Orca Exploration announces commencement of seismic programme in Uganda



    TORTOLA, British Virgin Islands, Dec. 7 /CNW/ - Orca Exploration Group
Inc ("Orca Exploration") announces the commencement of an approximately 300
kilometer 2-D seismic exploration programme in Exploration Area 5 ("EA 5") in
Uganda.
    The seismic will be shot by IMC Geophysics International Limited over a
sedimentary sequence with prospective structures in the Albertine Graben
system that were identified by a regional gravity survey. The data is expected
to be processed and interpreted by the end of Q1 2008.
    The seismic is being shot under the terms of an agreement between Orca
Exploration and Tower Resources plc ("Tower"). On receipt of the fully
interpreted seismic, Orca Exploration has the right to acquire a 50% working
licence interest in EA 5 in return for funding 83.33% of two exploration
wells.
    Tower and Orca Exploration have commenced the search for a suitable rig
to drill these two exploration wells during 2008 in anticipation that the
seismic results will be positive. There is currently significant exploration
activity in Uganda as a result of the successful oil discoveries in blocks
south of EA 5 in the last two years.

    Orca Exploration Group Inc. is a well-financed, international public
company engaged in hydrocarbon exploration, development and marketing in
Tanzania and Uganda. Orca's operations are directed from offices in Dar es
Salaam, Tanzania. The Company is focused on increasing shareholder value
through the exploration, development and marketing of Tanzanian natural gas
and the exploration and development of high potential oil interests in
sub-Saharan Africa. Orca Exploration trades on the TSXV under the trading
symbols ORC.B and ORC.A.

    This disclosure contains certain forward-looking estimates that involve
substantial known and unknown risks and uncertainties, certain of which are
beyond Orca Exploration's control, including the impact of general economic
conditions in the areas in which Orca Exploration operates, civil unrest,
industry conditions, changes in laws and regulations including the adoption of
new environmental laws and regulations and changes in how they are interpreted
and enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in commodity prices, foreign exchange or
interest rates, stock market volatility and obtaining required approvals of
regulatory authorities. In addition there are risks and uncertainties
associated with oil and gas operations, therefore Orca Exploration's actual
results, performance or achievement could differ materially from those
expressed in, or implied by, these forward-looking estimates and, accordingly,
no assurances can be given that any of the events anticipated by the
forward-looking estimates will transpire or occur, or if any of them do so,
what benefits, including the amounts of proceeds, that Orca Exploration will
derive therefrom.




For further information:

For further information: Nigel A. Friend, CFO, +255 (0)22 2138737,
nfriend@orcaexploration.com or Peter R. Clutterbuck, CEO, +44 (0) 7768 120727,
pclutterbuck@orcaexploration.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890