Hurricane has made a series of large discoveries West of Shetland in fractured basement reservoir. The company is currently implementing the Lancaster EPS development, which is to produce at 17mbbl/d for up to 10 years. This will provide cash flow, and important production data to help demonstrate the commerciality of the over 2.5bn boe of resources that the company has discovered. Over the next 12 months we expect periodic development updates, culminating in first oil in H1 2019. We have a B

17 Jan 2018
A fair wind

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A fair wind
- Published:
17 Jan 2018 -
Author:
Daniel Slater, CFA -
Pages:
8 -
Hurricane has made a series of large discoveries West of Shetland in fractured basement reservoir. The company is currently implementing the Lancaster EPS development, which is to produce at 17mbbl/d for up to 10 years. This will provide cash flow, and important production data to help demonstrate the commerciality of the over 2.5bn boe of resources that the company has discovered. Over the next 12 months we expect periodic development updates, culminating in first oil in H1 2019. We have a B