Orca Energy Group Inc.

Orca Energy Group Inc. is pleased to provide the following operational update on its current activities in Tanzania and the appointment of two corporate brokers. All currency amounts in this news release are in United States Dollars unless otherwise stated. Tanzania On August 3, 2020 Orca signed a contract with China Petroleum and Technology Development Company for the design, supply, installation and commissioning of [...]

Orca Exploration Group Inc. announces that it intends to change its legal name to Orca Energy Group Inc. The effective date of the name change is expected to be July 31, 2020. The Company's board of directors approved the corporate name change to Orca Energy Group Inc. Completion of the name change is subject to the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. No action [...]

Orca Exploration Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per Class A Common Voting Share of the Company and $0.06 per Class B Subordinate Voting Share of the Company. The dividend will be payable on July 15, 2020 to holders of Class A Common Voting Shares and Class B Subordinate Voting Shares of record on June 30, 2020. The world markets continue to be [...]

Orca Exploration Group Inc. announces that it has completed its normal course issuer bid for its Class B Subordinate Voting Shares . Under the Bid, Orca repurchased 477,500 Class B Shares at a weighted average price of $5.32 per Class B Share for aggregate consideration of approximately Cdn. $2,540,300. The Class B Shares repurchased under the Bid will be cancelled. After giving effect to the Bid, Orca will have [...]

Orca Exploration Group Inc. today announces it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three month period ended March 31, 2020 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Revenue for Q1 2020 decreased by 11% to $17.7 million compared to the same prior year period. The [...]

Orca Exploration Group Inc. today announces its audited financial results for the year ended December 31, 2019. All dollar amounts are in United States dollars unless otherwise stated. Revenue for 2019 increased by 48% to $85.6 million and 72% to $23.2 million for Q4 2019 over the comparable prior year period. The increases are primarily due to increased sales to the Tanzanian Electric Supply Company Limited , sales to [...]

Orca Exploration Group Inc. has announced that it has amended its Normal Course Issuer Bid commenced on June 14, 2019 to allow it to purchase additional 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 700,000 Class B Shares, representing not more than 5% of the issued and outstanding Class B [...]

Orca Exploration Group Inc. provides an operational update. All currency amounts in this news release are in United States Dollars unless otherwise stated. Cash and short-term investments totaled $99.2 million on March 30, 2020 compared to $138.7 million at December 31, 2019. The decrease takes into account payments by the Company pursuant to its recently completed substantial issuer bid in the aggregate amount of [...]

Orca Exploration Group Inc. today is announcing that it has taken several steps to limit the impact of the COVID-19 virus on its operations in Tanzania and the health of its employees. It has been reported that there are now three confirmed cases of COVID-19 in Tanzania, all of whom are foreign nationals or have recently returned from Europe. The Government of Tanzania is reported to be considering control measures which [...]

Orca Exploration Group Inc. today is announcing that it has taken up and paid for 7,692,297 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$50 million . The shares taken up are nine less than previously announced due to rounding. All dollar amounts are [...]