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Cantor Fitzgerald's Sam Wahab on Hurricane Energy's 'very significant' $520mln fundraise

Published: 07:26 03 Jul 2017 EDT

Cantor Fitzgerald analyst Sam Wahab discusses with Proactive Hurricane Energy Plc's (LON:HUR) US$520mln fundraise - which comprises a US$300mln share placing and US$220mln convertible bond.

Wahab says the new capital will help them move closer to producing from the large, undeveloped Lancaster oil field, in the West of Shetland region.

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