Orca Energy Group Ord Shs Class A V.ORC.A

Alternate Symbol(s): V.ORC.B | ORXGF

Energy Oil & Gas E&P

Orca Energy Group Inc. produces and sells natural gas to the power and industrial sectors in Tanzania. The Company’s principal operating asset is an interest held by a subsidiary, PanAfrican Energy Tanzania Limited (PAET) in a Production Sharing Agreement (PSA) with the Tanzania Petroleum Development Corporation (TPDC) and the Government of Tanzania (GoT) in the United Republic of Tanzania. This PSA covers the production and marketing of certain gas from the Songo Songo Block offshore Tanzania. It operates the Songo Songo gas field offshore Tanzania. The Company operates a license, which has a total area of approximately 41,630 acres (170 square kilometers). The blocks are located in shallow water approximately 15 kilometers (km) off the coast and 200 km south of Dar es Salaam. Songas owns the infrastructure that enables the natural gas from the Songo Songo field to be transported to Dar es Salaam where it is consumed by power and industrial customers.

TSXV:ORC.A - Post by User

Orca Energy Group Ord Shs Class A > Now my WORST PERFORMING energy stock..

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Comment by gasoholicon Jan 17, 2022 6:50pm

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Post# 34326463

RE:RE:RE:Now my WORST PERFORMING energy stock..

It's my worst performer as well but I hang on for the dividend and for auld lang syne. We don't get excitement like the other stocks because we don't get pice like other companies. Most of our gas is sold for power generation in Tanzania at prices agreed to by the government. And sometimes payment is delayed. Only a portion of the gas is sold at a price that is ratioed to the price of crude. I haven't looked at it lately but a few years ago it was less than 10% of sales volume.

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