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10 Nov 2017 16:45
10 November 2017
Hurricane Energy plc
("Hurricane" or the "Company")
Block Listing Cancellation and Block Listing Return
Hurricane announces that, pursuant to the block listing of 25,000,000 ordinary shares of 0.1p each in the capital of the Company (the "Shares") announced on 12 May 2017 (the "Block Listing"), the Company has allotted a total of 25,000,000 Shares, as announced on 17 May 2017. As such, no further Shares will be allotted pursuant to the Block Listing, and the Block Listing is hereby cancelled.
A final block listing return in respect of the Block Listing is set out below:
Name of applicant: | Hurricane Energy plc | |||
Name of scheme: | Block listing of ordinary shares in Hurricane Energy plc. in relation to the 2017 warrant scheme | |||
Period of return: | From: | 12 May 2017 | To: | 10 November 2017 |
Balance of unallotted securities under scheme(s) from previous return: | 25,000,000 | |||
Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): | Nil | |||
Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): | 25,000,000 | |||
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | Nil | |||
IMPORTANT NOTE: This is the final return for this block listing. No further shares will be allotted pursuant to this block listing. | ||||
Name of contact: | Ben Leith | |||
Telephone number of contact: | +44 (0)1483 862 820 | |||
Contacts:
Stifel Nicolaus Europe Limited | Nomad and BrokerCallum Stewart/Nicholas Rhodes/Ashton Clanfield
| +44 (0)20 7710 7600 |
Vigo Communications | Public RelationsPatrick d'Ancona/Ben Simons | +44 (0)20 7830 9704Hurricane@vigocomms.com |
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, West of Shetland. The Lancaster field, Hurricane's most appraised asset, has combined 2P Reserves plus 2C Resources of 523 million stock tank barrels of oil. The Company is currently proceeding towards the first phase of development of Lancaster, an Early Production System, with first oil targeted for 1H 2019.
During the 2016-2017 drilling campaign, the Company made two significant discoveries* at Halifax and Lincoln, indicating that the Greater Lancaster Area and the Greater Warwick Area have the potential to be two large accumulations.
Hurricane's other assets include Whirlwind, which has 2C Contingent Resources of 205 million barrels of oil equivalent (under the Whirlwind oil case).
*Discovery under SPE PRMS definitions
Inside Information
This announcement contains inside information as stipulated under the market abuse regulation (EU no. 596/2014). Upon the publication of this announcement via regulatory information service this inside information is now considered to be in the public domain.
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