Orcadian

Risk Matrix

3-tier risk assessment across all assets

Risk Scatter — Probability × Impact

🔴 Tier 1 — Existential

RiskAssetProbabilityImpact (FV %)Exposure
Polymer failurePilot15%-65%high
Orcadian insolvencyAll25%-100%critical
Ping walks awayPilot10%-100%high
EPL tightenedAll40%-30%high

🟠 Tier 2 — Material

RiskAssetProbabilityImpact (FV %)Exposure
Carry >10 yearsPilot/Earlham30%-18%medium
Cable deniedEarlham15%-80%high
Serica exits FynnFynn40%-50%medium
Oil <$60 sustainedPilot20%-22%medium

🟡 Tier 3 — Notable

RiskAssetProbabilityImpact (FV %)Exposure
TGS ORRI dragPilot100%-5%low
Sproule CPR stalePilot50%-10%low
CO₂ handling costEarlham60%-15%medium
Free gas in oilPilot30%-10%low
Lateral seal leakPilot20%-15%low