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Matrix Group Limited

One Vine Street
London
W1J 0AH

Tel: +44 (0) 20 3206 7000

Fax: +44 (0) 20 3206 7001

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Corporate Capital

Hurricane Exploration completes £53.1 million fund-raising and enters into drilling

Matrix Corporate Capital acted as financial adviser, broker and placing agent for a placing for Hurricane Exploration plc (“Hurricane”).

The Placing raised gross proceeds of £53.1 million from an allotment of 8,863,292 new ordinary shares at £6 per share. The net proceeds will be used to fund exploration drilling and testing operations on its existing licence acreage, including the Lancaster basement oil discovery and Whirlwind basement prospect in the West of Shetlands, and to tender for exploration licences during the recently announced 26th offshore licensing round.

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