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Orca Energy Group Ord Shs Class A V.ORC.A

Alternate Symbol(s):  V.ORC.B | ORXGF

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

Comment by downwithdotcom1on May 16, 2021 11:30am
276 Views
Post# 33211302

RE:Its lonely at the bottom

RE:Its lonely at the bottom..i guess i have been typing TOO fast all these months?? even complained to stockhouse-can't find it/why are the "A" shares lead when there is zero liquidity?? But i digress...Anyways, a new dawn?? Recently re-elected prez suddenly died and hopefully so did his anti-business, anti-foreigner, dictator type leanings did too. The female vice-prez was sworn in and she has quickly moved to a more pro business stance (at least as per various local TANZ news feeds). She was quoted "as TANZ is open for business" and has signed off on the long delayed oil pipeline and has now talking about committing to a new gas pipeline where ORC's gas reserves could be used. I also read an article where shed said tax disputes need to be settled with foreign investors..who'd a thought??  the big prize thou is will new PSA or PSA extensions be on the table??? Q1 results next week-maybe some clarity on this issue??stay tuned..regards, dwdc
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