Hurricane Energy Plc (HUR) Issues Operational Update On Lancaster EPS And Lincoln Crestal Well

The first phase of the Lancaster EPS commenced on 11th May 2019, and the company achieved first oil on June 4, 2019. Over the coming months, the fuel gas compressor will be commissioned to reduce long-term flaring levels, and a return to dual flowline operations will be attempted. Past production has remained constrained to a single subsea flowline.

Lincoln Crestal well was spudded on 12 July 2019 with a total depth of 1,780 m TVDSS. The well has moved onto preparation for drill stem testing.

On 2nd September 2019, at the time of writing, GMT 08:22 AM, HUR shares were trading at GBX 43.96, up by 0.24 points or 0.55% against the previous day closing price.