IN BRIEF: Hurricane Energy produces less oil per day but net cash up
20th Apr 2022 11:52
Hurricane Energy PLC - Surrey, England-based oil producer - Increases net free cash to USD106 million on March 31 from USD71 million on February 28. Hurricane doesn't give a reason for the increase in free cash. It notes that during the month, there was a net movement of USD9.4 million from free cash into restricted funds after the agreement of the Aoka Mizu FPSO Bareboat Charter extension at the end of the month, the company explains. Hurricane also notes that USD78.5 million of convertible bonds due in July remain outstanding. Read More