Fractured basement reservoir specialistHurricane has also lined up a Transocean semi-submersible drilling rig to soon spudan appraisal on its Lancaster oil discovery in the West of Shetland area, havinghad its attempt last summer thwarted.

Hurricane expects to begin trading in theUK capital on 4 February under the ticker “HUR” after raising £49.4 million($81.33 million) in two tranches.

Hurricane sold 41.86 million shares at£0.43