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Steve Brown

Draft FDP and Farm-out Process Update

By Company & Media news, Announcements

Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that:
the Company has submitted a draft Field Development Plan for the Pilot oilfield to the North Sea Transition Authority (NSTA);a structured farm-out process has been initiated for the Pilot oilfield; new tax regime has transformed economics of North Sea investment for tax-paying companies.

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Mello2022 Investor Conference

By Announcements

Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company is delighted to announce that Steve Brown, CEO, will be presenting at the Mello2022 investor conference on Thursday 26th May 2022, to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY.

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Orcadian Report provides carbon emissions solution for North Sea

By Company & Media news, Announcements

Orcadian Energy (AIM: ORCA), is delighted to present its final report into Central North Sea electrification, which has now been delivered to the North Sea Transition Authority (NSTA, previously known as the Oil and Gas Authority or the OGA) and operators of facilities in the Central North Sea. “Orcadian’s Microgrid Concept” for the electrification of oil and gas platforms aims to dramatically cut carbon emissions, ensuring that the oil and gas that features in our future energy mix is as sustainable as possible.   

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UKCS License P2320 – Phase ‘A’ extension and Resource Update

By Company & Media news, Announcements

Orcadian Energy (AIM:ORCA), the North Sea focused, low emissions, oil and gas development company, is pleased to announce an extension to Phase ‘A’ of Licence P2320 and a resource update.

Highlights:
Phase ‘A’ of Licence P2320 extended to 14th May 2023 with the Initial Term also being extended to 14th November 2024
Company has completed a new interpretation of the recently reprocessed seismic data, licensed from TGS in July 2021
Company estimates that the development area oil-in-place, for Pilot, will increase by about 10% to 15%, compared to the previously estimated and audited volume

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Results for the half year ended 31 December 2021

By Company & Media news, Announcements

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce its unaudited results for the six months ended 31 December 2021.

Activity Focus: 

To improve the technical and commercial definition of the Pilot development project
To finance the Pilot development project
To explore every avenue to maximise the value in our satellite discoveries and prospects
To propose a practical means to electrify the Central North Sea (“CNS”) and to develop a business model enabling Orcadian to benefit from this work

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Transfer of Shareholding

By Announcements

The Company was notified today that on 17 December 2021 Stephen Brown, a director of the Company and his wife, Julia Cane-Honeysett, have transferred their entire holding of ordinary shares in the Company to a third party nominee, Ferlim Nominees Limited, for nil consideration.

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