Shares in Hurricane Energy slid on Monday despite the company confirming oil at a field west of Shetland.
Drilling has begun on Warwick West, the third in a three well campaign west of Shetland for Hurricane Energy and partner Spirit Energy.
Exploration firm Hurricane Energy has officially confirmed the discovery of "light oil" at its West of Shetland Lincoln Crestal well.
Hurricane Energy has announced its highly anticipated Warwick Deep well has not encountered commercial rates of oil and gas.
After weeks of delays, the Transocean Leader rig is now heading to the Greater Warwick Area (GWA) west of Shetland for Spirit Energy.
Spirit Energy’s three-well drilling campaign at the Greater Warwick Area west of Shetland has been knocked back by weeks.