Orca Exploration announces appointment of Mr Blaine E. Karst as Chief Financial Officer


TORTOLA, British Virgin Islands, Nov. 2, 2015 /CNW/ - Orca Exploration Group Inc. ("Orca" or the "Company") announces the appointment of Blaine E. Karst as Chief Financial Officer. Mr. Karst has over 30 years of experience in senior financial management roles, with the majority of the past 15 years working as Finance Director/CFO for internationally focused oil and gas exploration and production companies.  From 2007 to 2014, Mr. Karst worked as CFO for Vostok Energy Plc., a private UK based group with oil and gas operations in Russia. From 2000 to 2006, Mr. Karst worked as in-country Finance Director in Vietnam and Russia for Soco International Plc, a London Stock Exchange listed international oil and gas exploration and production company. Mr. Karst has a Bachelor of Commerce degree from the University of Saskatchewan and is a Canadian CPA, CA (Chartered Professional Accountant, Chartered Accountant).

The appointment follows the reassignment of former CFO, Robert S Wynne, who will be assuming a senior advisory role working directly with the CEO and CFO.

"The appointment of Mr. Karst brings an added dimension and a wealth of experience to Orca Exploration Group. I look forward to working closely with him as we look to deliver greater success in the future," commented W. David Lyons, Orca Chairman and Chief Executive Officer.  "I am also particularly grateful to Mr. Wynne our former CFO, for his steadfast service to the Company.  His move within the Group into a key advisory role will be critical as we seek to diversify this company and take it from strength to strength."

About Orca Exploration Group Inc.

Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through the wholly-owned subsidiary PanAfrican Energy Tanzania Limited, as well as oil and gas appraisal in Italy. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Orca Exploration Group Inc.

For further information: please visit www.orcaexploration.com or contact: W. David Lyons, Chairman and Chief Executive Officer, +44-7717-100200, wdlyons@orcaexploration.com

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