Hurricane Energy

Hurricane, founded in 2005, is a UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs. The Company is the 100% owner and operator of four licences on the UKCS. Hurricane's anchor project is the Lancaster field, a shallow water light oil discovery with independently certified 2C resources of around 200 million barrels of oil (Competent Person's Report by RPS Energy, 2013). The most recent well, a one kilometre horizontal well drilled and tested in 2014, achieved a sustainable flow rate of approximately 9,800 barrels of oil per day, constrained by the capacity of surface equipment. Following the success of the 2014 horizontal well, Hurricane intends to complete its appraisal programme and proceed towards the EPS phase of development at Lancaster.