Tuesday 10 September 2019

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provided an update in relation to the 205/26b-14 well ("Lincoln Crestal").

The Company notes speculation regarding the flare on the Transocean Leader drilling rig. The Company confirms that a drill stem test on the Lincoln Crestal well has produced oil to surface, resulting in a flare. At 13:10 on Sunday 8 September 2019, the well was shut-in to enable a planned pressure build-up test.

The Company will update the market on initial results of the well, including flow rates and oil type, following completion of the ongoing testing phase.