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Buoyant Kenmare warns Ukraine disruption could have mixed results for heavy minerals market

Buoyant Kenmare warns Ukraine disruption could have mixed results for heavy minerals market
miningmx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningmx.com Daily Mail and Mail on Sunday newspapers.

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Shetland-focused Hurricane Energy benefits from oil price surge

SHETLAND-focused Hurricane Energy has seen its shares jump 12 per cent after the company underlined how much cash firms are generating in the North… ....

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Shetland oil firm completes review after High Court bocks restructuring

SHETLAND oil pioneer Hurricane Energy has seen its shares fall 15 per cent after it said a review has found that directors who proposed a… ....

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Outlook brightens for Shetland oil pioneer

Outlook brightens for Shetland oil pioneer
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Shetland oil pioneer generates $70m revenues

The production facility used on Hurricane Energy s Lancaster field West of Shetland
WEST of Shetland-focused Hurricane Energy increased its cash balances by $7 million (£5m) in the latest quarter during which a court blocked a controversial restructuring that would have left creditors in control of the firm.
Hurricane said it had net free cash of $134m at June 30, up from $127m at March 31.
The increase reflected the benefit of $69m revenues earned on production from the flagship Lancaster oil field.
The news follows a turbulent period for Hurricane, which made finds during a pioneering exploration drive West of Shetland.
The firm saw its valuation soar to £1.2bn after starting production from Lancaster in 2019. ....

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