(Alliance News) - Activist investor Crystal Amber Fund Ltd on Friday requisitioned a general meeting to remove six directors of Hurricane Energy PLC, including the executives and chair, and appoint two of its own. Read More
(Alliance News) - Activist investor Crystal Amber Fund Ltd on Friday requisitioned a general meeting to remove six directors of Hurricane Energy PLC, including the executives and chair, and appoint two of its own. Read More
(Alliance News) - Equities in London were set to open a shortened trading day in the green on Friday, despite indices falling in Asia and the US. Read More
(Alliance News) - Hurricane Energy PLC on Friday said it is planning for a capital reduction programme to distribute reserves to shareholders. Read More
Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Notes UK government announcement which increases energy profits levy to 35% starting January 1, 2023, from 25% currently. Firm says the tax on surplus profit will cost it less than USD5 million in 2022. Hurricane says it is assessing the impact of the coming changes. Read More
(Alliance News) - Hurricane Energy PLC on Wednesday urged shareholders to vote against an unsolicited indicative takeover offer it received, citing a low premium to its share price as it launched a formal sales process. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Produces 258,000 barrels of oil during July at the Lancaster field at an average oil rate of 8,324 barrels of oil per day. In June, oil production stood at 256,000 barrels of oil. Says 30th cargo of Lancaster oil lifted on July 24, totalling 534,000 barrels and resulting in net revenue of USD60 million. The company will carry out its planned annual shut down in September. Next cargo expected to be lifted in October. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Repays its outstanding USD78.5 million 7.5% convertible bonds and a further USD1.5 million of accrued interest by the maturity date of July 24. Says the repayment leaves it debt free, with "significant" cash on hand. Read More
Hurricane Energy PLC - Surrey-based oil and gas producer in fields offshore west of Shetland - Produces roughly similar amount of oil at Lancaster Field's P6 well as in May. Oil production in June stands at 256,000 barrels of oil versus 259,000 in May. Read More
(Alliance News) - Hurricane Energy PLC on Thursday provided an update on its Lancaster field operations, boasting production continued to generate significant positive cashflow. Read More
Hurricane Energy PLC - oil and gas producer in fields offshore west of Shetland - Says the Greater Warwick Area joint venture has decided to relinquish the P2294 licence area on the Rona Ridge, west of Shetland, after discussion with its partner Spirit Energy Ltd. Hurricane believes further appraisal and development costs are not feasible at Warwick. The carrying value of the P2294 asset of CAD4.1 million will be impaired. The impairment will be an accounting charge only and will not have any cash impact, Hurricane says. The move follows an earlier decision to relinquish the Lincoln P1368 licence sub area. Read More
Hurricane Energy PLC - Surrey, England-based oil producer - Posts a slightly higher average per day oil production in April at Lancaster Field's P6 well in April than in March. Oil production in April stands at 273,000 barrels of oil versus 282,000 in March. Average rate of barrels of oil per day rises to 9,099 in April from 9,085 in March, as April is one day shorter. Compared to April 2021, oil production falls to 273,000 barrels from 303,000. April-on-April average oil rate per day falls to 9,099 from 10,100 in April 2021. Read More
Hurricane Energy PLC - Surrey, England-based oil producer - Swings to annual profit despite lower oil sale volumes. Pretax profit in 2021 at USD18.2 million versus a loss of USD571.1 million in 2020. Revenue grows to USD240.5 million from USD180.1 million. Read More
(Correcting date of recent production from P6 well.) Read More