Hurricane Energy Generates First Revenue as First Lancaster Oil Cargo Sold

Source: www.gulfoilandgas.com 6/18/2019, Location: Europe

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an opera%onal update in rela%on to the Early Produc%on System development of the Lancaster field ("LancasterEPS").

On 18 June 2019, Hurricane sold its first cargo which was li-ed from the Aoka Mizu FPSO by the Amundsen Spirit shuttle tanker.The cargo was marketed by BP Oil International Limited, pursuant to the offtake agreement.

Dr Robert Trice, ChiefExecutive of Hurricane, commented: "First li ing from the Lancaster EPS marks the generaon of Hurricane's first revenue. We are now building the cash flow necessary to invest in thefurther appraisal and development of Hurricane's basement assets."


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