Orcadian Energy Plc announced the following changes to the Board. Greg Harding has confirmed his intention to retire from the Board of the Company at the end of the year. Greg was a founder of Orcadian back in October 2013 when he and Steve Brown started screening relinquishment reports for a North Sea project of scale.

After almost nine years with Orcadian, Greg is planning to retire. Christian Wilms has advised the Board that given his increasing executive responsibilities, it has become difficult for him to dedicate the necessary time to his role as a non-executive at Orcadian. As such, Christian has asked to leave the board; and he will cease to be a director of the Company from the 31stOctober 2022.

Christian joined the Orcadian board in 2019, just as he was moving from Shell to MOL. He has been a great counsellor, both technically and commercially, and his advice will be much missed. Following these changes, the Orcadian board will consist of four directors: Joe Darby, Non-Executive Chairman, Tim Feather, Independent Non-Executive Director, Steve Brown, Chief Executive Officer and Alan Hume, Chief Financial Officer.

The board is aware of its responsibilities under the QCA Corporate Governance Code for smaller companies to have two independent non-executive directors on the board of the Company, and will look to appoint a new independent board member in due course.