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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hurricane Energy Plc | LSE:HUR | London | Ordinary Share | GB00B580MF54 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.79 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
By Jaime Llinares Taboada
Hurricane Energy PLC on Thursday reported that its Lancaster field offshore U.K. produced 9,394 barrels of oil a day in February.
The U.K. oil-and-gas producer said that there was no lifting of crude in February, and that the next cargo is expected in late March. Net free cash as at Feb. 28 was $71 million. The company had to lodge 5.7 million pounds ($7.5 million) of funds last month as decommissioning security following a request from the regulator.
Hurricane has $78.5 million of convertible bonds outstanding and due in July.
"Through a combination of further strong operational performance at Lancaster and continued high commodity prices, coupled with our ongoing constructive discussions with Bluewater over a charter extension for the Aoka Mizu, we continue to build the platform for Hurricane's future," Chief Executive Antony Maris said.
Shares at 1027 GMT were up 6.1% at 8.62 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
March 17, 2022 06:54 ET (10:54 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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