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Hurricane Energy

United Kingdom

Company description

Hurricane was founded in 2005 by Dr Robert Trice with the help and encouragement of a private investor, in the belief that fractured basement reservoirs represent a significant untapped resource. Beginning with just a few highly expert staff, Hurricane gradually established a team of specialists with the skills, experience and determination to locate and develop this resource potential. Through successful participation in a series of UK licensing rounds, they have built a portfolio that includes third party verified contingent resources, ready to drill prospects and exploration leads. In a short time, Hurricane has achieved a great deal. During 2009 and 2010, the average size of oil discovery within the UK Continental Shelf was 20-23 million barrels. In the same period, Hurricane discovered around 200 million barrels, twice. This is not just the company’s opinion—these figures are from their independently produced Competent Person's Report. They currently have 450 million barrels of 2C Contingent Resources on acreage they control 100 percent. Since inception, Hurricane has identified basement prospects, discovered oil and, most importantly, validated their model for basement exploration. They are excited by the potential of what they have already found, but there is more to come.

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