MIL-OSI: Orca Energy Group Inc Announces Independent Reserves Evaluation for Year End 2022 foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Orca Energy Group Inc. ( Orca or the Company and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces the approval of its Independent
Orca” or the “
Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces the approval of its Independent Reserves Evaluation as at December 31, 2020. All currency amounts in this news release are in United States Dollars (
$) unless otherwise stated.
INDEPENDENT RESERVES EVALUATION
The Company’s conventional natural gas reserves as at December 31, 2020 for the period to the end of the primary (25 year) term of the production sharing agreement (the “
Songo Songo PSA“) with the Tanzanian Petroleum Development Corporation (the “
TPDC“) have been evaluated by independent petroleum engineering consultants McDaniel & Associates Consultants Ltd. (“
McDaniel“) in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook (“