22 May 2017 07:00
22 May 2017
Hurricane Energy plc
("Hurricane" or the "Company")
Availability of Annual Report and Financial Statements
&
Notice of Annual General Meeting
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 2016 have been published today in the Investors section of the Company's website at www.hurricaneenergy.com. Shareholders who have requested hard copies will receive these in the post in due course, following printing.
Notice of the Annual General Meeting ("AGM") of the Company has been sent to shareholders and is also available on the Company's website. The AGM will be held at 11.00 a.m. on Wednesday, 7 June 2017 at The Science Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA.
Contacts:
Hurricane Energy plc | Dr Robert Trice (Chief Executive Officer)/Alistair Stobie (Chief Financial Officer)
| +44 (0)1483 862 820 |
Cenkos Securities plc | Nominated Adviser and Joint Corporate BrokerDerrick Lee/Nick Tulloch/Beth McKiernan
| +44 (0)131 220 6939 |
Stifel Nicolaus Europe Limited | Joint 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 - This classification is consistent with SPE/AAPG/WPC and SPEE guidelines for Petroleum Resource Management - Determination of Discovery Status