Audio Note: Orcadian Energy – UK tax update – Pilot and Earlham remain in focus

In this audio note, Zeus’ Daniel Slater summarises the investment case for Orcadian Energy.

In the recent UK budget the government announced an update to the UK oil and gas tax regime, alongside two sector consultations on long-term tax and environmental rules. In our view, these announcements have provided helpful additional clarity on tax for Orcadian and its Pilot and Earlham development projects, and a route to further clarity in the coming months to help drive further partnering activities and subsequent project FIDs.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.

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