Orcadian Energy (ORCA) - "Biggest UKCS Focused O&G IPO on AIM Ever"

Orcadian Energy was established in early 2014 by petroleum engineers and geologists. The company has four licences, three of which lie 150km due East of Aberdeen and just West of the Gannet field and the Anasuria and Triton FPSOs, in an area known as the Western Platform. These licences are rich in resources and highly prospective, sixteen of seventeen wells (and sidetracks) drilled on our blocks have encountered oil. Take a look through the history page to see when (and with which rig) all those wells were drilled.

Orcadian has focussed on viscous oil development opportunities in the Central North Sea. We know the UKCS well and the OGA is a consistent and reliable regulator. Water depths in our core acreage are relatively shallow at c. 80-90 metres and the reservoirs are also not very deep at only c. 800 metres, so wells can be drilled on wellhead platforms, with dry trees, from a typical North Sea jack-up rig. These conditions combine to minimise well cost thus enabling tight development well spacings, which are the key to a successful and profitable polymer flood approach.