NEW: Shares JUMP as oil is STRUCK in Lincoln in the Greater Warwick Area (west of Shetland) but is NOT NEWS!

© Insider

In Insider yesterday but not anywhere else, not even in BBC Business News:

Hurricane Energy today confirmed speculation that it has struck oil at a well west of Shetland. Shares jumped by more than 8% in early trading after the group said a test on the Lincoln Crestal well in the Greater Warwick area produced oil to the surface, resulting in a flare. The well was shut-in on Sunday to enable a planned pressure build-up test. Since first oil from the Lancaster field in the West of Shetlands area was achieved in June, Hurricane Energy said production has averaged 14,400 barrels of oil per day with 1.2 million barrels of crude oil sold to date. The output was achieved despite flows being held back by Hurricane only being able to use one of two subsea flowlines for much of the period due to operational reasons.

Lincoln, Warwick and Lancaster oil-wells and fields west of Shetland!? Cultural imperialism?

Scottish oil is currently selling at $62.44 per barrel but Eton and Oxbridge pals are conspiring to largely give it away for nothing. See:

Johnson’s Great Scottish Oilfield Cover-up of 2019?

Published by johnrobertson834

Retired Professor of Media Politics Not-for-profit independent political analysis

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