Carrick has signed a sale and purchase agreement (SPA) with Orcadian Energy plc regarding a sub-area of Orcadian’s 100% P2320 Licence in Block 21/28a covering the Carra prospect. In return for an option for 50% interest in the Licence sub-area, Carrick is purchasing new, re-processed seismic data relating to the Carra prospect, reinterpreting the data, and working up the Carra prospect to drill-ready status. Carrick will manage a joint farm-out of the prospect.