Today's Oil and Gas Update: Union Jack Oil, Arrow Exploration, and more...
- ByProactive Investors
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Orcadian Energy PLC is a United Kingdom-based oil and gas development company. The Company is primarily engaged in the evaluation and management of oil and gas assets. The Company is focused on viscous oil development opportunities in the Central North Sea. The Company has four licenses, three of which are located approximately 150-kilometer East of Aberdeen and West of the Gannet field. Its licenses include P2244, P2482, P2320 and P2516. P2244 contains the Pilot Main, Pilot South and Harbor discoveries. P2482 contains the Elke and Narwhal Fields. P2320 contains the Blakeney, Feugh, Dandy and Crinan Fields, as well as the Bowhead prospect and extensions of the Pilot field in the form of channels running in from the West. P2516 contains the Fynn - Beauly and Fynn - Andrew discoveries. The Company’s wholly owned subsidiary is Orcadian Energy (CNS) Ltd.