Hurricane Energy Buoyed by Post-well Analysis Results
Hurricane Energy plc, the UK-based oil and gas company, announced having substantially completed post-well data analysis following the successful testing of the 1km horizontal appraisal well 205/21a-6 in Q2 2014 at the Company's Lancaster oil discovery West of Shetland. The well was optimally located to benefit from a highly connected fault/fracture network and an underlying 300m oil column (Hurricane's - 2C estimate of field ODT). The results from third party analysis combine to demonstrate a very good quality reservoir which could deliver single well rates of 20,000 STB/d - significantly ahead of initial expectations of well productivity.
Keith Kirby, Director of Hurricane Energy Resigns
Hurricane Energy plc announced the resignation of Keith Kirby as a director of the Company. In light of this, resolution 3 relating to the re-election of Keith Kirby has been withdrawn from consideration at the Annual General Meeting that was held on 23 June 2014. Mr Kirby departed Hurricane on 22 June 2014 to pursue other interests. Dr Robert Trice, CEO, commented: "Keith has made an outstanding contribution to the Company and in particular his leadership of certain corporate activity, not least throughout the recent IPO process, has been not only effective but widely respected. I know I speak for all the team at Hurricane when I say that Keith's input will be sorely missed. We wish him all the best in his future endeavours." Hurricane Energy
