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Finncap’s Dougie Youngson likes what he sees with Hurricane Energy

Friday, November 11, 2016 5:55
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(Before It's News)

Hurricane Energy PLC (LON:HUR) is one of the most exciting development stories in the North Sea today, according to City broker finnCap. Analyst Dougie Youngson tells Proactive: ”The key excitement is that it’s a junior oil stock listed on AIM which has successfully raised a lot of money over the last 12 months and is drilling very exciting prospects in the North Sea – a region which people seem to have written-off incorrectly.”
Asked how he sees the stock performing in the months ahead, he said: ”It’s largely dependent on the next two-well programme – if they can prove there’s more resources then the Greater Lancaster area becomes a very critical infrastructure hub in the future. But even if the two wells don’t come up with the goods, Lancaster is still a key project in its own right.”

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