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Crystal Amber

North Sea

Hurricane delivers boost for Crystal Amber

One of the institutional investors backing oil firm Hurricane Energy said yesterday it had received a £17.9 million boost from the North Sea oil firm’s “year of great achievement”.

Oil & Gas

Activist investor sees £17bn potential in North Sea explorer

Activist investor Crystal Amber has been building its stake in a North Sea business it expects could be worth £17billion. The Guernsey-based fund now owns 12% in Hurricane Energy which is closing in on a farm-in deal that could start to unlock 400million barrels of oil and “breath life” into the North Sea. Hurricane was founded in 2005 by Dr Robert Trice, a specialist in an unusual hydrocarbon geology known as “fractured basement reservoirs”.