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Hurricane Energy PLC

Hurricane Energy PLC - Death of a Director

RNS Number : 1442S
Hurricane Energy PLC
06 July 2020
 

6 July 2020

Hurricane Energy plc

 

("Hurricane" or the "Company")

 

Death of a Director

 

Hurricane Energy plc is deeply saddened to announce that Neil Platt, Chief Operations Officer, executive director and hugely respected colleague, passed away on 5 July 2020. Hurricane's Board of Directors extends its deepest condolences and sympathies to Neil's family at this time and would like to place on record its sincere gratitude for the exceptional role he has played in the development of the Company.

 

Steve Holmes, Production Operations Director, has been appointed Acting Chief Operations Officer.

 

Steven McTiernan, Chairman, commented:

 

"Everyone at Hurricane is deeply saddened by this news and our thoughts and sympathies are with Neil's family and friends. Neil's passion, enthusiasm and technical excellence were integral to the Company's growth over the past decade. His leadership was pivotal to the successful delivery and operation of the Lancaster Early Production System. This outstanding achievement is a fitting legacy for his career at Hurricane and will always remind us of his huge contribution. We will miss him terribly."

 

-ends-

 

Contacts: 

 

Hurricane Energy plc

Beverley Smith, Interim Chief Executive Officer

Philip Corbett, Head of Investor Relations

 

+44 (0)1483 862 820

Stifel Nicolaus Europe Limited

Nominated Adviser & Joint Corporate Broker

Callum Stewart / Ashton Clanfield

 

+44 (0)20 7710 7600

Morgan Stanley & Co. International plc

Joint Corporate Broker

Andrew Foster / Tom Perry / Alex Smart

 

+44 (0)20 7425 8000

Vigo Communications

Public Relations

Patrick d'Ancona / Ben Simons

hurricane@vigocomms.com

+44 (0)20 7390 0230

 

About Hurricane

 

Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.

 

The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.

 

In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.

 

Inside Information

This announcement contains inside information as stipulated under the market abuse regulation (EU no. 596/2014). Upon the publication of this announcement via regulatory information service this inside information is now considered to be in the public domain.

 

 


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