We launch coverage of UK AIM-listed E&P Hurricane Energy (HUR) with a total risked NAV of 132p/sh (41p/sh Core NAV; 464p/sh unrisked NAV). Thanks to several fractured basement oil discoveries (Lancaster, Lincoln, Halifax & Whirlwind) West of Shetlands, HUR sits on the largest discovered oil resource base amongst European E&Ps: 37mmboe of 2P reserves, or 62mmbbl based on the Lancaster early production system (EPS) lasting for 10 years & 2.3bn boe of net 2C resources. Whilst HUR has significantly ....
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Taking the basement by storm
- Published:
28 Nov 2018 -
Author:
Anish Kapadia | Jay Ashfield | Hamish Clegg -
Pages:
68
We launch coverage of UK AIM-listed E&P Hurricane Energy (HUR) with a total risked NAV of 132p/sh (41p/sh Core NAV; 464p/sh unrisked NAV). Thanks to several fractured basement oil discoveries (Lancaster, Lincoln, Halifax & Whirlwind) West of Shetlands, HUR sits on the largest discovered oil resource base amongst European E&Ps: 37mmboe of 2P reserves, or 62mmbbl based on the Lancaster early production system (EPS) lasting for 10 years & 2.3bn boe of net 2C resources. Whilst HUR has significantly ....