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.
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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 Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company, announces that at the Company’s General Meeting and Annual General Meeting held earlier today that all of the resolutions proposed in the Notice of Meeting were duly passed by a poll vote.
Further to the announcement of 7 December 2023, Orcadian is pleased to confirm it has now dispatched a circular, to convene a general meeting of the Company, in order to seek shareholders’ approval for the proposed disposal of a 81.25% interest in Licence P2244 to Ping Petroleum UK plc, (the “Disposal”) (the “Circular”).
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,
