Hurricane Energy PLC Block Listing Cancellation & Block Listing Return (2171W)

TIDMHUR

RNS Number : 2171W

Hurricane Energy PLC

10 November 2017

10 November 2017

Hurricane Energy plc

("Hurricane" or the "Company")

Block Listing Cancellation and Block Listing Return

Hurricane announces that, pursuant to the block listing of 25,000,000 ordinary shares of 0.1p each in the capital of the Company (the "Shares") announced on 12 May 2017 (the "Block Listing"), the Company has allotted a total of 25,000,000 Shares, as announced on 17 May 2017. As such, no further Shares will be allotted pursuant to the Block Listing, and the Block Listing is hereby cancelled.

A final block listing return in respect of the Block Listing is set out below:

 
 Name of applicant:                Hurricane Energy plc 
--------------------------------  -------------------------------- 
 Name of scheme:                   Block listing of ordinary 
                                    shares in Hurricane Energy 
                                    plc. in relation to the 
                                    2017 warrant scheme 
--------------------------------  -------------------------------- 
 Period of return:       From:     12 May     To:    10 November 
                                    2017              2017 
----------------------  --------  ---------  -----  -------------- 
 Balance of unallotted 
  securities under scheme(s) 
  from previous return:            25,000,000 
--------------------------------  -------------------------------- 
 Plus: The amount by               Nil 
  which the block scheme(s) 
  has been increased 
  since the date of 
  the last return (if 
  any increase has been 
  applied for): 
--------------------------------  -------------------------------- 
 Less: Number of securities 
  issued/allotted under 
  scheme(s) during period 
  (see LR3.5.7G):                  25,000,000 
--------------------------------  -------------------------------- 
 Equals: Balance under             Nil 
  scheme(s) not yet 
  issued/allotted at 
  end of period: 
--------------------------------  -------------------------------- 
 IMPORTANT NOTE: This is the final return 
  for this block listing. No further shares 
  will be allotted pursuant to this block 
  listing. 
------------------------------------------------------------------ 
 Name of contact:                  Ben Leith 
--------------------------------  -------------------------------- 
 Telephone number of 
  contact:                         [phone] 
--------------------------------  -------------------------------- 
 
 

Contacts:

 
 Stifel 
  Nicolaus              Nomad and Broker 
  Europe                 Callum Stewart/Nicholas    [phone] 
  Limited                Rhodes/Ashton Clanfield     7600 
 Vigo Communications    Public Relations            [phone] 
                         Patrick d'Ancona/Ben        9704 
                         Simons                      [e-mail] 
 

About Hurricane

Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs.

The Company's acreage is concentrated on the Rona Ridge, West of Shetland. The Lancaster field, Hurricane's most appraised asset, has combined 2P Reserves plus 2C Resources of 523 million stock tank barrels of oil. The Company is currently proceeding towards the first phase of development of Lancaster, an Early Production System, with first oil targeted for 1H 2019.

During the 2016-2017 drilling campaign, the Company made two significant discoveries* at Halifax and Lincoln, indicating that the Greater Lancaster Area and the Greater Warwick Area have the potential to be two large accumulations.

Hurricane's other assets include Whirlwind, which has 2C Contingent Resources of 205 million barrels of oil equivalent (under the Whirlwind oil case).

*Discovery under SPE PRMS definitions

Inside Information

This announcement contains inside information as stipulated under the market abuse regulation (EU no. 596/2014). Upon the publication of this announcement via regulatory information service this inside information is now considered to be in the public domain.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 10, 2017 11:45 ET (16:45 GMT)