News Column

Hurricane plans February float

January 23, 2014

North Sea -focused oil firm Hurricane Energy yesterday announced plans to float on London's junior AIM market in February, in an initial public offering (IPO) which will value the company at around 272m. The firm said it would raise around 18m from investors upon listing plus another 31.4m through the conversion of loan notes and a warrant at the time of the float. Hurricane, said it planned to use the funds to drill a well to appraise its Lancaster oil discovery.

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Source: City A.M. (UK)

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