Current HUR:LN Stock Info

Combined flow from two wells reached 20,000 BOPD target
Hurricane Exploration plc, a U.K.-based oil and gas company focusing on naturally fractured basement reservoirs, achieved first oil this Tuesday, reaching its targeted production rate of 20,000 BOPD from the Lancaster field.

The company reported that a 72-hour production test combined flows from two wells, and the company expects that a gradual ramp-up over the first six months of production will lead to a long-term operating efficiency of 85%.

Source: Hurricane Exploration

In the short-term, it expects 45% efficiency for the first three months and 65% for the next three, resulting in average production rates of 9,000 BOPD and 13,000 BOPD respectively.

The Lancaster field,...

Legal Notice