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Hurricane Energy PLC

Hurricane Energy says 'far too early' to speculate about Warwick West well

Warwick West is the third well in a programme of drilling in the Greater Warwick area

Hurricane Energy PLC -
Testing is due to commence soon but is also weather dependent,

Hurricane Energy PLC (LON:HUR) has played down speculation over its Warwick West well in the UK’s West of Shetland continental shelf.

Gossip in a market blog today suggested that the well has exceeded all hopes. 

Spudding took place on 24 September, but Hurricane said flow testing has yet to start and ‘it is far too early to make any conclusions about the well’s success’.

Testing is due to commence soon but is also weather dependent, the AIM-listed group said in a statement.

Warwick West is the third well in a programme of drilling in the Greater Warwick area where Hurricane is being carried by farm-in partner Spirit Energy.

Results so far have been mixed. Warwick Deep, the first well, encountered a 712m fractured basin section but did not flow at commercial rates though Lincoln Cristal, the second hole, produced 9,800 barrels a day with a pump.

Hurricane shares rose 3% to 43p.

Quick facts: Hurricane Energy PLC

Price: 42.12 GBX

Market: LSE
Market Cap: £838.28 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...

on 9/9/19

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