Orcadian Energy Plc (GB:ORCA) has released an update.
Orcadian Energy Plc has secured a £1,150,000 two-year loan from an industry partner to repay an existing loan with Shell International Trading and Shipping Company Limited, with the new loan backed by an interest in the Pilot field. The company, specializing in low-emission oil and gas development, is adapting innovative methods like polymer flooding and wind power to establish greener production processes. Orcadian maintains significant interests in various North Sea licenses, including a 100% stake in a Southern North Sea license containing the Earlham gas discovery.
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