Proactive Investors - Run By Investors For Investors

Hurricane Energy deserves premium place on London Stock Exchange

Malcolm Graham Wood, in an interview with Proactive Investors Stocktube, talked through his views on Hurricane, its progress towards first as well as other investor favourite oil and gas stocks
oil and gas operations
Hurricane is considering an upgrade to its listing

Hurricane Energy PLC (LON:HUR) deserves a place at the London Stock Exchange’s top table, according to oil companies expert Malcom Graham Wood, who reckons the UK offshore oiler could be a £1bn company relatively soon.

On Thursday, Hurricane told investors it was considering an upgrade to its listing, with a potential transfer from the junior AIM market to a premium listing on the London Stock Exchange.

The successful UK offshore oiler, which raised more than £500mln of capital earlier this year, has announced a number of measures to recognise the company’s new size and scale.

Hurricane has been able to advance the large Lancaster field in Scotland’s West of Shetland region to the cusp of development for an early production system (EPS).

READ: Hurricane Energy plans possible move to premium listing on London Stock Exchange

It recently greenlighted the EPS which will come online in 2019 and deliver up to 17,000 barrels of oil per day. The EPS will be a precursor to a larger development of the potential multi-billion barrel oil project.

Malcolm Graham Wood, in an interview with Proactive Investors Stocktube, talked through his views on Hurricane, its progress towards first as well as other investors' favourite oil and gas stocks such as Echo Energy PLC (LON:ECHO) and recently listed Reabold Resources PLC’s (LON:RBD).

View full HUR profile View Profile

Hurricane Energy PLC Timeline

Related Articles

oil and gas operations
July 03 2018
Analyst Ashley Kelty highlighted what could be characterised as favourable environment and opportunity for Rose Petroleum
picture of wind turbines
January 11 2018
The construction of more than 600 wind turbines was funded by securing US$1bn of financing during the year.
oil well in Alberta
November 15 2018
The company has cash-generating oil and gas operations with exploration upside.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use