Hurricane has inked a 50% farmin deal for Spirit to move into the Lincoln (P.1368 South) and Warwick (P.2294) licences, aka the Greater Warwick Area. FID on phase 1 of a full field devt is expected by 2021, and Spirit Energy will ultimately take on GWA operatorship following Â drilling during 2019 + 2020. Spirit has committed up to USD 387 MM in carry.   Drilling plans include drilling of 3 explo + apprâs in the Lincoln discovery area and exploration of the Warwick prospect, Hurricane carried. A contract has been signed for use of the Transocean Leader SS for the 2019 campaign starting 1Q.   Hurricane otherwise retains full ownership of the remainder of portfolio including Lancaster. Full release from Hurricane.
Spirit has agreed to acquire 50% interest in the offshore Greater Warwick Area (GWA)