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


Primary Symbol: V.ORC.A Alternate Symbol(s):  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 JayBankson Oct 21, 2021 11:14am
288 Views
Post# 34032660

RE:RE:Now my WORST PERFORMING energy stock..

RE:RE:Now my WORST PERFORMING energy stock..Sorry I hit the post button with a finger while typing.

I just wanted to end by saying yes it seems like your worst preforming stock seems more about your selection of this and what to do with it or lack of foresight in changing sedimate which is east to be caught out on, but I don't think you have a terrible selection here as it seems like they were able to do a good job through the pandemic and seem to have upside both in the business and price action, especially if they do expand operations like you hinted they have spoken about back and forth before.

I have some conventional Oil and Gas but I haven't added to it in a few years which is my mistake after I've taken a few hits of poor timing when I did allocate to the sector, I've instead played the royalty game while still holding my older plays that are recovering towards my purchase prices, but ORCA keeps coming up as an interest in the safety and stability it seems to provide everywhere but the share price. Polaris Infrastructure seems like a similar comparison when you consider volatility due to sedimate, I wish I got into PIF in the sub 14 range when it was low because of its seemingly limited expansion potential and political risk...
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