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

Thu, 14th Apr 2022 17:29

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.

"The efforts of the surface and subsurface teams in beating the mid-case performance target set at the start of the forecast period have been superb. Together with excellent uptime across all elements of the system has allowed the company to benefit from the higher than expected oil prices and enabled more reserves to be added in the updated CPR," says Chief Executive Officer Antony Maris.

Current stock price: 10.94 pence, down 3.5% on Thursday

12-month change: up sharply from 2.45p

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
8 Jun 2023 20:19

Crystal Amber says more payouts to come if there is De La Rue clarity

(Alliance News) - Crystal Amber Fund Ltd on Thursday declared a payouts in the wake of its investee Hurricane Energy PLC being acquired, and the investment firm said more returns may be forthcoming once it receives "greater visibility" at De La Rue PLC.

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7 Jun 2023 19:55

UK Court approves Hurricane Energy takeover by Prax

(Alliance News) - Hurricane Energy PLC on Wednesday said that its acquisition by Prax Exploration & Production PLC has been sanctioned by the UK High Court.

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26 May 2023 11:29

Profits soar at Hurricane as oil prices rocket

(Sharecast News) - North Sea specialist Hurricane Energy reported a surge in annual profits on Friday, as oil prices hit record highs.

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26 May 2023 09:19

Hurricane Energy annual profit and revenue rises from high oil price

(Alliance News) - Hurricane Energy PLC on Friday said annual profit and revenue climbed, benefitting from a higher oil price.

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25 May 2023 14:49

TRADING UPDATES: Acquisition of Hurricane Energy clears another hurdle

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

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2 May 2023 14:47

Hurricane Energy confident on dividend as hails latest oil lifting

(Alliance News) - Hurricane Energy PLC on Tuesday said its most recent lifting this year has resulted in over USD40 million in net revenue, and it added it is "highly confident" a supplementary dividend will paid under the terms of its acquisition by Prax Exploration & Production PLC.

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27 Apr 2023 15:49

UK shareholder meetings calendar - next 7 days

Friday 28 April 
AQRU PLCAGM
Audioboom Group PLCAGM
BBGI Global Infrastructure SAAGM
Everest Global PLCAGM
GetBusy PLCAGM
Greencoat Renewables PLCAGM
Greencoat UK Wind PLCAGM
Hikma Pharmaceuticals PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
Kingspan Group PLCAGM
ME Group International PLCAGM
Minoan Group PLCAGM
Pearson PLCAGM
Rotork PLCAGM
Shanta Gold LtdAGM
Smurfit Kappa Group PLCAGM
Symphony International Holdings LtdAGM
Monday 1 May 
no events scheduled 
Tuesday 2 May 
Carr's Group PLCGM re annual report and directors remuneration report
CVC Income & Growth LtdAGM
IOG PLCAGM
Ocado Group PLCAGM
Plus500 LtdAGM
Wednesday 3 May 
Apax Global Alpha LtdAGM
Barclays PLCAGM
GSK PLCAGM
Hyve Group PLCCourt Meeting & GM re acquisition by Heron UK Bidco Ltd
Logistics Development Group PLCAGM
Okyo Pharma LtdGM re proposed cancellation of the ordinary shares of no par value
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Standard Chartered PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Thursday 4 May 
AIB Group PLCAGM
Aviva PLCAGM
Aviva PLCGM re capital reduction
BAE Systems PLCAGM
Bivictrix Therapeutics PLCAGM
Domino's Pizza Group PLCAGM
Glanbia PLCAGM
Grafton Group PLCAGM
Hammerson PLCAGM
Howden Joinery Group PLCAGM
Hurricane Energy PLCCourt Meeting & GM re takeover by Prax Exploration & Production PLC  
Indivior PLCAGM
IMI PLCAGM
Irish Residential Properties REIT PLCAGM
ITV PLCAGM
Jardine Matheson Holdings LtdAGM
Johnson Service Group PLCAGM
LungLife AI IncAGM
Mincon Group PLCAGM
Mondi PLCAGM
Moneysupermarket.com Group PLCAGM
Morgan Sindall Group PLCAGM
Spirent Communications PLCAGM
Personal Group Holdings PLCAGM
Phoenix Group Holdings PLCAGM
Rathbones Group PLCAGM
SIG PLCAGM
Ten Entertainment Group PLCAGM
Travis Perkins PLCAGM
Witan Investment Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Apr 2023 20:28

DIRECTOR DEALINGS: Energean shareholder sells GBP6.6 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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24 Apr 2023 20:32

Prax Exploration & Production says will not lift Hurricane Energy bid

(Alliance News) - Hurricane Energy PLC's suitor on Monday said it will not lift its takeover offer, which has received an endorsement from shareholders Crystal Amber Fund Ltd and Kerogen Capital, as well as independent proxy advisors.

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18 Apr 2023 18:49

TRADING UPDATES: FireAngel signs two delivery and production deals

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

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18 Apr 2023 09:49

Hurricane Energy sees Lancaster field production slip

(Sharecast News) - Oil and gas firm Hurricane Energy said on Tuesday that production at its Lancaster Field asset had fallen in the three months ended 31 March.

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12 Apr 2023 10:26

Crystal Amber promises sizeable return amid Hurricane Energy buyout

(Alliance News) - Crystal Amber Fund Ltd on Wednesday said it plans a "substantial" return of capital after it receives funds from the buyout of investee Hurricane Energy PLC by Prax Exploration & Production PLC.

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21 Mar 2023 14:41

EARNINGS SUMMARY: Niox swings to profit in 2022; ScS loss balloons

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

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16 Mar 2023 15:42

Prax Exploration to buy Hurricane Energy for around GBP249 million

(Alliance News) - Hurricane Energy PLC said on Thursday it agreed to be acquired by Prax Exploration & Production PLC.

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16 Mar 2023 14:53

Prax to buy Hurricane Energy in £249m deal

(Sharecast News) - Hurricane Energy said on Thursday that it has agreed to be bought by Prax Exploration & Production in a deal worth up to £249m.

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