We are increasing our fair value estimate for Orcadian Energy to 260p from 115p to reflect i) a change in our long-term oil price assumption to $100/b from $75/b, ii) the economic impact of the newly announced Energy Profits Levy, and iii) that we believe that the prospects of securing a farmout to develop the Pilot field have been positively transformed due to the extremely significant tax advantages (for UK oil & gas tax paying entities) resulting from investing in UK oil & gas projects under ....
01 Jun 2022
WH Ireland: Orcadian Energy (ORCA) - Significant Increase to Fair Value Estimate
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WH Ireland: Orcadian Energy (ORCA) - Significant Increase to Fair Value Estimate
Orcadian Energy Plc (ORCA:LON) | 11.6 0 0.0% | Mkt Cap: 9.18m
- Published:
01 Jun 2022 -
Author:
Brendan Long -
Pages:
6
We are increasing our fair value estimate for Orcadian Energy to 260p from 115p to reflect i) a change in our long-term oil price assumption to $100/b from $75/b, ii) the economic impact of the newly announced Energy Profits Levy, and iii) that we believe that the prospects of securing a farmout to develop the Pilot field have been positively transformed due to the extremely significant tax advantages (for UK oil & gas tax paying entities) resulting from investing in UK oil & gas projects under ....