16 Jun 2021 07:00
16 June 2021
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Hurricane Energy plc
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("Hurricane" or the "Company")
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Lancaster Field Update
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Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations.
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Further to the announcements on 10 and 11 June 2021, the Company is pleased to announce that it has successfully restarted the electric submersible pump in the Lancaster 205/21a-6 ("P6") well.
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Once stabilised, the Company intends to target oil production from the P6 well at a rate of c.11,000 bopd, being a similar level to that achieved immediately prior to the trip on 8 June 2021. Thereafter, oil production from the P6 well is expected to continue declining. A further operational update will be announced in early July, in line with the Company's recent reporting framework.
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Contacts:Â
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Hurricane Energy plc Antony Maris, Chief Executive Officer Philip Corbett, Head of Investor Relations  | +44 (0)1483 862820 |
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart  | +44 (0)20 7710 7600 |
Investec Bank plc Joint Corporate Broker Chris Sim / Rahul Sharma | +44 (0)20 7597 5970 |
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Vigo Consulting Public Relations Patrick d'Ancona / Ben Simons hurricane@vigoconsulting.com  | +44 (0)20 7390 0230 |
About Hurricane
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Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.
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Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.
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Visit Hurricane's website at www.hurricaneenergy.com
Glossary
bopd | Barrels of oil per day |
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Inside Information
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This announcement contains inside information.
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