Wednesday 7 April 2021

Hurricane Energy plc, the UK based oil and gas company, announces that a summary of a Competent Person’s Report (“CPR”) on the Company’s West of Shetland assets by ERC Equipoise Ltd (“ERCE”) has been published on the Company’s website at:

The full CPR will be published on the Company’s website in due course, once finalised. ERCE’s work
has been prepared in accordance with the June 2018 Petroleum Resources Management System (“PRMS”) as the standard for classification and reporting with an effective date of 31 December 2020.

Antony Maris, Chief Executive Officer of Hurricane, commented:

“The summary of the CPR published today is broadly consistent with the estimates for Lancaster and Lincoln which we presented in September 2020. We are continuing to work on a financial plan and are engaging with our key stakeholders to allow us to take the business forward and provide us with the best chance of targeting these reserves and resources.”

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