Orca Exploration announces increase in gas processing capacity

About this update from Orca Energy Group Inc. Class B

[{"type":"text","content":"\n\n\n\nTORTOLA, British Virgin Islands, March 12 /CNW/ - Orca Exploration Group\nInc ("Orca") announces that the Company has had approval from Songas Limited\nto increase the capacity of the gas processing plant from 70 Mmscfd to 90\nMmscfd. This will facilitate the growth in the Company's Additional Gas sales\nvolumes in 2009.\n\n\nIn February 2009, Lloyds Register certified the two gas processing trains\nat 45 MMscfd each after Orca, as operator, had successfully installed two new\nJoule-Thompson valves and performed the necessary process modifications. Each\nof the trains was tested to 55 MMscfd and Lloyds Register may yet certify the\nplant at 110 MMscfd following a successful inspection of the gas heat\nexchangers later in 2009. However, further approval would be required from\nSongas to operate at capacity above 90 MMscfd.\n\n\nForward Looking Statements\n\n\nThis disclosure contains certain forward-looking estimates that involve\nsubstantial known and unknown risks and uncertainties, certain of which are\nbeyond Orca Exploration's control, including the impact of general economic\nconditions in the areas in which Orca Exploration operates, civil unrest,\nindustry conditions, changes in laws and regulations including the adoption of\nnew environmental laws and regulations and changes in how they are interpreted\nand enforced, increased competition, the lack of availability of qualified\npersonnel or management, fluctuations in commodity prices, foreign exchange or\ninterest rates, stock market volatility and obtaining required approvals of\nregulatory authorities. In addition there are risks and uncertainties\nassociated with oil and gas operations, therefore Orca Exploration's actual\nresults, performance or achievement could differ materially from those\nexpressed in, or implied by, these forward-looking estimates and, accordingly,\nno assurances can be given that any of the events anticipated by the\nforward-looking estimates will transpire or occur, or if any of them do so,\nwhat benefits, including the amounts of proceeds, that Orca Exploration will\nderive therefrom.\n\n\n","length":2161,"tagName":"div"}]

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