REG - Orcadian Energy PLC - Potential Funding Structure with Albion Labs

Orcadian EnergyAnnouncement

09/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260209:nRSI1425Sa&default-theme=true

RNS Number : 1425S  Orcadian Energy PLC  09 February 2026

9 February 2026
Orcadian Energy plc

("Orcadian" or the "Company")

Potential Funding Structure with Albion Labs

Orcadian Energy plc (AIM: ORCA) announces that the Company is exploring with
Albion Labs Canada Ltd ("Albion Labs Canada") a potential royalty-based
funding structure under which, subject to separate definitive agreements and
regulatory approvals, Albion Labs Canada would acquire royalty interests over
certain of Orcadian's assets. Albion Labs Canada subsequently intends to
securitise and tokenise those royalty interests, and offer them to its own
investors. Orcadian would not be involved in any such tokenisation or
distribution, which would be undertaken independently by Albion Labs Canada
(or its regulated affiliate). There can be no assurance that the Company will
successfully conclude negotiations with Albion Labs Canada or that the
proposed funding structure will proceed.

Highlights

●    Orcadian and Albion Labs Canada are working together to explore a
potential royalty-based funding structure across elements of Orcadian's
portfolio, under which Albion Labs Canada would acquire royalty interests that
it intends to choose to securitise and tokenise as part of its own offering to
its investors, subject in all cases to North Sea Transition Authority ("NSTA")
approval

●    The proposed funding structure is intended to provide an additional
and complementary source of development capital for Orcadian's North Sea
portfolio

●    This funding structure is designed to minimise dilution to existing
shareholders while allowing Orcadian to retain ownership and operational
control of its licences and assets

●    The proposed funding structure broadens Orcadian's potential
investor base beyond traditional banking and capital markets

●    The proposed funding structure is expected to assist in progressing
Orcadian's portfolio of projects through to Field Development Plan ("FDP")
approval

 

Background

Orcadian is exploring a potential, royalty-based, funding structure with
Albion Labs Canada, under which Orcadian would grant royalty interests over
defined portions of future revenues from specific projects or licences to
Albion Labs Canada. Albion Labs Canada then intends, working with an entity
regulated by BaFin, to securitise and tokenise these royalty interests and
offer them to its own investors. The proposed arrangements remain subject to
legal advice and the receipt of all necessary regulatory approvals, including
those of the NSTA. No definitive agreements have yet been entered into in
relation to this royalty-based potential funding structure and neither
Orcadian nor Albion Labs Canada is under any obligation to proceed with any
transaction.

Under the proposed funding structure, Orcadian would enter into royalty
agreements with Albion Labs Canada under which a defined share of future
revenues from specific projects or licences would be payable to Albion Labs
Canada. Orcadian currently anticipates that royalties of up to 5% of revenues
may be issued in this manner. There is currently no assurance that any
royalties will be issued or that any minimum amount of funding will be raised
under this potential structure.

Albion Labs Canada would work with an entity regulated by BaFin, the German
Federal Financial Supervisory Authority, to issue royalty tokens and
distribute the resulting cash flows to Albion Labs Canada's investors.

The purpose of this initiative is to provide an additional source of
development capital for Orcadian's North Sea portfolio. Rather than relying
solely on equity issuance, Orcadian intends to monetise small, clearly defined
portions of future cash flows, while retaining ownership and operational
control of its underlying licences and assets.

The initiative is intended to support the progression of Orcadian's projects
through to FDP approval and reflects the Company's view that rising demand
from data centres, artificial intelligence and electrification is increasing
the strategic importance of reliable energy supply. Alternative financing
structures of this nature can accelerate investment decisions and reduce the
overall cost of capital.

By combining conventional North Sea energy assets with modern digital
financing infrastructure, Orcadian believes it can access a broader and more
global investor base while maintaining capital discipline and minimising
shareholder dilution.

There can be no assurance that the Company will successfully conclude
negotiations with Albion Labs Canada or that the proposed funding structure
will proceed.

Further announcements will be made by the Company as and when appropriate.

Commenting, Steve Brown, CEO of Orcadian Energy, said:

"We are delighted to be exploring this funding structure with Albion Labs. We
believe the North Sea continues to have an important role to play in meeting
the UK's energy needs.

"This funding structure provides an innovative way of financing and
progressing our portfolio without diluting our shareholders, while retaining
full ownership and operational control of our assets and enables investors to
access returns from specific oil and gas fields while supporting the UK's oil
and gas industry.

"We look forward to working with Albion Labs Canada to progress our projects,
deliver value for shareholders and royalty holders, and continue to support UK
energy security."

For further information please visit:

www.orcadian.energy (http://www.orcadian.energy)
www.albionlabs.org (http://www.albionlabs.org)

 

Contact:

 Orcadian Energy plc                              + 44 20 7920 3150
 Steve Brown, CEO

 Alan Hume, CFO
 Zeus (Nomad and Joint Broker)                    +44 20 3829 5000
 Darshan Patel / John Moran (Investment Banking)

 Simon Johnson (Corporate Broking)
 Albr (Joint Broker)                              +44 207 399 9425
 Colin Rowbury / Jon Belliss

 

About Orcadian Energy

Orcadian is a North Sea-focused, low-emissions oil and gas exploration and
development company. While a smaller operator, Orcadian is nimble and focused
on opportunities that can deliver reliable UK energy supply while supporting
the transition to Net Zero.

About Albion Labs

Albion Labs is transforming energy infrastructure into digital finance and is
the developer of the energy protocol.

Albion Labs Canada has already implemented a revenue swap agreement with
Europa Oil & Gas (Holdings) plc, under which Europa pays an amount
equivalent to 4.5% of gross revenues from the Wressle-1 well in consideration
for a US$500,000 payment. Tokens representing a share of these cash flows have
been made available to investors via the Albion Labs platform:
www.albionlabs.org (http://www.albionlabs.org) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSSMFIAEMSELE



            Copyright 2019 Regulatory News Service, all rights reserved