Hurricane Energy Announces Operational Update

Source: www.gulfoilandgas.com 5/10/2021, Location: Europe

Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations, pursuant to the Company's reporting framework outlined in the Proposed Financial Restructuring announcement as initially published by the Company on 30 April 2021.

The following table details production volumes, water cut and minimum flowing bottom hole pressure for the 205/21a-6 ("P6") well during April 2021. During the month, and as part of the Company's periodic well testing programme for reservoir management purposes, the Lancaster field was producing from both the P6 and 205/21a-7z ("P7z") wells in various different configurations and at various production rates, including periods of well shut-ins for pressure build-up tests. As a result, monthly oil and water production is also included for the P7z well.

April 2021 Lancaster Field Data

The average Lancaster oil production rate for April 2021 was lower than prior months, when the P6 well was producing on a standalone basis in line with the Company's near-term production strategy. Lancaster is currently producing 11,600 bopd from the P6 well alone with an associated water cut of 29%.

Notice of Results

Hurricane's full-year results for 2020 will be announced on 25 May 2021.


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