Orca Energy Group Inc. announces its intention to commence a Normal Course Issuer Bid for purchase of its Class B Subordinate Voting Shares through the facilities of the TSX Venture Exchange and alternative trading systems in Canada. Purchases made pursuant to the Bid will not exceed 500,000 Class B Shares, representing approximately 2.76% of the total outstanding Class B Shares as at October 31, 2023. In accordance with [...]
Orca Energy Group Inc. and its other subsidiaries, and affiliates) today announces an operational update. All amounts are in United States dollars unless otherwise stated. OPERATIONAL Production, Sales and Demand Gross conventional natural gas production, including fuel gas, was in line with forecasts and averaged 124.8 million cubic feet per day for Q3 2023, of which 82.9 MMcfd was Additional Gas . Gas deliveries [...]
Orca Energy Group Inc. today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and six month periods ended June 30, 2023 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Any terms not defined herein have the meanings given to such terms in the Q2 2023 MD&A. Jay [...]
Orca Energy Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per Class A Common Voting Share of the Company and $0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on October 13, 2023 to holders of Class A Shares and Class B Shares of record on September 29, 2023. About Orca Energy Group Inc. Orca is an international public company [...]
TSX-V: ORC.A, ORC.B TORTOLA, British Virgin Islands, July 21, 2023 -- Further to the announcement by Swala Oil & Gas plc on April 3, 2023, which resolved that Swala TZ be placed into involuntary liquidation, Orca Energy Group Inc. confirms that it has repurchased the 7.9% shares in the Company's subsidiary PAE PanAfrican Energy Corporation , currently held by Swala Limited , for US$7.5 million. Orca sold the 7.9% of PAEM [...]
Orca Energy Group Inc. is pleased to announce the voting results from its annual meeting of shareholders held on June 21, 2023 . The results for each of the resolutions set forth in the Company's management proxy circular dated May 18, 2023 are set forth below: 1. Fixing the Number of Directors By ordinary resolution passed via ballot, the number of directors to be elected at the Meeting was fixed at five members. The [...]
Orca Energy Group Inc. today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three month periods ended March 31, 2023 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Jay Lyons, Chief Executive Officer, commented: "Following a year of considerable production and revenue [...]
Orca Energy Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per Class A Common Voting Share of the Company and $0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on July 14, 2023 to holders of Class A Shares and Class B Shares of record on June 30, 2023. About Orca Energy Group Inc. Orca is an international public company engaged [...]
Orca Energy Group Inc. today announced its audited financial results for the fourth quarter and year ended December 31, 2022. All dollar amounts are in United States dollars unless otherwise stated. Revenue increased by 28% for Q4 2022 and by 37% for the year ended December 31, 2022 compared to the same prior year periods. The increases were primarily a result of increased sales to customers in the power sector. Gas [...]
Orca Energy Group Inc. announces the approval of its Independent Reserves Evaluation as at December 31, 2022. All currency amounts in this news release are in United States Dollars unless otherwise stated. INDEPENDENT RESERVES EVALUATION The Company's conventional natural gas reserves as at December 31, 2022 for the period to the end of the primary term of the production sharing agreement with the Tanzanian Petroleum [...]
Orca Energy Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per Class A Common Voting Share of the Company and $0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on April 14, 2023 to holders of Class A Shares and Class B Shares of record on March 31, 2023. About Orca Energy Group Inc. Orca is an international public company engaged [...]
Orca Energy Group Inc. and its other subsidiaries, and affiliates) today announces an operational update. All amounts are in United States dollars unless otherwise stated. Jay Lyons, Chief Executive Officer, commented: "I am pleased to report that Orca continued to deliver operationally at the end of 2022 and into 2023. The Company increased gas sales by 42% over the course of 2022, compared with the previous year. We [...]
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