HUR.L Share News (HUR)

IN BRIEF: Hurricane Energy swings to annual profit as oil prices soar

Hurricane Energy PLC - Surrey, England-based oil producer - Swings to annual profit despite lower oil sale volumes. Pretax profit in 2021 at USD18.2 million versus a loss of USD571.1 million in 2020. Revenue grows to USD240.5 million from USD180.1 million.

UK earnings, trading statements calendar - next 7 days

CORRECT: Hurricane Energy produces less oil per day but net cash up

(Correcting date of recent production from P6 well.)

Hurricane's net cash grows as oil prices rise

(Sharecast News) - Hurricane Energy said in an update on Wednesday that as at 17 April, the Lancaster Field was producing around 9,150 barrels of oil per day from the P6 well alone, with an associated water cut of 43%.

IN BRIEF: Hurricane Energy produces less oil per day but net cash up

Hurricane Energy PLC - Surrey, England-based oil producer - Increases net free cash to USD106 million on March 31 from USD71 million on February 28. Hurricane doesn't give a reason for the increase in free cash. It notes that during the month, there was a net movement of USD9.4 million from free cash into restricted funds after the agreement of the Aoka Mizu FPSO Bareboat Charter extension at the end of the month, the company explains. Hurricane also notes that USD78.5 million of convertible bonds due in July remain outstanding.

IN BRIEF: Hurricane Energy says production in second half to be lower

Hurricane Energy PLC - Surrey, England-based oil producer - Says competent person's report on Lancaster field by ERC Equipoise Ltd increases the estimated reserves at the site. The report references December 31. Says production in the six months to March 31 was 9,689 barrels of oil per day, at the upper end of the guidance range of 8,500 to 10,000. Guides between 7,500 and 8,600 bopd for full-year production, which is lower than the first half due to the impact of an annual maintenance shut down to happen in the third quarter.

Hurricane Energy reports strong production and reserves

(Sharecast News) - Hurricane Energy said production was near the higher end of guidance in the past six months and that the estimate for reserves at its Lancaster field had increased.

Canaccord Genuity upgrades Hurricane to 'hold'

(Sharecast News) - Analysts at Canaccord Genuity upgraded exploration and production firm Hurricane Energy from 'sell' to 'hold' on Thursday, stating the group appeared to be "pivoting to better times".

Hurricane Energy wins extension for Bareboat Charter past June expiry

(Alliance News) - Hurricane Energy PLC on Friday announced that it has extended its Bareboat Charter contract with Netherlands-based Bluewater BV.

TRADING UPDATES: SimiGon merger to go ahead; Segro launches green bond

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

IN BRIEF: Hurricane appoints non-exec after request from Crystal Amber

Hurricane Energy PLC - Surrey, England-based oil producer - Appoints Juan Morera to the board as a non-executive director following request from Crystal Amber Fund Ltd last month, with necessary due diligence completed.

Hurricane Energy produces 9,639 bopd from Lancaster in January

(Sharecast News) - Hurricane Energy said it produced 9,639 barrels of oil a day in January at its Scottish Lancaster Field and had been asked by the industry regulator to lodge additional funds as a decommissioning security.

Hurricane Energy's Lancaster field oil output remains solid

(Alliance News) - Hurricane Energy PLC on Wednesday reported continued oil production from its Lancaster Field, offshore Scotland to date, as well as a higher cash position.

IN BRIEF: Hurricane Energy picks non-executive Wolfe as chair

IN BRIEF: Hurricane Energy picks non-executive Wolfe as chair

Hurricane Energy annual revenue rises on higher average oil price

Hurricane Energy annual revenue rises on higher average oil price