Orcadian Energy announced today that it has entered an agreement to gain access to 2,070 square kilometres of high quality 3D seismic data from TGS covering, in essence, the entirety of the company's core assets, inclusive of the Pilot field. In return, Orcadian Energy will award TGS a 1% royalty on the assets covered by the seismic data.
15 Jun 2022
WH Ireland: Orcadian Energy (ORCA) - Seismic Transaction
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WH Ireland: Orcadian Energy (ORCA) - Seismic Transaction
Orcadian Energy Plc (ORCA:LON) | 10.9 0 0.0% | Mkt Cap: 8.59m
- Published:
15 Jun 2022 -
Author:
Brendan Long -
Pages:
5
Orcadian Energy announced today that it has entered an agreement to gain access to 2,070 square kilometres of high quality 3D seismic data from TGS covering, in essence, the entirety of the company's core assets, inclusive of the Pilot field. In return, Orcadian Energy will award TGS a 1% royalty on the assets covered by the seismic data.