Orcadian Energy Plc (GB:ORCA) has released an update.
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Orcadian Energy Plc has successfully entered into binding licence agreements for three new licences, significantly boosting its resource base with the inclusion of a gas discovery, shallow gas prospects, and a heavy oil discovery. The company’s strategy is focused on exploiting complex hydrocarbons like gas and viscous oil using innovative technologies, including polymer flood technology and geothermal heat, to deliver near-zero emissions power and drive shareholder value. These developments underscore Orcadian’s transition from a single-focus to a multi-project company, aimed at enhancing energy security and reducing emissions in line with the UK’s clean energy goals.
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