Business
Change of Nominated Adviser and Broker
Change of Nominated Adviser and Broker.
About this update from Orcadian Energy Plc
[{"type":"text","content":"\n\n\n18 March 2024\nOrcadian Energy plc\n(\"Orcadian Energy\", \"Orcadian\" or the \"Company\")\nChange of Nominated Adviser and Broker\nOrcadian Energy (AIM: ORCA) is pleased to announce the appointment of Zeus Capital Limited as Nominated Adviser and Joint Broker to the Company, and Novum Securities Limited as Joint Broker to the Company, both with immediate effect.\nFor further information on the Company please visit the Company's website: https://orcadian.energy\n \nContact:\n \n\n\n\n\nOrcadian Energy plc\n\n\n+ 44 20 7920 3150\n\n\n \n\n\n\n\nSteve Brown, CEO\nAlan Hume, CFO\n\n\n\n\n\n \n\n\n\n\nZeus (Nomad and Joint Broker)\n\n\n+44 20 3829 5000\n\n\n\n\nDan Bate / Alex Campbell-Harris (Investment Banking)\nSimon Johnson (Corporate Broking)\n\n\n\n\n\n \n\n\n\n\nNovum (Joint Broker)\n\n\n+44 207 399 9425\n\n\n\n\nColin Rowbury / Jon Belliss\n\n\n\n\n\n\n\nTavistock (PR)\n\n\n+ 44 20 7920 3150\n\n\n \n\n\n\n\nNick Elwes / Simon Hudson\n\n\[email protected]\n\n\n \n\n\n\n\n \n\n\n \nAbout Orcadian Energy\nOrcadian is a North Sea focused, low emissions, oil and gas development company. In planning its Pilot development, Orcadian has selected wind power to transform oil production into a cleaner and greener process. The Pilot project is moving towards approval and will be amongst the lowest carbon emitting oil production facilities in the world, despite being a viscous crude. Orcadian may be a small operator, but it is also nimble, and the Directors believe it has grasped opportunities that have eluded some of the much bigger companies. As we strike a balance between Net Zero and a sustainable energy supply, Orcadian intends to play its part to minimise the cost of Net Zero and to deliver reliable energy to the UK.\nOrcadian Energy (CNS) Ltd, Orcadian's operating subsidiary, was founded in 2014 and is the sole licensee of P2244, which contains 78.0 MMbbl of 2P Reserves in the Pilot discovery, and of P2482, which contain a further 52.2 MMbbl of 2C Contingent Resources in the Elke and Narwhal discoveries (as audited by Sproule, with both numbers modified to take into account the TGS royalty, see the CPR in the Company's Admission Document for more details). Within these licences there are also 118 MMbbl of unrisked Prospective Resources (modified for TGS royalty). These lic...