Tungsten West plc has appointed Alistair Stobie as chief financial officer effective on 13 November. Mr Stobie has worked with AIM-listed businesses within the energy and natural resources sector and raised capital within various markets. He was CFO at oil and gas company Octavia Energy, before holding the same post at Hurricane Energy plc which […]
Tag: Hurricane Energy plc
Hurricane Energy completes sale to Prax
Hurricane Energy plc’s sale to Prax Exploration & Production Ltd has been approved by a court order and is now complete. COMPANY MOVES Admission to trading of Hurricane shares on AIM will be cancelled with effect from 7am tomorrow, 9 June 2023. Hurricane directors have resigned while former executive directors chief executive officer Antony Maris […]
Hurricane Energy profits surge and debt clears
Hurricane Energy plc recorded a surge in post-tax profits from a “challenging and highly successful” year at its Lancaster field operations, west of Shetland. FINANCES Full-year results for the year ended 31 December 2022 showed company revenues increased to $310.8 million from six liftings of Lancaster crude (2021: $240.5m from seven liftings). Profit after tax for the period amounted to […]
Hurricane progresses sale to Prax on NSTA approval
Hurricane Energy plc’s sale to Prax Exploration & Production plc continues to progress following approval by the North Sea Energy Transition (NSTA). COURT SANCTION Hurricane announced on 4 May that the majority of shareholders had approved the sale and that on 24 May the National Security and Investment condition had been satisfied. Today the company […]
Hurricane ‘highly confident’ of full shareholder dividend
Hurricane Energy plc expects to pay full dividends following the 34th cargo of oil, totalling approximately 541 Mbbls, lifted last week from the Lancaster field, West of Shetland. ACQUISITION The cargo was priced at $82 per barrel, resulting in net revenue of c. $43 million. Hurricane said that the two liftings in 2023, totalling 1,041 Mbbls, have […]
Hurricane directors-PCAs purchase total 1.5m shares
Hurricane Energy plc reported a purchase of a total 1,483,776 ordinary shares by directors and persons closely associated (PCA) with them. The company’s chairman Philip Wolfe and Lucy Wolfe (PCA of chairman) purchased 1,354,556 shares each at 7.6 pence; Kaye Bridgewater PCA of chief executive officer Antony Maris: 64,610 each at 7.7 pence; Nicolie Chaffe […]