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.
Current stock price: 7.98 pence, up 2.6% in London on Thursday morning
12-month change: more than trebled from 2.38 pence
By Heather Rydings; heatherrydings@alliancenews.com
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