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 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 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.
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.
