Hurricane Energy Plc - 2016-04-18


Kerogen Capital provided 44.1 million British pounds (US$62 million) into the company for a nearly 30% stake. The share placement is also raising another 8 million British pounds from existing shareholders Crystal Amber and Marlborough Fund Nominees, whose company ownerships will change to 15.1% and 1.3%, respectively. Hurricane will use the equity to finance the drilling of two wells at Lancaster and for general corporate purposes.

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