Nothing kills a whale of an oil exploration and production opportunity quicker than dry wells and red tape. Orca encountered regulatory problems and poor testing results in its Camatindi project in Bolivia. In 2004 the company suspended its Camatindi production indefinitely. In a reverse takeover, the company agreed in 2005 to restructure and purchase the issued securities of Nautilus Minerals Corporation (NMC) and Nautilus XPO. Pappua New Guinea-based Nautilus explores for seafloor massive sulfide deposits on the Western Pacific Ocean. It also has a farm-in agreement with a subsidiary of Placer Dome. After the acquisition, Orca will change its name to Nautilus Minerals Inc. and will be headed by David Heydon.