Hurricane Energy's Drilling Update On Lancaster Well

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announced that it has completed the drilling phase of the ongoing operation to drill and test a horizontal appraisal well on its Lancaster discovery, West of Shetland. The well has been drilled to plan and a one kilometre horizontal section through the basement reservoir is now being prepared for testing.
 
Commenting from the Transocean (RIG) Sedco 712 drilling rig, Dr Robert Trice, Chief Executive Officer, said, "I am pleased to report that Hurricane has successfully completed its drilling phase of the reservoir section. The planned operation has gone well and we have succeeded in drilling the one kilometre horizontal section in the fractured basement structure. I am extremely encouraged by the data so far acquired as it indicates that the target fault zones are present and that the encountered section is fractured and oil bearing. Operations have now switched focus to the preparation for the well testing phase of this operation."
 
A further announcement will be issued in due course.