- Orca Energy Group (ORC) has appointed former TransGlobe Energy Vice President Lloyd Herrick to an advisory role
- Lloyd recently retired from TransGlobe Energy after working at the company for more than 20 years as Vice President, COO and director
- Lloyd also previously acted as CEO and President of Moiibus Resources, transitioning over through its merger with TransGlobe
- In his new position with Orca, Lloyd will work with the board and management as it develops the Songo Songo gas field in Tanzania
- Orca Energy Group (ORC) is holding steady and is currently trading at C$6.25 per share
Orca Energy Group (ORC) has appointed former TransGlobe Energy Vice President Lloyd Herrick to an advisory role.
Lloyd recently retired TransGlobe Energy after working at the company for more than 20 years and overseeing its merger with Moiibus Resource.
Prior to the merger, Lloyd also acted as CEO and President of Moiibus, transitioning over through the merger.
Following the merger, Lloyd oversaw TransGlobe growth from 200 barrels of oil a day to over 20,000 per day. Much of Lloyd’s experience at TransGlobe’s centred on its Middle Eastern and African assets, experience Orca is hoping will transfer over to its own Songo Songo gas field in Tanzania.
Located 15 kilometres off the coast and within the Tanzanian Coastal Basin, Songo Songo is Orca’s chief asset, where it currently operates eight wells, as well as the nearby gas processing facility.
Jay Lyons,Interim CEO of Orca, said the company was delighted to welcome Lloyd Herrick to Orca.
“His experience, developed over a forty-year career in the industry, including two decades as a director and VP, COO of TransGlobe, is particularly aligned with Orca’s newly revised strategy to focus on the optimal development and value creation of the Songo Songo gas field in Tanzania.
Jay went on to say that Lloyd will play an important advisory and oversight role supporting Orca’s operations team and working with the board and management regarding the Songo Songo gas field.
Orca Energy’s revised plans for Songo Songo follow a turbulent year-to-date for the company’s share price, which plummeted 40 per cent back in March on a struggling oil price.
Since then the company has managed to regain much of its losses and is currently trading around its pre-pandemic levels.
Orca Energy Group (ORC) is holding steady and is currently trading at C$6.25 per share.