Orca Exploration Group Inc. announced that its board of directors has unanimously rejected an unsolicited non-binding proposal of Swala Oil & Gas PLC to acquire Orca Exploration Group Inc. for CDN$7.50 per Class A and Class B Orca shares. Orca believes that details of Swala's proposal may be known to certain members of the public, including certain Orca shareholders, and decided to issue this news release to ensure the [...]
Orca Exploration Group Inc. today announced that Jay C. Lyons and Linda Beal were appointed at the Annual General Meeting as non-executive directors on Orca's Board of Directors. Additionally, Orca today announced that its Board of Directors has declared a 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 payable to the holders of Class A [...]
Orca Exploration Group Inc. , provides the following operational update on its current activities in Tanzania, through its subsidiary PanAfrican Energy Tanzania . PAET has entered into a long-term Gas Sales Agreement with the Tanzania Petroleum Development Corporation . The GSA provides for the supply of up to 20 million standard cubic feet per day of natural gas to the TPDC operated National Natural Gas Infrastructure on [...]
Orca Exploration Group Inc. 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, 2019 with the Canadian securities regulatory authorities. During Q1 2019 the Company continued delivering and selling gas through the National Natural Gas Infrastructure which allowed the Company to maintain the increase in gas [...]
Orca Exploration Group Inc. announces its financial results for the year ended December 31, 2018. All currency amounts are in United States dollars unless otherwise stated. The Company’s revenue for 2018 decreased by 5% to $57.8 million from $60.8 million in 2017. The decrease is the result of lower power sales volumes, higher Tanzanian Petroleum Development Corporation Profit Gas share and a lower current income [...]
TORTOLA, British Virgin Islands April 5, 2019: Orca Exploration Group Inc. announces its independent Reserves Evaluation for the year ended December 31, 2018. All currency amounts are in United States dollars unless otherwise stated. Independent Reserves Evaluation The Company's conventional natural gas reserves as at December 31, 2018 for the period to the end of its licence in October 2026 were evaluated by independent [...]
Orca Exploration Group Inc. advises that, pursuant to the terms of an investment agreement dated December 29, 2017 with Swala Oil & Gas plc in respect of the shares of PAE PanAfrican Energy Corporation , the parties have agreed to terminate the Agreement as a result of Swala not acquiring additional shares of PAEM. PAEM share ownership remains at 92.067% by Orca with 7.933% by Swala through it’s subsidiary Swala [...]
Orca Exploration Group Inc. announced today that Mr. David K. Roberts, Vice President Operations, departed from the Company on 21 February 2019. Mr. Roberts had worked with Orca Exploration Group since 2012 in a variety of roles. Mr. Friend, Chief Executive Officer, said, “David Roberts' strong technical knowledge and leadership, primarily focussed on operations in Tanzania, has enabled Orca to overcome numerous [...]
Orca Exploration Group Inc. today announced that its Board of Directors has appointed Nigel A. Friend, Orca's CEO, as a director on Orca's Board of Directors. Additionally, Orca today announced that its Board of Directors has declared a cash dividend of $0.05 per Class A Common Voting Share of the Company and $0.05 per Class B Subordinate Voting Share of the Company ("Class B Shares") payable to the holders of Class A [...]
Orca Exploration Group Inc. is pleased to provide the following operational update on its current activities in Tanzania. Shortly before the year end, Orca’s subsidiary, Pan African Energy Tanzania Limited signed a short-term sales agreement with the Tanzania Petroleum Development Corporation and the Tanzania Electric Supply Company for the immediate supply of gas to TANESCO of up to 35 million standard cubic feet per day [...]
Orca Exploration Group Inc. acknowledges the press release issued by Swala Oil & Gas (Tanzania) plc announcing that it has entered into a definitive agreement for an initial investment of US$30 million from Energy Tanzania Limited the proceeds of which Swala expects to use to develop Swala's current projects. ETL is owned by Dr. Reginald Mengi, the well-known Tanzanian entrepreneur and philanthropist.
+43,04 %
-94,12 %
