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Hurricane Energy Production Met Views, Revenue Rose in 2021 morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Hurricane Energy Lancaster Field plan addition passed by regulator lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Hurricane Energy shares tank on restructuring plan as production falls Fri, 30th Apr 2021 10:58 (Alliance News) - Hurricane Energy PLC on Friday proposed a financial restructuring plan following talks with its bondholders as its Lancaster Field fails to deliver. Hurricane shares sunk 48% at 1.20 pence each. The stock is down 52% year-to-date. The UK-focused oil & gas firm said it has entered into a lock-up agreement with an ad hoc group of bondholders , who own 69% of the company s USD230 million convertible bonds due July 2022. Hurricane has been in talks with its bondholders since March. The agreement will see the ad hoc committee agreeing to support a transaction that will materially deleverage the company s balance sheet, enhance its liquidity position and extend its debt maturity profile . This will give Hurricane the financial flexibility to pursue a revised business strategy. ....