit Energy Ltd. Hurricane believes further appraisal and development costs are not feasible at Warwick. The carrying value of the P2294 asset of CAD4.1 million will be impaired. The impairment will be an accounting charge only and will not have any cash impact, Hurricane says. The move follows an earlier decision to relinquish the Lincoln P1368 licence sub area.

Hurricane Energy scraps further appraisal and development work in Greater Warwick Area

(Sharecast News) - Oil and gas company Hurricane Energy said on Wednesday that it had determined further appraisal and development work to reach an economic development in the Greater Warwick Area within its remaining licence term was no longer feasible.

IN BRIEF: Hurricane Energy April oil production at P6 similar to March

Hurricane Energy PLC - Surrey, England-based oil producer - Posts a slightly higher average per day oil production in April at Lancaster Field's P6 well in April than in March. Oil production in April stands at 273,000 barrels of oil versus 282,000 in March. Average rate of barrels of oil per day rises to 9,099 in April from 9,085 in March, as April is one day shorter. Compared to April 2021, oil production falls to 273,000 barrels from 303,000. April-on-April average oil rate per day falls to 9,099 from 10,100 in April 2021.