Orca Energy Group Inc. is pleased to announce that Lisa Mitchell will join the Company as Chief Financial Officer , effective November 1, 2021. Lisa will replace Blaine Karst, who will be retiring. Blaine has committed to stay on through April, 2022 in an advisory capacity to ensure a smooth transition. Lisa was most recently the CFO and Executive Director of San Leon Energy plc , a Nigeria focused oil and gas company [...]
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 15, 2021 to holders of Class A Shares and Class B Shares of record on September 29, 2021. About Orca Energy Group Inc. Orca is an international public company [...]
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, 2021 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Revenue increased by 17% for Q2 2021 and by 11% for the six months ended June 30, 2021 compared [...]
Orca Energy Group Inc. is pleased to announce that its subsidiary, PanAfrican Energy Tanzania Ltd., has recently signed an agreement with Exalo Drilling S.A. for the workover of three onshore wells on Songo Songo Island, commencing in September 2021. The 2021 workover program, which will see the wells recompleted with corrosion resistant chrome tubing, will return two wells to production and ensure the third well can [...]
Orca Energy Group Inc. is pleased to announce that its latest corporate presentation is now available on the Company's website . About Orca Energy Group Inc. Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B. Neither the [...]
Orca Energy Group Inc. announces its updated independent natural gas resource assessment report with an effective date of March 31, 2021 . All references to "contingent resources" and "prospective resources" in this press release refer to "contingent conventional natural gas resources" and prospective conventional natural gas resources", and all references to "natural gas" in this press release refer to "conventional [...]
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 2.74% of the total outstanding Class B Shares as at June 3, 2021. In accordance with the [...]
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 15, 2021 to holders of Class A Shares and Class B Shares of record on June 30, 2021. Approval of Resolutions at Annual Meeting of Shareholders Orca is pleased to [...]
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 period ended March 31, 2021 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Revenue increased 5% for Q1 2021 to $18.6 million compared to the same prior year period. The increase [...]
Orca Energy Group Inc. today announces its audited financial results for the year ended December 31, 2020. All dollar amounts are in United States dollars unless otherwise stated. Revenue decreased by 5% for Q4 2020 and by 9% for the year compared to the same prior year periods. The decreases are primarily a result of decreased sales to the Tanzanian Electric Supply Company Limited under the Portfolio Gas Sales Agreement [...]
Orca Energy Group Inc. announces the approval of its Independent Reserves Evaluation as at December 31, 2020. 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, 2020 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 that the quarterly cash dividend has been increased from $.08 to $0.10 per Class A Common Voting Share of the Company and from $.08 to $0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on April 15, 2021 to holders of Class A Shares and Class B Shares of record on March 31, 2021. Jay Lyons, Interim Chief [...]
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