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. is a Tanzania-based company. The Company produces and sells natural gas to the power and industrial sectors. 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 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

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Comment by Carbonson Apr 04, 2019 6:10pm

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Post# 29584700

RE:RE:The Kilimanjaro-sized mountain of cash

gasoholic wrote: I liked the dollar per share divvy I got in January . I vote for more of that . The company's attempt to versify into Italy and Uganda about 12 years ago were money sinks .

I'm with you on the dividend. With 100 plus million and growing they need to consider their shareholders, pay a decent dividend! Maybe the new guy has some grand plans and wants the cash, who knows?

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