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.
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.
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