Hurricane Energy plc has appointed Juan Morera to the board as a non-executive director with immediate effect. The move follows a request from shareholder activist investor Crystal Amber Fund Ltd. Mr Juan Morera Calveras (Juan Morera), aged 39, is a CFA qualified investment analyst with more than 10 years’ experience. He currently works as an […]
Tag: Hurricane Energy plc
Hurricane Energy maintains output at Lancaster
Hurricane Energy plc said it produced 9,500 bopd from the 205/21a-6 (P6) well during January 2022 at the Lancaster field, West of Shetland. PRODUCTION The 27th cargo of Lancaster oil, totalling approximately 530 Mbbls, was lifted on 25 January 2022 and priced at $81.4/bbl. The next cargo is anticipated to be lifted in late March 2022. January 2022 […]
Hurricane interim chairman John Wright to step down
Hurricane Energy plc announced that John Wright has agreed to step down from the role of interim chairman. The move is in connection with a request from activist investor Crystal Amber Fund Ltd to appoint Juan Morera to the board as non-executive director (NED). Hurricane said it anticipated that Mr Morera would join the board on completion […]
Hurricane reaches bubble point without issues
Hurricane Energy plc said that the well gauge pressure reached and declined below the ‘bubble point’ during December without production issues at its Lancaster oil field, west of Shetland. OPERATIONS The company added that this was in line with the previous guided timing of between late December 2021 and mid-February 2022. The bubble point is […]
Hurricane records 9,900 bopd from Lancaster P6 well
Hurricane Energy plc announced November production of 9,900 bopd from the P6 well alone at the Lancaster field, West of Shetland. LANCASTER 205/21a-4z The company also successfully completed the plugging and final abandonment (P&A) of the Lancaster 205/21a-4z well for a cost of $1 million. A total of $2.2m of decommissioning security (previously classified as restricted […]
Hurricane Energy positive on FPSO extension
Hurricane Energy plc said it remained positive over an extension to the FPSO as the company announced improved finances and production at its Lancaster field, West of Shetland. PRODUCTION Production was higher than expectations during October due to better than expected uptime on the FPSO. The company had anticipated the well gauge pressure would reach […]