Hurricane still counting on Kerogen support despite share sale

Hurricane Energy today insisted it had the “continued support” of Kerogen despite the private-equity firm selling about a quarter of its shares in the UK exploration and production company.

London-listed Hurricane said Kerogen was still a major shareholder with a 16% interest and a nominated representative on its board.

Kerogen earlier announced the sale of 110 million ordinary shares at a price of 46.5p each.

Hurricane’s share price was down 5.39% to 47.78p as of 9:50am today.

More to follow.

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Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
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