RE: What to expect next week14 Apr 2022 17:48
From Mon, 27th Apr 2020 RNS -
"Hurricane is assessing a number of options for next steps at Lancaster. Prior to recent oil price declines, the Company was evaluating the potential to drill and tie back an additional production well (the "L8 well") to not only increase production but also provide data to help de-risk the Company's volumetric model. Another consideration is the potential to re-enter the 205/21a-7Z well and isolate the heel, with the objective of accessing a more productive zone and reducing the interference impact with the 205/21a-6 well. Successful isolation would have the benefit of increasing productivity without requiring the drilling of a new well or of making a significant investment in new subsea infrastructure that a new well would require.