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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Hurricane Energy PLC    HUR   GB00B580MF54

HURRICANE ENERGY PLC (HUR)
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Delayed Quote. Delayed  - 06/18 05:35:25 pm
45.9 GBp   -0.22%
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Hurricane Energy : Block Listing Cancellation & Block Listing Return

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11/10/2017 | 05:54pm CEST

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 2017

To:

10 November 2017

Balance of unallotted securities under scheme(s) from previous return:

25,000,000

Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

Nil

Less: Number of securitiesissued/allotted under scheme(s) during period (see LR3.5.7G):

25,000,000

Equals: Balance under scheme(s) not yet issued/allotted at end of period:

Nil

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:

+44 (0)1483 862 820

Contacts:

Stifel Nicolaus Europe Limited

Nomad and Broker
Callum Stewart/Nicholas Rhodes/Ashton Clanfield

+44 (0)20 7710 7600

Vigo Communications

Public Relations
Patrick d'Ancona/Ben Simons

+44 (0)20 7830 9704
[email protected]

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.

Hurricane Energy plc published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 16:53:02 UTC.

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Financials ( GBP)
Sales 2018 -
EBIT 2018 -13,2 M
Net income 2018 -10,1 M
Debt 2018 121 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 88,07
EV / Sales 2018 0
EV / Sales 2019 4,98x
Capitalization 904 M
Chart HURRICANE ENERGY PLC
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Hurricane Energy PLC Technical Analysis Chart | HUR | GB00B580MF54 | 4-Traders
Technical analysis trends HURRICANE ENERGY PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 0,77  GBP
Spread / Average Target 67%
EPS Revisions
Managers
NameTitle
Robert Clive Trice Chief Executive Officer & Executive Director
Stephen James McTiernan Non-Executive Chairman
Neil Robert Platt Chief Operations Officer & Executive Director
Alistair Stobie Chief Financial Officer & Director
John Alexander van der Welle Independent Non-Executive Director
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