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UK: Orcadian Energy announces proposed placing to raise approx. GBP 0.5m

AIM-listed Orcadian Energy has announced its intention to raise gross proceeds of approx. ยฃ0.5 million by means of a placing of new Ordinary Shares to certain institutional and other investors. Net proceeds will be applied to fund progress towards the Pilot Licence Field Development Plan, Licence fees and or general working capital purposes.
United Kingdom City Of Orcadian Energy London Stock Exchange Alisanos Geoscience Directors Of The Company

UK: UKOG provides update on PEDL234 Loxley gas discovery

UK Oil & Gas (UKOG) has announced that the North Sea Transition Authority (NSTA) has granted its consent to a modified PEDL234 Retention Area work programme. The revision will permit the Company to focus licence activities entirely upon the acceleration of the planned appraisal campaign of its material 100%-owned Loxley gas discovery.
United Kingdom North Sea Oceans General United Kingdom Oil Gas Field Development Plan Sea Transition Authority

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