Finance News Oil & Gas

Orcadian issues 781,634 shares

Orcadian Energy plc has issued 781,634 ordinary shares, which settles £100,000 of the face value convertible loan amount from December 2025.  TVRs Following the conversion, a total of £352,500 face value CLNs remains outstanding. On admission, the company’s voting rights will be 79,986,977 ordinary shares. Orcadian holds UK North Sea oil interests which include the Pilot field, Elke […]

News Oil & Gas

Orcadian plans offshore power station for Earlham

Orcadian Energy plc has started an assessment for a potential offshore power station to develop the Earlham and Orwell gas fields, within P2680, in the southern UK North Sea. DATA CENTRE The power station would capture carbon dioxide for reinjection into the Earlham reservoir to “boost pressure and recovery”. Generated low-carbon power would also supply […]

News Oil & Gas

Orcadian given more time for Narwhal seismic

Orcadian Energy plc has secured more time to gather new 3D seismic data on the Narwhal field on licence P2482, east of Aberdeen in the central North Sea. HUB The phase B work on the licence, which also contains the Elke discovery, is now extended until 14 July 2027. Energy data firm TGS will shoot […]