Orca Energy Group Inc. today is announcing that it has taken up 6,153,846 Class B Subordinate Voting Shares at a price of CDN$6.50 per Class B Share under Orca's substantial issuer bid to purchase for cancellation a number of its Class B Shares for an aggregate purchase price not to exceed CDN$40 million and paid to AST Trust Company the purchase price proceeds. All dollar amounts are in Canadian dollars. The Class B [...]
Orca Energy Group Inc. today is announcing the final results of its substantial issuer bid commenced on December 16, 2020, pursuant to which the Company offered to purchase for cancellation a number of its Class B Subordinate Voting Shares for an aggregate purchase price not to exceed CDN$40 million at a purchase price of not less than CDN$6.50 and not more than CDN$7.50 per Class B Share . The Offer expired at 5:00 p.m [...]
Orca Energy Group Inc. announces its preliminary unaudited financial and operating results for 2020. All currency amounts in this news release are in United States Dollars unless otherwise stated. FINANCIAL HIGHLIGHTS For the year ended December 31, 2020, the Company's: Average sales volumes for the year ended December 31, 2020 decreased 8.6% to 57.7 million standard cubic feet per day compared to 63.1 MMcfd for the year [...]
Orca Energy Group Inc. is commencing its previously announced substantial issuer bid on December 16, 2020 pursuant to which the Company will offer to purchase for cancellation up to C$40 million of its Class B Subordinate Voting Shares for cash . The Offer will expire at 5:00 p.m. on January 20, 2021, unless extended, varied or withdrawn by Orca. All dollar amounts are in Canadian dollars. The Offer is being made by way [...]
Orca Energy Group Inc. announces today its intention to commence a substantial issuer bid of up to C$40 million pursuant to which the Company will offer to purchase for cancellation a portion of its Class B Subordinate Voting Shares at a price range of between C$6.50 and C$7.50 per share. The Company intends to fund the Offer from current cash resources. Under the Offer, which remains subject to the receipt of a [...]
Orca Energy Group Inc. today announces it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2020 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. On August 3, 2020 the Company signed a contract for installation of compression on the Songas [...]
Orca Energy Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of CDN$0.08 per Class A Common Voting Share of the Company and CDN$0.08 per Class B Subordinate Voting Share of the Company. The dividend will be payable on January 15, 2021 to holders of Class A Shares and Class B Shares of record on December 31, 2020. Approval of Dividend Policy The Board of Directors of the [...]
Orca Energy Group Inc. is pleased to announce the appointment of Lloyd W. Herrick P.Eng., ICD.D as a member of the Board of Directors of Orca’s subsidiary, PanAfrican Energy Tanzania Limited. Mr. Herrick brings over four decades of international energy experience and joins Orca following a twenty-year career at TransGlobe Energy Corp. where he was appointed Vice President, Chief Operating Officer and director since 1999 [...]
Orca Energy Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per Class A Common Voting Share of the Company and $0.08 per Class B Subordinate Voting Share of the Company. The dividend will be payable on October 15, 2020 to holders of Class A Common Voting Shares and Class B Shares of record on September 30, 2020. Approval of Resolutions at Annual Meeting of [...]
Orca Energy Group Inc. announced today changes to its strategic direction and senior management team. Strategic Direction The Board of Directors has determined that in the current challenging market conditions for the oil and gas sector and taking into consideration the impact that government responses to the COVID-19 pandemic continue to have on domestic and global levels of economic activity, it is in the best interests [...]
Orca Energy Group Inc. announces that it will hold its annual meeting of shareholders on September 17, 2020 at 8:00 a.m. in a virtual-only format whereby shareholders may attend and participate in the meeting via live audio webcast. In addition, Orca announces that both Ms. Carole Wainaina and Mr. Ebbie Haan have resigned as directors of the Company. Orca wishes to thank Carole and Ebbie for their valuable service and [...]
Orca Energy Group Inc. today announces 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, 2020 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Revenue decreased by 18% to $17.3 million for Q2 2020 and by 14% to $35.0 million for the six months [...]
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