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Orcadian Energy PLC - North Sea focused oil and gas development company - Signs seismic licensing deal with energy data company TGS. The agreement will provide Orcadian with 2,070 square kilometres of seismic data, covering the bulk of its licenses and enabling the evaluation of nearby open acreage. Near term costs have been deferred and future payments to TGS will largely come from a 1% royalty on production.
Current stock price: 44.94 pence, up 4.5% in London on Wednesday
12-month change: 11%
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