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Share Name | Share Symbol | Market | Stock Type |
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Orcadian Energy Plc | ORCA | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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8.50 | 8.50 | 13.00 | 8.75 |
Industry Sector |
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OIL & GAS PRODUCERS |
Top Posts |
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Posted at 23/10/2023 08:26 by tomboyb RNS Reach23 October 2023 Orcadian Energy plc ("Orcadian Energy", "Orcadian" or the "Company") Lock-in agreement Orcadian is pleased to announce that a six-month lock-in agreement has been signed in respect of 7,049,695 ordinary shares held in the Company by former director of the Company, Greg Harding and his wife, Nora Harding (representing 9.35% of the issued share capital of the Company) (the "Harding Holding"). The agreement provides that Greg and Nora Harding will not dispose of the Harding Holding for the six month period from 23 October 2023, save in certain limited circumstances. This lock-in was required by a third party who have agreed to acquire the balance of 456,546 Ordinary Shares ("Initial Holding") held by Greg and Nora Harding, pursuant to the terms of an off-market transaction between them. The agreement also provides that if the Orcadian share price exceeds certain price parameters during the lock-in period, the third party will pay a further amount per Ordinary Share for the Initial Holding. Steve Brown, Orcadian's CEO, said: "We are pleased that this agreement has been signed. We believe it demonstrates the belief shown in the work we are doing to progress the Pilot project, and the potentially significant value of our licences. We are working hard to promote the Company and have recently welcomed new investors to the Company. "We look forward to providing updates on the proposed farm-in to the Pilot Project and to the outcome of our applications in the 33rd Offshore Licensing Round." |
Posted at 03/10/2023 10:45 by tomboyb The investor meet was pretty good -Would not surprise me to see 20p+ - |
Posted at 20/9/2023 12:52 by tomboyb Rob -I tell you what - Investor Meet has a recording of all interviews - Listen again - What are you saying there is no equity placing coming at some point? - |
Posted at 20/9/2023 11:15 by ch4p_85 Mcap is £10m? Where did you get £45m from?Looks like the investor presentation is going well. |
Posted at 19/9/2023 09:41 by albo Wow!!! I missed seeing this yesterday but have it firmly in my sights now. Hugely undervalued if they can get the deal signed - and why would they not!! I agree with you ch4p.I see they are doing an Investor With Company thing live tomorrow. I'm going to sign up for that one. Should get more color from the horses mouth rather than the NOMAD grey of the RNS. |
Posted at 15/5/2023 20:58 by macc1 orcadian got a good mention in a recent interactive investor video here: |
Posted at 30/3/2023 07:55 by euclid5 The impact on Orcadian is clear, we will focus on attracting UK producing and tax paying companies as partners in, or new owners for, the Pilot development. We do have another approach to financing the development, which is to find investors willing to furnish the required facilities in return for a tariff or day rate.This infrastructure financing arrangement could create a very attractive project for investors, and we are now preparing to engage with specific funding and contracting parties based in the Middle East. |
Posted at 30/3/2023 07:53 by euclid5 Our absolute focus is to find a farm-in partner or a new owner for Pilot and our intention is to elicit offers during 2Q and 3Q of 2023 so that a new operator can take the project forward; a project which will help deliver a secure transition for the UKCS.We are in active discussions with potential new investors as Orcadian needs additional working capital to secure the best deal for shareholders on Pilot. Those discussions have been buoyed by the identification of two new prospects on our licences which have been illuminated by the quantitative interpretation work done for us by TGS. These prospects are likely to contain a lighter oil than seen on Pilot and have a very high chance of success as well as a relatively low cost to drill. We will update shareholders on these discussions as soon as possible." The Company's flagship project Pilot has the potential to be a leading-edge, low-carbon development and we estimate emissions can be as low as 2.6 kgCO2e/bbl, against a North Sea average of 25 kgCO2e/bbl. |
Posted at 29/11/2022 18:34 by sigma3333 hxxps://www.energyvoJust a matter of time until the penny drops. siggy |
Posted at 15/5/2022 21:05 by melloteam Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF) Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies Just to let shareholders and prospective investors know that ORCADIAN ENERGY will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams. Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50. For more information, please visit the event webpage: |
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