Tuesday, September 4, 2007

Orca Exploration Group Inc.

Industry: Mining

Main business locations: East Africa

Registered Office:
PO Box 3152
Road Town
British Virgin Islands

Incorporation date: August 31, 2004 (renamed on April 2, 2007)

Listed on: Toronto Stock Exchange
Ticker: ORC.A; ORC.B

Financial highlights: (compare to 2005 financial results)
Total Assets: (2006) USD 43,904,000
Shareholder’s equity: (2006) USD 37,889,000
Total Revenue: (2006) USD 13,828,000
Profit before taxation: (2006) USD 4,261,000

PAE PanAfrican Energy Corporation (company registered in Mauritius)
PanAfrican Energy Tanzania Limited (company registered in Jersey)

Auditors: KPMG

Lawyers: Burnet, Duckworth & Palmer LLP

About the BVI company:

Orca Exploration Group Inc. is an international public company registered in the British Virgin Islands, focused on natural gas exploration, production, development and marketing in Tanzania, through the wholly-owned subsidiary PanAfrican Energy Tanzania Limited. Company's head office is located in Dar Es Salaam (Tanzania). The Company is also engaged in oil and gas appraisal in Italy.

Orca Exploration Group Inc. was previously operating as EastCoast Energy Corporation, which was originally a subsidiary of PanOcean Energy Corporation. It was distributed to shareholders and separately listed on the Toronto Stock Exchange in August 2004. In November 2006, EastCoast shareholders approved company's name change into Orca Exploration Group Inc. Orca started trading on the TSXV on 4 April 2007.

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