Energy Company of the Year—small cap

Hurricane Energy

In a challenging operating environment, Hurricane Energy has enjoyed an impressive year, thanks largely to an exceptional fundraising period in July. The UK-based company successfully managed to raise $530m in equity and convertible bonds—the largest of a UK-listed E&P company for many years. The proceeds will now help fund the development of the Lancaster field, on the Rona Ridge, to the west of the Shetland Islands. The reserves total 523m barrels—the largest undeveloped oil resource in the UK. Hurricane has pioneered fractured basement exploration in the UK since its founding in 2005. In its short history, the company has notched up a series of impressive finds. Between 2009-10, the a