4th Aug 2021 20:33
Orcadian Energy PLC - North Sea-focused oil and gas development company - Says it has licensed a 3D seismic dataset, covering the company's Pilot and Blakeney discoveries and the Bowhead prospect within block 21/27, from TGS in the North Sea. The dataset received was shot during 2011 and 2012 and was reprocessed to focus on the Tay discoveries and prospects during 2018 and 2019. Says directors believe this newly reprocessed survey has the potential to provide improved imaging of the Tay sands and the seismic attributes may provide valuable indications about potential fluid fill of those sands.
Current stock price: 36 pence, down 10% from July 15 IPO price of 40p
By Arvind Bhunjun; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Orcadian Engy