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Hurricane Energy Ord 0.1p

Current Price 46.40p Bid 46.40p Ask 46.50p Change 0.00%
Last Updated: 23/09/2019 04:26. Prices delayed by at least 15 minutes.
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Company Overview

Hurricane Energy plc 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, in the West of Shetland region of the UK Continental Shelf. The Lancaster field (100%) is Hurricane's most appraised asset, with five wells drilled by the Company to date. It has 2P reserves and 2C contingent 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 which will be the UK's first basement field development. It involves a two well tie-back to the Aoka Mizu FPSO and is expected to initially produce 17,000 barrels of oil per day (gross production of 20,000 bopd with assumed operating efficiency of 85% following ramp-up). First oil is targeted for 1H 2019. Hurricane's other assets include Lincoln (50%), Warwick (50%), Halifax (100%), Whirlwind (100%), and Strathmore (100%). Together with Lancaster, these assets have total combined 2P reserves and 2C contingent resources of 2.6 billion barrels of oil equivalent (2.3 billion barrels of oil equivalent net to Hurricane). In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a five-phase work programme targeting sanction of full field development in 2021.

Financial Highlights Year Ended 31/12/2018

Turnover
£0.00m
Operating Profit
£-12.66m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-15.20

Key Personnel

Jason Aun Minn Cheng
Alt Non-Executive Director
Kar Yui Leonard Tao
Alt Non-Executive Director
Dr Robert Clive Trice
Chief Executive Officer
Alistair Milburn Macdonald Stobie
Chief Financial Officer
Neil Robert Platt
Chief Operations Officer
Steven James McTiernan
Non-Executive Chairman
John Alexander van der Welle
Non-Executive Chairman
Dr David Anthony Lawson Jenkins
Non-Executive Director
Roy Thomas Kelly
Non-Executive Director
Sandra Nan Demby Shaw
Non-Executive Director

Stock Details

EPIC
HUR
ISIN
GB00B580MF54
Shares in Issue
1,990,228,053
Market cap
£940.58m

Analyst Views (2)

Strong Buy
 
50.00%
Buy
 
50.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
46.40p
Bid Price
46.40p
Ask Price
46.50p
Volume
0
Change Today
0.00p
% Change Today
0.00%
Open
48.00p
Previous Close
46.40p
Intraday High
0.00p
Intraday Low
0.00p
52 Week High
64.50p
52 Week Low
38.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Hurricane Energy  Ord 0.1p Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
728.2
445.3
Intangible Assets & Goodwill
131.5
126.4
Investments & Other Non-Current Assets
24.5
16.3
Total Non-Current Assets
884.2
588.0
Inventory
4.6
1.4
Trade & Receivables
2.6
4.7
Cash & Receivables
98.9
142.0
Other Current Assets & Assets Held for Resale
0.0
202.0
Total Assets
990.2
938.1

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
55.1
28.8
Long Term Liabilities
307.0
226.8
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
362.1
255.6

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
628.1
682.5

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
2.8
2.8
Minority Interests
0.0
0.0
Retained Earnings
-121.3
-60.4
Share Premium Account
813.7
813.5
Other Equity
-67.1
-73.5
Total Equity
628.1
682.5

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-4.5
-8.1
Cashflow Before Financing
-33.7
-475.8
Increase / Decrease in Cash
-50.9
48.5

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-12.7
-25.0
Pre-Tax Profit
-60.9
-7.0
Profit / Loss for the Year
-60.9
-7.0
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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