Orcadian Energy plc is pleased to announce that Stephen Brown (CEO) will provide a live presentation via Investor Meet Company on 10 Apr 2024, 12:00 BST.
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Orcadian Energy (AIM: ORCA) is delighted to announce the completion of the previously announced farm-out of an 81.25% interest in licence P2244, which contains the Pilot field, to Ping Petroleum UK plc (“Ping”). Ping is focused on shallow water offshore production and development opportunities and has a significant acreage holding to the East of Pilot. This means that Orcadian Energy retains an 18.75% interest in the Pilot field development, fully carried to the first offload of oil produced from the field. Orcadian has no requirement to fund the pre-production development project work programme.
Orcadian Energy (AIM: ORCA) is pleased to announce the appointment of Zeus Capital Limited as Nominated Adviser and Joint Broker to the Company, and Novum Securities Limited as Joint Broker to the Company, both with immediate effect.
Orcadian Energy plc is pleased to advise that its subsidiary, Orcadian Energy (CNS) Ltd (“Orcadian CNS”) yesterday executed an agreement to amend the repayment date in its secured facility agreement with Shell International Trading and Shipping Company Limited (“STASCO”).
Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is pleased to announce its unaudited results for the six months ended 31 December 2023.
Orcadian Energy is delighted to report that NSTA has announced the offer of a further tranche of licence awards in the 33rd Round. NSTA has confirmed, in an announcement dated 31 January 2024, that Orcadian Energy will be offered two licences in the Central North Sea (“CNS”) one in partnership with Parkmead Group, and the other in partnership with Triangle Energy. Orcadian anticipates that these licences will be formally issued within the next three months.
Orcadian is pleased to announce that it has today raised gross proceeds of £500,000 through the issue of 3,571,429 new ordinary shares of the Company (the “New Ordinary Shares”) at a price per New Ordinary Share of £0.14.
Orcadian is pleased to note the recent press release from the Government of the United Kingdom that they intend to legislate to require the North Sea Transition Authority (NSTA) to invite applications for new oil and gas production licenses on an annual basis,
Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce its audited results for the twelve months ended 30 June 2023.
Orcadian is pleased to confirm it has executed a conditional Sale and Purchase Agreement (“SPA”) with Ping Petroleum UK plc (“Ping”) for the farm-out of an 81.25% interest in the Company’s flagship asset, the Pilot Development project (Licence P2244) (the “Transaction”)
Further to the announcements of 18 September 2023 and 25 October 2023 the Company provides the following update on its potential farm-out of its flagship asset the Pilot development project (Licence P2244). The Company has today agreed with the potential operator (the “Operator”) a seven day extension, from 30 November 2023 until 7 December 2023 (the “New Deadline”) for the Operator to execute definitive documentation for an overall farm out deal.
Orcadian is pleased to note the recent press release from the Government of the United Kingdom that they intend to legislate to require the North Sea Transition Authority (NSTA) to invite applications for new oil and gas production licenses on an annual basis,
Orcadian is pleased to announce that the North Sea Transition Authority (NSTA) has confirmed to the Company that the NSTA is prepared to agree an extension to the Second Term of Licence P2244,
Orcadian is pleased to announce that it has today raised gross proceeds of £350,000 through the issue of 2,916,666 new ordinary shares of the Company (the “New Ordinary Shares”) at a price per New Ordinary Share of £0.12.
Orcadian has entered into a non-binding Heads of Agreement (“HoA”) with a North Sea operator (the “Operator”), which details a potential farm-out of the Pilot development project.
Orcadian Energy plc is pleased to advise that yesterday its subsidiary, Orcadian Energy (CNS) Ltd (“Orcadian CNS”), executed an agreement to amend the repayment date in its secured, facility agreement with Shell International Trading and Shipping Company Limited (“STASCO”). The repayment date of the Loan has now been extended to 13 March 2024.
Orcadian announces that following extensive discussions with the North Sea Transition Authority (“NSTA”) that the NSTA has declined Orcadian’s request to extend Phase A of Licence P2320 (the “Licence” or “P2320”). As a consequence the Licence determined (expired) on 14 May 2023.
Completed a revision of the technical resources on Pilot which resulted in an 18.4% upgrade to the P50 case
Entered into a Memorandum of Understanding with SLB (formerly Schlumberger) for the exclusive provision of drilling and completion services and equipment for the Pilot project
Progressed the reprocessing of the Catcher North seismic survey with TGS and started quantitative interpretation work
Prepared 33rd Round applications (submitted 12 January 2023) which included a 114 bcf gas discovery and a 153 bcf near drill-ready prospect.
Identified two new low-risk exploration prospects with P50 prospective resources of 120 MMbbl and 70 MMbbl (after the reporting period)
Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company, is pleased to provide an update of its applications in the 33rd Offshore Licensing Round (“the 33rd Round”) which closed last week.
Orcadian has entered into a non-binding Heads of Agreement (“HoA”) with Rapid Oil Production Ltd (“Rapid”) to dispose of its interests in the Company’s non-core Crinan and Dandy
