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.

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Orca Energy Group Ord Shs Class A

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Post by downwithdotcom1on May 23, 2021 6:24pm

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Post# 33255885

Tanz . business reforms..

Gov't initiating business reforms -opening paragraph from longer story posted at allafrica.com (see below). dwdc

"The government is engaging stakeholders in the review of 22 laws under the Ministry of Industry and Trade with the view to improving Tanzania's business environment.

The review will also allow a smooth implementation of the blueprint for regulatory reforms to improve the business environment, according to Industry and Trade minister Kitila Mkumbo, who tabled his budget for the 2021/22 financial year yesterday."

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