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21 Sep 2017 07:00
21 September 2017
Hurricane Energy plc
(the "Company")
Change of Nominated Adviser & Broker
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that Stifel Nicolaus Europe Limited has been appointed as nominated adviser and sole broker to the Company with immediate effect.
Contacts:
Hurricane Energy plc | Dr Robert Trice (Chief Executive Officer)/Alistair Stobie (Chief Financial Officer)
| +44 (0)1483 862 820 |
Stifel Nicolaus Europe Limited | Nominated Adviser and Corporate 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.
Hurricane's acreage is concentrated on the Rona Ridge, West of Shetland. The Lancaster licence, the Company's most appraised asset, has combined 2P Reserves and 2C Resources of 523 million barrels. In addition, the Company has 205 million barrels of oil equivalent on its Whirlwind licence (under the Whirlwind oil case).
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.
* Discovery under SPE PRMS definitions
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