Hurricane announced on 6 August the preliminary findings from its detailed technical review of the Lancaster field. The main conclusion is that there is a reasonable probability that the oil water contact in the Lancaster field is shallower than the range of oil water contacts envisaged from the last Competent Person’s Report. Consequently, the Company believes there is a risk of a material downgrade to estimated reserves attributable to the Lancaster Early Production System (37mmbbl initial 2P ....
