Hurricane Energy talks down speculation at Warwick West well
Oil and gas company Hurricane Energy responded to market speculation around the 204/30b-4, or ‘Warwick West’, well on Friday.
The AIM-traded firm noted the speculation, which emerged earlier on a finance blog suggesting the well had exceeded its expectations since spudding in late September.
“The well is due to commence testing soon,” Hurricane said on Friday.
“The timing of testing is weather dependent.
“As such it is far too early to make any conclusions as to the success of the Warwick West well.”
Hurricane said an update would be provided once testing began, and on the completion of well testing.
At 1607 GMT, shares in Hurricane Energy were up 1.96% at 42.6p, having spiked above 45p late in the morning.