"On a more optimistic note, initial studies suggest water injection could partially mitigate the reserves downgrade, and onlapping sandstones at Lancaster could represent material upside potential," added McTiernan.
Hurricane Energy said revenue for the six months to the end of June rose to USD81.9 million from USD22.5 million, as sales volumes grew to 2.8 million barrels from 356,000 barrels year-on-year.
Iconic Labs PLC - media and technology firm - Completes data insights project for "multinational" consumer goods firm. Continuing to provide social content through JOE Media in UK as part of separate services contract. Adds it will not serve notice to lenders European High Growth Opportunities Fund to draw down funds as company is now "experiencing material growth in activity".