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 2024.
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Orcadian Energy (AIM:ORCA) is pleased to announce that, the company has agreed to sell 50% of the ordinary shares of HALO Offshore UK Ltd (“HALO”) to The Independent Power Corporation Plc (“IPC”)
Orcadian (AIM:ORCA) is delighted to announce that the Company has agreed to sell a 50% interest in a sub-area of Licence P2680 to The Marine Low Carbon Power Company Ltd (“MLCP”).
Orcadian Energy (AIM:ORCA) is pleased to announce that the Company has acquired all of the ordinary shares of HALO Offshore UK Limited (“HALO”) from the joint liquidators of Hague and London Oil plc (in liquidation).
Orcadian (AIM:ORCA) announces that Shell International Trading and Shipping Company Limited (“Shell”) has confirmed to the Company that it does not intend to take any steps in relation to existing borrowings by the Company under its loan facility with Orcadian (the “Shell Facility”) until 30 September 2024.
Orcadian Energy (AIM: ORCA) is pleased to provide an update on the status of its three licence awards in the 33rdSeaward Licensing Round. Orcadian and the NSTA have now entered into binding licence agreements for all three of its licence awards.
Orcadian (AIM:ORCA) announces that Shell International Trading and Shipping Company Limited (“Shell”) has confirmed to the Company that it does not intend to take any steps in relation to existing borrowings by the Company under its loan facility with Orcadian (the “Shell Facility”) until 31 August 2024.
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.
