Analyst Price Target is GBX 0
▼ -100.00% Downside Potential
This price target is based on 0 analysts offering 12 month price targets for Orcadian Energy in the last 3 months. The average price target is GBX 0, with a high forecast of GBX 0 and a low forecast of £100,000. The average price target represents a -100.00% upside from the last price of GBX 14.50.
Current Consensus is
N/A
The current consensus among 0 investment analysts is to n/a stock in Orcadian Energy. This N/A consensus rating has held steady for over two years.
Orcadian’s strategy is to secure discovered resources at low cost and to transform those resources into reserves and onto production
The Pilot field is our key asset. The field is well appraised and ready for development, Orcadian has selected, as the very best development concept, a low salinity polymer flood with two wellhead platforms, a dedicated FPSO, and a floating wind turbine.
Pilot is very well appraised with high quality modern 3D seismic and seven reservoir penetrations. The field has 79mmbbls of proven plus probable reserves, based upon the low salinity polymer flood development plan described in the concept select report submitted to the OGA in September of 2020. We updated the Concept Select Report during 2021 and submitted a CSR Addendum on 1st July 2021. The selected concept calls for an FPSO and two wellhead platforms from which over thirty wells will be drilled, with some of the energy required coming from a floating wind turbine.
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