Hurricane Energy plc, the UK based oil and gas company, provides an update on the previously announced stakeholder engagement process and discloses operational and financial projections which have been shared with an ad hoc group of bondholders (the Ad Hoc Committee ), holding in aggregate approximately 69% by value of the Company s $230 million convertible bonds due 24 July 2022 (the Convertible Bonds ) as part of business planning, financing and balance sheet restructuring discussions. As part of this process, in recent months, the Company has been engaging with the Ad Hoc Committee. Hurricane can now announce that it has entered into a lock-up agreement (the Lock-up Agreement ) with the Ad Hoc Committee, pursuant to which the Ad Hoc Committee agrees to support a transaction that will materially deleverage the Company s balance sheet, enhance its liquidity position and extend its debt maturity profile (the Restructuring ), thereby pr