Orcadian hails oil and gas windfall tax allowance

NORTH Sea oil and gas player Orcadian Energy has raised £1 million through a share placing and said it believes “the immediate investment allowance, included in the Energy Profits Levy, has transformed the attractiveness of domestic oil and gas projects for companies extracting oil and gas in the UK and it should spark further investment in the North Sea”.

Orcadian hails oil and gas windfall tax allowance
NORTH Sea oil and gas player Orcadian Energy has raised £1 million through a share placing and said it believes “the immediate investment allowance, included in the Energy Profits Levy, has transformed the attractiveness of domestic oil and gas projects for companies extracting oil and gas in the UK and it should spark further investment in the North Sea”.