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 a six-month lock-in agreement has been signed in respect of 7,049,695 ordinary shares held in the Company by former director of the Company, Greg Harding and his wife, Nora Harding (representing 9.35% of the issued share capital of the Company)
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 Energy plc is pleased to announce that Stephen Brown (CEO) will provide a live presentation relating to the Pilot Farm-out via Investor Meet Company on 20th Sep 2023 at 12:30pm BST.
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 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 September 2023.
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