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 > Two Things

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Comment by mortgages101on Feb 28, 2020 6:16pm

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Post# 30749542

RE:Two Things

The only major effect is that there may be many ready to tender their shares at the lower of the price point ($6.50)

If that is the case than more shares will be purchased and cancelled by the company.

50M / 6.50 = 7,692,307 shares which would be about 22% of the float.

More interesting is why is someone bidding $20.65 for A shares.

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