News Oil & Gas

Orcadian shareholders back Pilot farm-out

Posted on Author editorial Comment(1)

Orcadian Energy plc shareholders today approved the $3.1 million farm-out of its Pilot oil field to Ping Petroleum UK plc.

The conditional transaction for central North Sea licence P2244 with the Malaysian company was signed in December 2023.

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Arkle swings to a loss in a ‘good exploration year’

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Ascent NED Ewen Ainsworth to leave

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Ascent Resources plc non-executive director Ewen Ainsworth will step down from 28 February 2022. Mr Ainsworth has accepted a full-time executive position elsewhere. 

One Reply to “Orcadian shareholders back Pilot farm-out”

  1. Pingback: Orcadian awarded two central North Sea licences in partnerships - Extractive Industries

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