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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 > Evolution
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Comment by cybercanuckon Oct 11, 2020 1:58pm
231 Views
Post# 31702616

RE:RE:RE:RE:RE:RE:RE:Evolution

RE:RE:RE:RE:RE:RE:RE:EvolutionDistribution or Substantial Issuer Bid?

My preference would be to apply apply the Substantial Issuer Bid encore une fois
 
Apply a $50 million SIB using a Dutch auction ...   $7.50 to $8.50


 Jan 15th, 2021 
 at $ 7.50 .. 6,666,667 shares would be absorbed
 Remaining ... 19,471,288 shares

 
Advantages
 
1) Provides a mechanism to exit  .. a distribution doesn't provide an exit
 
2) Most tax efficient .... a distribution may not be tax efficient 
 
3) Share price stays up. ... a distribution would most likely lower the share price afterward

cc
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