Hurricane Energy, the UK based oil and gas company, has provided an operational update. The Company has also provided an update on the recommended acquisition by Prax Exploration & Production of the entire issued, and to be issued, share capital of Hurricane.
Prax and Hurricane announced on 16 March 2023 that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Hurricane. Prax has provided an update in respect of the Acquisition.