Source - LSE Regulatory
RNS Number : 0048C
Hurricane Energy PLC
16 June 2021

16 June 2021


Hurricane Energy plc


("Hurricane" or the "Company")


Update on Lincoln-14 well plug and abandonment  


Hurricane Energy plc, the UK based oil and gas company, provides an update on operations to plug and abandon the 205/26b-14 ("Lincoln-14") well on the P1368 (South) licence in the Greater Warwick Area ("GWA"), which Hurricane operates on behalf of the GWA joint venture (Hurricane 50%, Spirit Energy Resources Limited 50%).


The Company previously announced, including in the Proposed Financial Restructuring announcement as initially published by the Company on 30 April 2021, that the GWA joint venture has a regulatory obligation to plug and abandon the Lincoln-14 well by 31 October 2021, and that a rig had been contracted by Hurricane, as licence operator, for this purpose.


The Company can confirm that the Stena Don semi-submersible rig is now on hire. The Lincoln-14 plug and abandonment is scheduled to take c.20-25 days to complete with a gross budgeted campaign cost of c.$13 million (net $6.5 million to Hurricane).






Hurricane Energy plc

Antony Maris, Chief Executive Officer

Philip Corbett, Head of Investor Relations


+44 (0)1483 862820

Stifel Nicolaus Europe Limited

Nominated Adviser & Joint Corporate Broker

Callum Stewart


+44 (0)20 7710 7600

Investec Bank plc

Joint Corporate Broker

Chris Sim / Rahul Sharma

+44 (0)20 7597 5970



Vigo Consulting

Public Relations

Patrick d'Ancona / Ben Simons


+44 (0)20 7390 0230

About Hurricane


Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.


Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.


Visit Hurricane's website at


Inside Information


This announcement does not contain inside information.



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