Hurricane released an operational and corporate update today. As expected, given the major reserves downgrade earlier this year, Hurricane has flagged the possibility of equity dilution or even the wipe out of equity value if no agreement on the funding of its development plans can be agreed with stakeholders. However, we continue to see considerable value remaining in the Lancaster asset if funding for further development of the field is forthcoming. Hurricane currently has US$87mm in available ....


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Lancaster funding discussions to commence shortly
- Published:
18 Dec 2020 -
Author:
Anish Kapadia | Jay Ashfield -
Pages:
5 -
Hurricane released an operational and corporate update today. As expected, given the major reserves downgrade earlier this year, Hurricane has flagged the possibility of equity dilution or even the wipe out of equity value if no agreement on the funding of its development plans can be agreed with stakeholders. However, we continue to see considerable value remaining in the Lancaster asset if funding for further development of the field is forthcoming. Hurricane currently has US$87mm in available ....