Orcadian Energy plc has provisionally agreed to a 50% farm-out for $2.2 million of a sub-area of the licence P2680, including the Earlham and Orwell prospects, in the southern North Sea. DEBT Purchaser Marine Low Carbon Power Company Ltd, owned by IPCNWE and Richmond Offshore Energy Ltd, will become the operator on regulatory approval of […]
Tag: Earlham licence P2680
Orcadian acquires HALO shares
Orcadian Energy plc has acquired for an undisclosed sum all of the ordinary shares of Hague and London Oil Offshore UK Ltd from the joint liquidators of Hague and London Oil plc (HALO). LOSSES HALO previously held a number of licences across the southern North Sea, including “participation” in wells on Pegasus and Andromeda and […]
Orcadian signs binding deals for three licences
Orcadian Energy plc said it was no longer a “one-trick pony” after entering into binding agreements for all three licences awarded in the 33rd licensing round. TECHNOLOGY The company is administrator and 100% holder of the southern North Sea Earlham licence P2680 containing an existing discovery, an undrilled prospect and a redevelopment opportunity Mid North Sea […]