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Orca Exploration Group Inc.

TICKER: ORC-A:TSX.V; ORC-B:TSX.V

Orca Exploration Group Inc. is an international junior natural gas exploration and development company with 527 Bcf Proved plus Probable gas reserves and operations exclusively in Tanzania. Today, natural gas production from the company's principal field supplies 99% of the gas used in Tanzania. This gas is used to generate over 60% of the power in the national power grid as well as meeting the energy needs of some 37 industrial customers. Orca is currently planning to double its natural gas production capacity in Tanzania to 190 MMcfd. The company also has an oil appraisal project in Italy, expected in 2015.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

The Energy Report Interview with Randall Abramson (6/19/14) "Orca Exploration Group Inc. is extremely neglected. . .the company is domiciled in Tanzania. That puts it out of sight, out of mind. . .

Orca was supposed to have a pipeline built in the country to allow higher deliverability of its own gas, as its gas fires more than 50% of the power in the whole country of Tanzania. That pipeline was delayed and delayed, and finally broke ground in fall of last year. The pipeline is now more than 70% complete, and is scheduled to be commissioned this time next year. . .

The World Bank has now entered to help the country. Tanzania got a second tranche recently of about $100M, so Orca should see its share of that over the next month or so. There should be further dollars to come. As we see it, everything's actually improving now. The government has established a very capitalistic national energy policy. It's talking about having completely liberalized markets by the end of this year. . ." More >

Alan Knowles, Haywood Securities (5/30/14) "We are hopeful that Orca Exploration Group Inc., TANESCO and the government will be able to resolve the outstanding issues to allow the company to fully participate in the growth that would result. . .resolution of the TANESCO receivable and a clear construction schedule for the planned Songo Songo expansion and production increase would both be positive for Orca. We are waiting on the outcome of a potential revision to the production sharing agreement terms, which is now before the government."

Alan Knowles, Haywood Securities (11/28/13) "Orca Exploration Group Inc. delivered strong Q3/13 results. . .sales reached a new record high in Q3/13. . .and production and cash flow exceeded our forecast."

FirstEnergy Capital (11/28/13) "Orca Exploration Group Inc.'s additional gas sales volumes averaged 57.4 Mmcfd during Q1/14. The company has noted that it will require additional funding prior to 2014 year-end, given the balance of receivables due from TANESCO that stands at US$68.6M. . .at quarter end cash stood at US$31.1M and no debt. Cash currently stands at US$40M."

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