Orcadian Energy plc’s proposed sale and farm-out of interests in sub-areas of licence P2320 have terminated after the industry regulator refused a second extension. NSTA The company said that following extensive discussions, the North Sea Transition Authority (NSTA) had refused to extend Phase A of P2320, causing the licence to expire on 14 May 2023. […]
Tag: Carrick Resources Ltd
Orcadian signs farm-out for Carra prospect
Orcadian Energy plc has signed a farm-out agreement with Carrick Resources Ltd for a sub-area of licence P2320 which covers the Carra prospect, west of Aberdeen in the North Sea. TERMS The company will transfer the Carra interest to Carrick on completion of certain work milestones, not cash consideration. Carrick will review existing data, […]