Orca Energy updates Songo Songo licence extension and proposed deal
Orca Energy Group provided an update on a proposed extension of the Songo Songo Development Licence, related operational matters, and a proposed transaction.
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10:01:37 PM UTC
SquawkNews
Orca said PAET rejected proposed Songo Songo licence extension terms as uneconomic, will operate up to 60 days for transition, and noted Tanzania’s FCC prohibited the merger application for its previously announced sale; the deal has not been terminated.Material DetailsContext by AI AnalystThis is…