Orcadian Energy is pleased to announce that the Company has acquired all of the ordinary shares of HALO Offshore UK Limited (“HALO”) from the joint liquidators of Hague and London Oil plc (in liquidation).

HALO has held a number of licences across the Southern North Sea, including participation in wells on Pegasus and Andromeda. Most recently, HALO held a licence over the depleted Schooner field. HALO does not currently hold any licences.

About Orcadian Energy

Orcadian (AIM:ORCA) is a North Sea focused, low emissions, oil and gas exploration and development company. Orcadian may be a small operator, but it is also nimble, and the Directors believe it has grasped opportunities that have eluded some of the much bigger companies. As we strike a balance between Net Zero and a sustainable energy supply, Orcadian intends to play its part to minimise the cost of Net Zero and to deliver reliable energy to the UK.