Orcadian Energy Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Orcadian Energy Plc LSE:ORCA London Ordinary Share GB00BN0TY502 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.00 5.00 4.50 4.50 4.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Crude Petroleum & Natural Gs 0.47 -1.59 -2.50 - 3.26
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.50 GBX

Orcadian Energy (ORCA) Latest News

Orcadian Energy (ORCA) Discussions and Chat

Orcadian Energy Forums and Chat

Date Time Title Posts
15/5/202321:58Orcadian Energy180
29/7/202121:10ORCA "A Whale of a company"1,334
02/1/200723:07Orca 20073
14/10/200410:31Orca, company with a future1

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Posted at 30/3/2023 08:55 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 22/3/2023 13:54 by papillon
free stock charts from uk.advfn.com

ORCA log chart. It's looking awful.

Posted at 01/2/2023 08:57 by candlestick1
5m shares issued at 10p for the placing, but sneakily throw in another 900k shares to pay an invoice - so the actual placing price is around 8p.Expect to see it drop to those levels soon
Posted at 10/1/2023 12:47 by albo
More barrels AND reduced CAPEX!!!!! Can't be bad in breakeven price reduces.....
Posted at 14/12/2022 13:38 by anley
ALBO......so how would you finance the ORCA plans when banks such as HSBC will no longer provide lending or capital markets financing for new oil and gas fields?

Equity + Capital Markets = secured loans etc.

I am not trying to catch you out but the sector is in a strange political position and this needs attention - in my view.

Posted at 14/12/2022 12:03 by anley
BY the way - I think the company owes SHELL so my question is what happens if ORCA can't raise fresh funds?

What would be the position of the business and the licences?

Posted at 14/12/2022 12:00 by anley
ALBO - I do not disagree BUT that is not what the market is telling us hence the share price being what it is.

The problem for me as a former banker is the political risk of the project and the tightness of capital to be tied up inside a Labour government.

ALBO - let me ask you this " Would you finance this project and tie-up a banks capital for more than 10++ years when there are few risk takers around?

Posted at 06/12/2022 17:00 by anley
ALBO........I don't think for one minute that SQZ would be interested in ORCA - its gas to oil and with the 2023 licences being bid for SQZ will go the gas route.

The same goes for PMG where that is what I call a "private" PLC.

What ORCA would like is a bid from someone who wants to get in to oil over the next decade but with this government and Labour in power in 2025 who wants to take on political risks etc.

Sorry if you think I am being a big bad bear but most of the North Sea directors with a quote would deep down like out with a pension.

We just don't think and act like brash US oil men - go drill and raise the capital on the US markets and perhaps that market is shut off now.

Posted at 23/10/2022 11:23 by albo
See comment below from Zak Mir. He obviously sees a bargain at these prices!!!

The North Sea / Orcadian
As a side note to the Baron Oil rise, it may be worth being mindful of another North Sea oil and gas play, whose market cap was this week overtaken by Baron. Indeed, with recent board changes, funding news, and August’s farm-out agreement, one would have thought the stage is set for recovery at Orcadian (ORCA). This would be the case even without the latest moves by the North Sea Transition Authority pushing for more production, obviously in a green way. Of course, the draconian rules regarding green / clean production, are part of the reason that production has fallen and we have a crisis.

Posted at 30/8/2022 07:14 by aimmafia
If you havent looked at #CGO then you really should, 200-300 percent upside very near termCurrent Share Price: 7.5pTarget Share Price: 30p in Q4 when 2nd offtake agreement lands and we are earning $10million a year from 1st offtake.Offtake 1: 10,000 tonnes per month of washed coking coalSale Price: $120 Per TonneRevenue: $14.4 MillionEBITDA: $9.6 MillionReserves: 1.6 Billion tonnes Met Coal / Thermal Coal ( company can run for centuries )Offtake 2: in discussionAlso CGO has its Initial Modular coke Battery due to be installed in Q4 which will create even more revenue and expecting another offtake agreement to land for this also! Production will be up to 40,000 tonnes per year of raw coke with huge margins creating the below figures but I am expecting coke prices to go up even further.Modular coke battery will produce once installedMargin: $300 per tonneEbitda 2022 with module coke battery- $19.5 millionPE of 5: $100m Market Cap aprxPE of 7: $140m Market Cap aprxIn 2023 a further large battery will be installed and adding a further $45million Ebitda per year creating rough market caps of:PE5 $285 million Market Cap 2023PE7 $399 million Market Cap 2023This is obviously excluding value of gold asset and also hugely increased coking coal and coke prices.
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