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Orcadian Energy- Good farm-out and direction of travel: BUY

By Peter Brailey | Tuesday 12 October 2021

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I wrote about Orcadian Energy (ORCA) when it first listed on the AIM market in the summer. It has substantial 2P reserves in the Pilot field and significant 2C in the surrounding acreage. It’s looking to farm out a secondary asset for others to input the time and cost to move it forward, leaving the company to focus on core projects. In my opinion this outline deal is a smart move.

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