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HRCXF / Hurricane Energy revival continues as its expect to have cash spare after bonds are repaid

Hurricane Energy revival continues as its expect to have cash spare after bonds are repaid
Hurricane Energy PLC (LSE:HUR) shares gained more than 7% in Thursday's early deals as the embattled UK offshore oiler said it expects to repay in full its outstanding bonds in July – and should still retain US$60mln of cash. The company, which has spent the past couple of years in crisis mode, in today's results statement for 2021 said it generated some US$240.5mln of revenue with a total of seven crude liftings over the course of 2021 as oil prices steadily rose. Read More
Posted: Apr 28 2022, 04:00
Author Name: Proactive Investors
Views: 110829

HRCXF News  

Hurricane Energy takeover proceeding as Prax clears regulatory hurdle

By Proactive Investors
May 24, 2023

Hurricane Energy takeover proceeding as Prax clears regulatory hurdle

Hurricane Energy PLC (LSE:HUR) takeover by Prax Exploration & Production is now advancing after the proposed transaction was approved by the British a more_horizontal

Hurricane Energy production update ahead of shareholder vote

By Proactive Investors
April 18, 2023

Hurricane Energy production update ahead of shareholder vote

Hurricane Energy PLC (LSE:HUR) trading update today revealed that production from the Lancaster field has now slipped to around 7,460 barrels of oil p more_horizontal

Hurricane Energy says Prax takeover was best of five offers

By Proactive Investors
March 23, 2023

Hurricane Energy says Prax takeover was best of five offers

Hurricane Energy PLC (LSE:HUR) today released a ‘shareholder Q&A' statement addressing a number of questions about the nature of the recently comple more_horizontal

Hurricane Energy recommends takeover pitched between £82.7mln and £249mln

By Proactive Investors
March 16, 2023

Hurricane Energy recommends takeover pitched between £82.7mln and £249mln

Hurricane Energy PLC (LSE:HUR) is to be bought by Prax Exploration & Production Plc in a deal that promises staggered cash returns to shareholders. Th more_horizontal

Hurricane Energy sale process continues as multiple credible proposals were received

By Proactive Investors
January 11, 2023

Hurricane Energy sale process continues as multiple credible proposals were received

Hurricane Energy PLC (LSE:HUR) has received multiple proposals from credible counterparties in its formal sales process, which had a 7 January deadlin more_horizontal

Hurricane Energy chair says Crystal Amber move is “simply mystifying”

By Proactive Investors
December 23, 2022

Hurricane Energy chair says Crystal Amber move is “simply mystifying”

Hurricane Energy PLC (LSE:HUR) chairman Philip Wolfe has said its major shareholder's move to replace the board and propose a new team to reinvest in more_horizontal

Hurricane Energy's private equity shareholder seeks to replace the board amidst company sales process

By Proactive Investors
December 23, 2022

Hurricane Energy's private equity shareholder seeks to replace the board amidst company sales process

Hurricane Energy PLC's (LSE:HUR) major shareholder Cystal Amber Fund Limited has sent a requisition notice for a general meeting in which it seeks to more_horizontal

Hurricane Energy PLC receives multiple expressions of interest after hanging out the for sale signs

By Proactive Investors
November 18, 2022

Hurricane Energy PLC receives multiple expressions of interest after hanging out the for sale signs

Hurricane Energy PLC (LSE:HUR) said it has received multiple expressions of interest from 'credible counterparties' after putting the business up for more_horizontal


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