28th Apr 2014 09:08
LONDON (Alliance News) - Hurricane Energy PLC Monday said it had started an horizontal appraisal well at its Lancaster site over the weekend.
"The company is using the Transocean Sedco 712 semi-submersible drilling rig for the operation which is intended to drill and test the Lancaster basement oil discovery. The operation is expected to last approximately 75 days after which further technical analysis will be undertaken," the company said in a statement.
Hurricane Energy shares were down 7.1% at 30.2 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
HUR.L