Tanzania-focused Orca Exploration increased revenues in the second quarter by 40% from $15 million to $21 million, boosting revenue recorded for the six-months to 30 June by 40% to $40.9 million compared to the same period in 2018, writes Barry Morgan.
Gas deliveries and sales in the first half of 2019 increased 66% to 59 million cubic feet per day after increased nominations by Tanzanian power utility Tanesco via the National Natural Gas Infrastructure pipeline network, stated Orca’s interim financial statement.
