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View Ryan Hoover's Comments
Orca Exploration: An East African Gas Play
Many thanks, Matt. Wentworth does indeed look to be a promising pure-play on East African gas, and I’m interested in learning more about it. I chose to cover Orca because it is, to my knowledge, the only company currently producing significant amounts of gas for Tanzania, and it has higher trading volume on the Pink Sheets than do Wentworth or Cove.
I stand corrected on the route of the proposed pipeline. It stretches from Dar es Salaam to Mnazi Bay, but it will include a new processing facility at Songo Songo and the portion of the line between Dar and Songo Songo is prioritized. Given Tanzania’s growing energy demand, and, as you mentioned, the prospect of LNG development, it’s an exciting time for all the region’s gas producers.
Nov 15, 2011. 11:58 AM
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