Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > even at $7 thats still another 7 million shares cancelled!!!
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(104)
•••
Comment by mortgages101on Jan 31, 2020 2:18pm
208 Views
Post# 30626749

RE:even at $7 thats still another 7 million shares cancelled!!!

RE:even at $7 thats still another 7 million shares cancelled!!!The stock was already pretty illiquid. I don't think the less amount of shares will change that. 

Shaymar has confirmed they will be putting 1.7M shares to the bid. 

This has been a value trap for sometime since the stock has pretty much followed cash and bond value. $0 value has been assigned for the future cash flow or Tanzanian assets. 

Agreevating. As I do have a fairly large position and the stock price has not retured what I was expecting.  Going forward I am not sure how long one would have to wait to see double digits since the stock has always pretty much trailed cash. 
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities