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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Post by gasoholicon Aug 17, 2019 5:17pm

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Post# 30039997

Q2 Release

Operationally the company is doing very well . And if not for the spotty payment schedule from Tanesco the stock price would be much higher . It is my belief that if the SWALA deal had gone through Tanesco payments would be more prompt . Thus the company should be worth much more to SWALA than the present stockholders . Am I wrong about this ?

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