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Hurricane Energy PLC

Hurricane Energy produces oil at Lincoln Crestal well

Hurricane Energy said a drill stem test on the well produced oil to surface, resulting in a flare.

Hurricane Energy PLC -

Hurricane Energy PLC (LON:HUR) has confirmed that it has struck oil at its Lincoln Crestal well off the west coast of the Shetland Islands.

The group said a drill stem test on the well produced oil to surface, resulting in a flare.

The well was shut in on Sunday to enable a planned pressure build-up test. Hurricane said it will update the market on initial results of the well, including flow rates and oil type, following completion of the ongoing testing phase.

Lincoln Crestal is the second in a three-well programme designed to further test Hurricane’s assets in the Greater Warwick Area, in which Hurricane has a 50% interest following Spirit Energy’s farm-in last September.

Hurricane shares were up 4.4% to 44.88p on Monday morning. 

Quick facts: Hurricane Energy PLC

Price: £0.47

Market: LSE
Market Cap: £940.58 m
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Investor Update: Hurricane Energy produces oil to surface at its Lincoln...

Headlines from the Proactive UK newsroom. Hurricane Energy PLC (LON:HUR) has confirmed that it has struck oil at its Lincoln Crestal well off the west coast of the Shetland Islands. The group said a drill stem test on the well produced oil to surface, resulting in a flare. Touchstone...

1 week, 4 days ago

2 min read

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