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Hurricane Energy Ord 0.1p

17:03 on 17/11/2017

Current Price 27.00p | Bid 26.75p | Ask 27.00p | Change -1.83%

Company Overview

Hurricane Energy plc is a UK-based oil & gas company focused on the exploration and exploitation of fractured basement reservoirs. The Company was founded in 2004 and has acquired acreage West of Shetland. This acreage includes two fractured basement discoveries made by Hurricane (Lancaster and Whirlwind), two fractured basement prospects (Lincoln and Typhoon) and two sandstone reservoir assets (Strathmore and Tempest). Hurricane's assets comprise 444-470 MMboe 2C contingent resources. The basement reservoirs provide an additional 432-442 MMboe P50 prospective resources. Since Hurricane was founded it has undertaken, as operator, exploration drilling and testing on two fractured basement prospects and further appraisal drilling and testing on one of these. Lancaster and Whirlwind have each been independently attributed c.200MMboe recoverable 2C contingent resources; these discoveries are significantly larger than the average size of discovery on the UKCS during the same period (20-23 MMboe). Hurricane has 100 per cent. ownership and control of its assets, has a portfolio of exploration opportunities and has prepared an appraisal and exploration programme designed to progress the Company's assets. The first (appraisal) well in the programme will involve the Company drilling and testing a horizontal well on Lancaster in 2014.

Stock Details

Shares in Issue 984,030,277
Market cap £ 400.99m
Sector Oil & Gas Producers
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2013

Turnover £0.00 million
Operating Profit £-5.87 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -46.84
» More Financials

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Price Summary

Mid Price ? 26.75p
Bid Price ? 26.75p
Ask Price ? 27.00p
Volume ? 3826524
Change Today -0.50p
% Change Today -1.83%
Open 27.25p
Previous Close 26.75p
Intraday High 27.75p
Intraday Low 26.75p
52 Week High 43.50p
52 Week Low 9.00p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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