RE: Read the very last bit of the RNS5 May 2021 14:37
Sam, how long is that piece of straw you're clutching??
Sadly the extract at the bottom of RNS rarely is upto date - this is from Hurricane Energy's latest RNS (about a massive debt for equity swop, which will pretty much wipe out shareholders) - the extract doesnt say much about the current state of affairs
Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.
The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane has pursued a phased development of Lancaster, initially starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.
In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.