Executive Dashboard
Orcadian Energy PLC · CEO: Stephen A. Brown · Edinburgh, UK
Model v2.0 · 2026-03-08
11 / 200 docs analysed
Risk-Adj NAV
$812K
Portfolio FV at primary
Expected Return
32.1%
Weighted FV vs primary
Steady-State Yield
8.2%
Post-carry distributions
2P Reserves
78.8 MMbbl
Pilot (Sproule CPR)
Total STOIIP
1,274.8 MMbbl
P50 across portfolio
Cash Position
£75,919
Runway: 1.4 months
Token Summary
| Token | Asset | Fair Value | Primary | Upside | Supply | Yield | Risk | Alloc |
|---|---|---|---|---|---|---|---|---|
| R3 Fixed | Pilot Field | $24.67 | $18.00 | 37% | 20,000 | 8.6% | Medium-High | 55% |
| R4 Variable | Earlham Cluster | $14.82 | $12.00 | 24% | 15,000 | 11.4% | High | 30% |
| R5 Variable | Fynn Beauly | $3.87 | $3.00 | 29% | 25,000 | — | Very High | 15% |
Catalyst Timeline
Serica/Parkmead acquisition close
Fynn
APT viscosity prediction study
Fynn
Fynn Beauly drill-or-drop
Fynn
Earlham FID target
Earlham
Pilot FDP approval
Pilot
Pilot first oil
Pilot
Earlham first gas / MOGU online
Earlham
Pilot carry repayment complete (est.)
Pilot
v1 → v2 Valuation Bridge
Carry mechanics, EPL 75%, TGS ORRI
80/20 carry, EPL on gas, cluster offset
Dev prob 8% vs 30%, unfunded cash call
Going Concern — MATERIAL UNCERTAINTY
Cash £75,919 vs £40-55k/mo burn (director fees discretionary) = 1.4–1.9 months runway. Carried on Pilot (Ping) and Earlham (MLCP). Fynn Phase A: £530k gross, partially offset by Serica technical fees. Requires equity raise for corporate overhead.