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

Primary Symbol: V.ORC.A Alternate Symbol(s): 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 > Now my WORST PERFORMING energy stock..

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Post by downwithdotcom1on Oct 20, 2021 1:17pm

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Now my WORST PERFORMING energy stock..

..even with the dividends..just how did we get here, now trading at $5.18 right now ?? Remember, it was last year and a bit, when management REVERSED their policy about exploring for business outside of TANZ..even in spite of a allegedlly more BUSINESS FRIENDLY govt, there is still little progress as to the future of ORCA as a going concern-just so annoying with what could be ORCA;s potential but more lately if i had sold and re-invested in just about ANY oil or gas stock...dwdc

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