Member Info for StavroBlofeld

Plus shareholders may not need to vote until the NSTA consents to Orcadian’s submission, which needs to be in before 30 November 2023. So unfortunately, it may be down-to-the wire and the RNS may be released on the 29th.

Unfortunately it will just take as long as it takes, but we're at the backend of the stipulated period.

Remember we needed to wait for the NSTA to agree to the extension of the second term of licence P2244; to allow the Operator to submit a Field Development Plan and Environmental Statement. Which was granted on the 25/10/23.

Plus we are up about 600% since news broke of the deal, the next up will be once the deal is signed. But there's nothing to say things are not going to plan.

At least we're up at the end of the day/week! Let's hope we've seen the last of the teens.

A strange few days with no news, and a flatline the week before...who thinks an RNS Monday?

The few large 'Unknown' trades (which looked like buys), probably didn't help.

This is because the demand for stock was lower than the demand to sell and so the auction takes this into account with an Uncrossing Trade. Auctions are based on supply and demand and it is this that sets the uncrossing price.

Fear not, it's clear the actual market price was 15% higher today. If positive new lands tomorrow the increase will continue.

More info on UT: https://www.shiftingshares.com/what-is-an-uncrossing-trade/

I think ORCA would have stayed at 18p (seemed like the bottom), until news. Fingers crossed it is news, seems like the brakes are off now though. But definitely would love us to be back to 25p or even 29p by the end of today...maybe a big ask!

I guess this RNS is what we should have first - 'Notice of EGM: Notification of a company's extraordinary general meeting'.

For the shareholder vote: Including everything which has been agreed in the contract and more importantly; who our new dancing partner is!

ORCA tends to go for the morning RNS's. Hopefully the news we've all been waiting for has been released, and us common retail investors will see first thing tomorrow at 7:00AM.

Actually just had a '910' buy...isn't that extremely close to the '911' Market Maker Signal for: - "Pending News / Press Release on the Way" ;)

A few heavier drips in the buy pot this morning...maybe a Friday RNS? (Hopefully worst case; a Monday RNS.)

Maybe you're right. Maybe they'll save that for another day. Although I'd be happy with another 20% added to our carried interest.

Let's hope the proposed partner is taking 'The Elke and Narwhal fields' too. Maybe that's why we're 'to the wire' again. Steve said in the last presentation that the fields were on the table, but not in the proposed contract...yet!

Hopefully a bumper RNS (when it lands!) - Although I'm not sure how much notice they intend to give shareholders now the 14 days have passed. I know it's a formality vote; and no shareholder in their right mind would vote 'no' on the deal...but come-on, let's get signing exec's!

Share price holding - With a positive 'BULLISH HARAMI CROSS' candlestick patten showing for last few days.

For a shareholder vote to happen, news needs to be released this week; the 14th for '14 day notice' - Hopefully they're not planning short notice for shareholders and going 'down to the wire' again.

Stay positive! The NSTA likes ORCA's approaches on reducing their carbon footprint too much, for this deal not to be signed, sealed and delivered.

Great week ahead!

Showing positive signs for Monday!

https://www.britishbulls.com/SignalList.aspx?lang=en&Country=uk&MarketSymbol=LSE

Interesting read about 'The Orcadian consortium':

https://orcadian.energy/wp-content/uploads/2022/05/Electrification-White-Paper.pdf

Relax - You only lose if you sell now. (News is on the horizon.)

On 15/09/23 (the last trading day before the RNS about the deal on the 18/09/23), there were only 3 trades. (The share price was about 35% down over the course of a few weeks at this point.)

On the morning of 18/09/23 there were 75 (out of hours) trades before the market even opened at 8:00AM - (The price rose from 3.7p to 6.8p before retail investors could even start their trades.)

The downward trend with ORCA at the moment, is because some retail investors have probably thought the deal would have been signed more quickly. So day-by-day they take out their money and move it elsewhere, or to pay bills. There's not enough trades to keep it up until solid news hits.

Remember this is still currently a junior share, in a company not currently making money. Retail investors can quickly get caught out, if they think they can get back in when the signed deal RNS lands...it'll be way too late to buy back in at current share prices! (Patience is key here.)

Christmas 2023 will be very nice for those who already have an stake in ORCA - Hold for another week; news has to be on the horizon.

AIM Rule 15

Pursuant to AIM Rule 15, the disposal outlined in the 18/09/23 announcement, if it was to complete, would be treated under the AIM Rules as a fundamental change of business. Accordingly, any disposal would be conditional on the consent of shareholders being given in a general meeting and accompanied by both a notification and the publication of a circular containing details of the disposal and convening the requisite meeting.

For the 'Farm-Out' to complete, shareholders would need 14 days notice for a vote. So surely - The 14th has to be the last possible day for a decision and RNS on the signed contract. (If ORCA intends to submit for approval to the NSTA at the last possible moment; the 29th, the day after the vote and just before the 'Two Year Pilot Licence Extension' 30th deadline.)

So surely five more full trading days for people to buy in before the next rise...surely? (I know Steve love 'surely')

In the RNS (25/10/23) - Steve Brown, Orcadian's CEO, said:

"We are delighted that the NSTA provided such a prompt response to our licence extension request, and we are working diligently on the necessary documentation so that we can progress this deal as quickly as possible."

This won't be a last minute email being sent on the 30th - I'm guessing most admin was completed while they waited for the NSTA to extend the licence. Now they have, I think we'll know about a signed deal within the next week or two.

The share price jumped from 2p to 20p+ on news of the deal - Only the signed deal confirmation will raise it substantially.

£2 a share...easily! (I'm not saying instantly on news, but especially given the oil price is likely to stay around $90/$100 for the foreseeable future).

A quote from that link:

"Another innovation that has been helpful to institutions as well as fast traders is the introduction of dark pools of liquidity. These enable big players to work large orders into the market without showing their hand. A large order can get filled without the offer price moving too much against the bidder. As destinations that compete for business and order flow, stock exchanges have been keen to keep pace with demand for these innovations. The LSE has partnered with large market participants to introduce the Turquoise exchange, which facilitates demand from institutional investors for dark pool liquidity."