Orcadian Energy (AIM:ORCA) announces that, further to the announcements on 22 May 2024 13 June 2024, and 1 July 2024, the funds expected from the industry partner by today have not yet arrived. The industry partner remains engaged in seeking a funding solution.
Orcadian Energy (AIM:ORCA) is pleased to announce that, further to the announcements on 22 May 2024 and 13 June 2024, Shell International Trading and Shipping Company Limited (“STASCO”) has agreed an extension to the repayment date to 5 July 2024.
Orcadian Energy (AIM:ORCA) is pleased to announce that it has entered into a secured long term loan agreement with an industry partner (the “Partner”). The Partner has agreed to loan Orcadian up to £1,150,000 for a period of two years.
Orcadian Energy (AIM:ORCA) is pleased to announce that it has agreed a non-binding Heads of Agreement (“HoA”) with a potential farm-in partner (the “Partner”) on its recently awarded SNS Licence.
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 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.
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.
© 2014-21, Orcadian Energy PLC, Unauthorised use and/or duplication of this material without express and written permission is strictly prohibited.
Excerpts and links may be used, provided that full and clear credit is given to Orcadian Energy PLC with appropriate and specific direction to the original content.
