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 > seriously?? $25 on 100 shares/auction ends tomorrow..

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Comment by ArbProfiton Mar 03, 2020 5:14pm

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Post# 30762894

RE:RE:seriously?? $25 on 100 shares/auction ends tomorrow..

There are 1,750,567 Class A shares outstanding.

Shaymar owns 1,741,975 of them.

That leaves 8,592 shares.

Perhaps that 100 share buyer shorted the stock and cannot find a seller to cover. Shaymar unlikely to sell 100 shares at any price. Let's see where this thing eventually trades.

It's unavailable to short at my broker, no surprise, but no chance I would short it anyways.

Good luck with the Class B tender offer.

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