17 Apr 2020 07:00
17 April 2020
Hurricane Energy plc
("Hurricane" or the "Company")
Availability of Annual Report and Group Financial Statements
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that electronic copies of its Annual Report and Group Financial Statements for the year ended 31 December 2019 ("Annual Report") have been published today in the Investors section of the Company's website at www.hurricaneenergy.com.
Alongside the Annual Report, Hurricane has also published its first standalone Environmental, Social and Governance (ESG) Report.
Printed copies of the Annual Report will be posted to registered shareholders who have elected to receive paper communications on 27 April 2020, together with the notice of the Company's 2019 Annual General Meeting and form of proxy.
Contacts:
Hurricane Energy plc Dr Robert Trice, Chief Executive Officer
| +44 (0)1483 862 820 |
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart / Ashton Clanfield
| +44 (0)20 7710 7600 |
Morgan Stanley & Co. International plc Joint Corporate Broker Andrew Foster / Tom Perry / Alex Smart
| +44 (0)20 7425 8000 |
Vigo Communications Public Relations Patrick d'Ancona / Ben Simons hurricane@vigocomms.com | +44 (0)20 7390 0230 |
About Hurricane
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 is pursuing a phased development of Lancaster, 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.
Glossary
FPSO | Floating production storage and offloading vessel |
Spirit Energy | Spirit Energy Limited |
Inside Information
This announcement does not contain inside information.