Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, Troaj was still in his underpants ( he probably still is
Could have been 1996/7
I think it was about 1998
I bought Orange when they metamorphosed from Hutchinson Communications, one of my better efforts
Sweet home Alabama, a year later a fateful airplane crash
This is high risk only for those that can take the loss without it impacting their finances to much.
Could wake up tomorrow and find this suspended with no direction home.
Sincere good luck to those holding.
No problem muchaboutmoney, it shot to 20p on that intraday spike last September then hung around the 14/15 range so there is nothing between that, all I can say is its looking interesting Good luck.
Never my intention to cause worry to anyone genuine mistake, life is to short for that.
Worry is like a rocking horse, it gets you nowhere
Really mrc do you have nothing better to do with your time than patrol this board ?
Ready to throw rotten fruit on any post that has anything positive to say.
It's a nice day out there
Why not take a look.
Why 16p ? The next level of resistance from a chartist opinion is 20p, not saying it will do it just that 16p offers little support, must take a look at the tea leaf formation too.
Yes Crusty, it dawned on me after I posted.
Orcadian Energy plc
("Orcadian Energy", "Orcadian" or the "Company")
Determination of Licence P2320
Orcadian announces that following extensive discussions with the North Sea Transition Authority ("NSTA") that the NSTA has declined Orcadian's request to extend Phase A of Licence P2320 (the "Licence" or "P2320"). As a consequence the Licence determined (expired) on 14 May 2023. In addition, the potential disposals of interests in sub-areas of the licence to Rapid Oil (see announcement dated 11 January 2023) and Carrick Resources (see announcement dated 3 August 2022) will not now proceed.
Orcadian has been in farm-out discussions with multiple counterparties regarding the drilling of an exploration well within the former P2320 licence area. A number of those companies have agreed non-compete arrangements with Orcadian which should ensure that any reapplication for a licence over the same area, by any of those companies, would be made in partnership with Orcadian.
The P2320 licence contained the Blakeney discovery which had 2C Resources of 25 MMbbl and which represented only about 0.5% of the combined Pilot, Elke, Narwhal and Blakeney development project NPV evaluated in the Competent Person's Report (set out in the Company's Admission Document), assuming a $60/bbl oil price. The Licence also contained the Feugh, Dandy and Crinan discoveries, and the Bowhead and Carra prospects.
Orcadian intends to make an out-of-round application for a new licence covering the extensions of the Pilot field into the P2320 area, the Blakeney and Feugh discoveries, and the prospects identified using the TGS seismic data and Quantitative Interpretation products. Further updates on this will be provided in due course, but it is anticipated that this process could take up to six months.
Licence P2244 (the Pilot field) remains the Company's key asset and key focus; and the Company's interest in this licence is unaffected by the NSTA decision on Licence P2320.
As previously announced to the market, the Company needs to raise new funds in the short term for working capital and to repay the loan facility with Shell of c. £1m. However, the Company has initiated a series of cost cutting measures and is continuing positive discussions with potential investors in the Company. Further updates will be provided in due course.
Steve Brown, Orcadian's CEO, commented:
"Whilst we obviously would have preferred that NSTA had extended Phase A of P2320, we are pleased to have progressed discussions on the prospects we had identified in the area with multiple potential partners, who have been willing to agree non-compete arrangements with us. We are determined to catalyse the drilling of the prospects we have identified and to deliver on our Central Obligation to Maximise Economic Recovery from the UKCS whilst continuing to minimise the potential emissions from any future development."
Thing's looking pretty dire at Orca this morning
Wasn't Prossy touting that ?
Lol
So total collapse for ARA and AEX also, mystic Meg?
Don't worry
Be happy😂
Your inconsistencies are pathetic
Better thing's to do.
Can't mow because it's too wet, shares are boring
Suppose I could go and help Langtro shoot a few sea eagles on his quad bike.
Just to add, Ruvuma was more than Scir could cope with and relinquishment was inevitable and should be given away ASAP.
Those words seem to come to mind and now would be a valuable asset
It was not a big thing I was just pointing out the volatility we would be suffering had the deal gone ahead but it's all water under the bridge anyway