The arrival of Aoka Mizu in the choppy waters north of Scotland cheered investors in Hurricane Energy late last year. After a few false starts, the oil and gas processing and storage ship was hooked up to Hurricane’s Lancaster field in late March.
The AIM stock Hurricane is reaching the stage where it needs to prove itself. Will its maverick boss Robert Trice confound the doubters and strike big oil, boosting the flagging North Sea industry in the process? Or will he go the way of plenty of AIM dreamers before him and fizzle out?
There are plenty of reasons to be sceptical. Trice, an industry veteran with 30 years’ experience, founded Hurricane in his garden shed in 2005.
He is trying to do something