By the end of 2016, Hurricane should have far greater certainty on the size and potential value of its key asset, Lancaster. If post-drill resource estimates remain in line with the pre-drill forecast at P50 200mmbbls, Hurricane remains well placed to attract partner and debt funding assuming an Edison long-term 70$/bbl Brent oil price. A resource base that only justifies an early production system (EPS) development is still likely to be economically viable, but could prove harder to finance in the current market.
