July 1, 2019 / 3:22 PM / 15 days ago

BUZZ-Hurricane Energy: Shares plunge as co abandons Warwick Deep well

** Shares of the UK-based oil and gas company were down 17.3% at 43.38 pence

** Co says it plans to plug and abandon Warwick Deep well as oil production at the well was “not at commercial rates”

** Co says it will move the rig to drill the Lincoln Crestal well, the second of a three-well programme for the Greater Warwick Area

** Brokerage WH Ireland cuts PT on stock to 107 pence from 119 pence to reflect zero-value for Warwick in its PT (Reporting by Justin George Varghese in Bengaluru)

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