Hurricane Energy (HUR)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

3.08p
   
  • Change Today:
    -0.32p
  • 52 Week High: 5.00
  • 52 Week Low: 0.66
  • Currency: UK Pounds
  • Shares Issued: 1,991.87m
  • Volume: 11,322,066
  • Market Cap: £61.35m
  • RiskGrade: 170

Hurricane reports lower oil production rate at Lancaster

By Josh White

Date: Monday 10 May 2021

LONDON (ShareCast) - (Sharecast News) - UK-based oil and gas company Hurricane Energy updated the market on Lancaster field operations on Monday, reporting that in April, as part of its periodic reservoir management well testing programme, the field was producing from both the P6 and P7z wells in various different configurations and at various production rates, including periods of well shut-ins for pressure build-up tests.
The AIM-traded firm said that as a result, monthly oil and water production was also included for the P7z well.

At the P6 well, oil production totalled 303,000 barrels, with an average oil rate of 10,100 barrels of oil per day.

Water produced from the well during the month came in at 116,000 barrels, with the well's average water cut being 28%, while the well gauge pressure was 1,657 pounds per square inch absolute (psia).

On the P7z well, oil produced during the month totalled 19,000 barrels, while water production was 83,000 barrels.

"The average Lancaster oil production rate for April was lower than prior months, when the P6 well was producing on a standalone basis in line with the company's near-term production strategy," the board said in its statement.

"Lancaster is currently producing 11,600 barrels of oil per day from the P6 well alone with an associated water cut of 29%."

Hurricane Energy also said its full-year results for 2020 would be announced on 25 May.

At 1202 BST, shares in Hurricane Energy were down 11.22% at 0.75p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HUR Market Data

Currency UK Pounds
Share Price 3.08p
Change Today -0.32p
% Change -9.41 %
52 Week High 5.00
52 Week Low 0.66
Volume 11,322,066
Shares Issued 1,991.87m
Market Cap £61.35m
RiskGrade 170

HUR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.21% above the market average71.21% above the market average71.21% above the market average71.21% above the market average71.21% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Price Trend
79.07% below the market average79.07% below the market average79.07% below the market average79.07% below the market average79.07% below the market average
65.59% below the sector average65.59% below the sector average65.59% below the sector average65.59% below the sector average65.59% below the sector average
Income Not Available
Growth
10.65% above the market average10.65% above the market average10.65% above the market average10.65% above the market average10.65% above the market average
5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 3
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HUR Dividends

No dividends found

Trades for 20-Sep-2021

Time Volume / Share Price
17:08 200,000 @ 3.08p
16:35 11,792 @ 3.08p
16:28 305,674 @ 3.14p
16:25 120,000 @ 3.14p
16:22 130,000 @ 3.07p

HUR Key Personnel

CEO Antony Maris

Top of Page