Member Info for Nuggietar

From the BBC today;

“Miliband pushed back against calls to change tack on net zero, arguing the UK needed to get off the "fossil fuel rollercoaster".

"We've got to have clean, homegrown power that we control," he said. "That's the biggest long-term lesson of this crisis."

Some energy companies and industrialists have argued that the response to the current oil price shock should be to allow further exploration and production in the North Sea.

Miliband said that the "right answer" for energy security as well as for tackling climate change was the government's current strategy, to continue to produce oil and gas from currently operating fields, but not to permit new ones.

"New exploration licences in the North Sea, which some people are calling for, will not take a penny off people's bills," he said.”

Excerpt From

“Oil price profiteering will not be tolerated, says Miliband”

BBC News

Aker ASA confirmed it would commit $285 million in cash and land, securing a 9.3% stake in Nscale. This contribution formed part of the $1.1 billion package…

Although Nscale declined to disclose final terms, the deal implies a valuation of around $3.1 billion.

Controlled by billionaire Kjell Inge Rokke, Aker has already diversified into industrial AI through its ownership of Cognite, alongside its substantial holdings in Aker BP, Norway’s second-largest oil and gas producer.

https://uk.investing.com/news/stock-market-news/nscale-secures-11b-funding-as-ai-data-centre-race-intensifies-in-uk-norway-4278849

Nscale is making waves with its monumental £2 billion investment aimed at constructing the UK's largest AI data centre in Loughton, Essex. Slated for completion by 2026.

Environmentally, the construction and operation of a vast AI data centre come with considerable energy demands, presenting challenges in sustainable development. The success of Nscale's data centre project will largely depend on its ability to integrate renewable energy solutions and cutting-edge cooling technologies to minimize its environmental footprint.

https://opentools.ai/news/nscale-to-invest-pound2-billion-in-uks-largest-ai-data-centre-in-essex#section37

From the Group of companies' accounts made up to 30 June 2025:

“In our likely partners, The Independent Power Corporation plc ("IPC") and The Marine Low Carbon Power Company Limited ("MICP"), we have found commercial and technical innovation in spades. The scope of the upstream project is now defined. The Earlham project partners will construct a wellhead tower with a metering skid and sell unprocessed gas to the offshore power station; the power station will return almost all the carbon atoms that came out of Earlham (either in the form of carbon dioxide, or as methane, then combusted and captured) at injection pressure to maintain reservoir pressure in Earlham.

Electrical power will be exported South, past the bottleneck in the East Anglian grid, to an identified landfall that will connect into the grid and support data centres under construction around the M25. The data centres will be able to purchase reliable low-carbon electricity, a rarity.

The project is material, but our portion is straightforward and well defined. We continue to work on defining a farm-in arrangement or corporate joint venture arrangement to enable the development of Earlham and the redevelopment of Orwell, and once the terms are pinned down we will make an announcement. This project, which requires no government subsidies, is essential to the fortunes of these planned datacentres so we believe the project will happen.”

I guess the steady but substantial increase in share price lately is leading to this being officially signed.

Brent* obviously!

Https://www.theguardian.com/business/live/2026/jan/29/gold-price-weak-dollar-silver-debasement-trade-markets-business-live-news-updates

To NAV_Mike - The pilot news pushed this well. There was no major sell off immediately after news, but a lot would have been caught out, as this rose another 100% in one day; a week after news broke. But then fell as the weeks and months passed. 29p was the peak then.

See what the gang have to say at the clubhouse today at 1PM

20p paid…can we close on 21p??

Fair warning given last week…the charts don’t lie!

21p+ before news lands…this could be a very big deal for investors in ORCA.

The industry knows how good this data centre deal is. Once news lands I’m sure anyone not in will have regrets. Plus all the news from No10 today, investing is going to have a resurgence with London companies again.

In a healthy uptrend, price does not go straight up. It needs to shake people out, so bigger players can buy without chasing the price higher. I think this is what we’re seeing.

First was the pullback into support:

After the prior rally, price drifts sideways to down between roughly 13–14. This is not weakness — it’s a range where profit-takers sell and late buyers get nervous. Smart money wants the price here because this is where liquidity builds.

Then we saw a liquidity grab (A hammer candle):

The price suddenly dropped intraday, creating a long lower wick. (Sell orders — exactly what large buyers need.) The fact that the price snapped back and closed green tells us; Every one of the sell orders was absorbed by buyers.

Then - (Absorption → imbalance):

Now those sellers are gone, the market is now imbalanced — too many buyers, not enough sellers.

So the trend continuation (A breakout candle):

The next candle exploded upwards because there’s no resistance left inside the range. The big green breakout candle we see to 16+. This was the price discovering a new level after supply was cleared.

If I’m right, this is only going up 21p+ to start. (Fair value for OECA is currently documented at 114p). I think Steve is right - 2026 will be transformable!

From 30/12/25 RNS

“ The CLNs will be transferable but will not be admitted to trading or quoted on any market.”

The P2634 licence was awarded in the 33rd Licencing Round in July 2024 to Parkmead (E&P) Limited, as operator, and Orcadian Energy, and includes the Fynn Beauly heavy oil discovery. Serica acquired the 50% interest in the licence when completing the acquisition of Parkmead (E&P) Limited in April 2025.

The current licence commitment is limited to technical studies to assess the feasibility of reducing Fynn Beauly oil viscosity using enhanced oil recovery techniques. 

The licence is situated in the Outer Moray Firth and comprises blocks 14/15a, 14/20d and 15/11a. Serica (50% interest and operator), together with its joint venture partner Orcadian Energy (50% interest) will leverage expertise gained in developing challenging crudes to work towards commercialisation of Fynn Beauly, one of the UK’s largest undeveloped discoveries. This heavy oil accumulation has been proven by three wells and is estimated to contain oil-in-place of between 740 million and 1.33 billion barrels.

It would be really nice to hear how this is going!

Hopefully thrashing-out an end of year deal for a bumper RNS. Happy Christmas!

Oh

Last few years it’s been a Monday in mid December.

I wonder if shareholders will receive news/confirmation of the joint venture with IPC and MLCP, now we the chancellor has spoken.

I’d say, given the recent increase in ORCA’s share price recently, (almost 90% over the last month). The market is confident that the Chancellor will remove the energy profits levy (EPL) in the Budget…or at least heavily reduce it. I think Wednesday will be a good day for shareholders!

Plus a confidence booster RNS today.

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ORCA, the sentiment is Positive. The current price of 16 is above the 20-day moving average (MA) of 12.40, above the 50-day MA of 10.25, and above the 200-day MA of 10.09, indicating a bullish trend. The MACD of 1.34 indicates Positive momentum. The RSI at 64.37 is Neutral, neither overbought nor oversold. The STOCH value of 30.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ORCA.

https://www.tipranks.com/stocks/gb:orca/stock-analysis?utm_source=msn.com&utm_medium=referral