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

Alternate Symbol(s):  ORXGF | V.ORC.B

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

Comment by downwithdotcom1on Feb 11, 2020 8:12pm
191 Views
Post# 30677466

RE:Geesh

RE:Geeshdamn...i too keep an eye on allafrica for updates on the prez and his gov't because they just can't be trusted. RABIDLY anti foreign investment and full of corrupt entities and now with potential for almost dictator ship leanings , i was just hoping that a mega LNG deal would keep the olive branch out as outsiders are indeed watching . ORC has been one of the longest investors in TANZ and its been a win/win for both inspite of numerous attempts by entities to all but ruin what has taken years to build. The PSA is being challenged (again) and its expiry date is looming - meanwhile does ORC commit major dollars in the meantime to expand on its TANZ commitments??? NO wonder SWALA's ability to act as a going concern is  now being stated in their own financials (over and above the dozen or so other O&G companies that already given up and left TANZ already....No wonder we're at basically cash values. i did buy 2k shares recently and was hoping to tender - will we see $7.25 or even $7?? thoughts?? dwdc
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