Company & Media news

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

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

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce its audited results for the twelve months ended 30 June 2021.

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce that following a competitive process it has been selected by the Oil and Gas Authority (“OGA”) to evaluate an approach to the electrification of North Sea oil and gas platforms which will dramatically cut carbon emissions.

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce that it has received a “Letter of no objection” from the Oil and Gas Authority (“OGA”) in respect of the development concept for the Pilot field.  This letter signals the finalisation of the “Assessment phase” and the entry into the “Authorisation phase” of development planning for the Pilot Field.

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is pleased to announce that the Company has entered into a non-binding Heads of Terms with Carrick Resources Limited (“Carrick”) in respect of a sub-area of Licence P2320 which covers the Carra prospect (“Carra”)

Orcadian Energy (AIM: ORCA), the North Sea focused, oil and gas development company, is pleased to announce that Steve Brown, CEO and Alan Hume, CFO will be presenting at the AJ Bell investor Webinar on Wednesday 8th September 2021.  The Webinar starts at 6pm with the Company presenting live at 7.20pm.