Orca Energy Group Inc. today announces its audited financial results for the year ended December 31, 2021. All dollar amounts are in United States dollars unless otherwise stated. Revenue increased by 13% for Q4 2021 and by 10% for the year ended December 31, 2021 compared to the same prior year periods. The increase for Q4 2021 was primarily a result of the increased sales to the industrial sector. The increase for the [...]
Orca Energy Group Inc. announces the approval of its Independent Reserves Evaluation as at December 31, 2021. 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, 2021 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 15, 2022 to holders of Class A Shares and Class B Shares of record on March 31, 2022. 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 continues to make strong operational progress in Tanzania, as seen with the successful connection of our compression system to the Songo Songo gas plant. Our compression [...]
Orca Energy Group Inc. today announces an operations update and guidance for 2022. All amounts are in United States dollars unless otherwise stated. Jay Lyons, Chief Executive Officer, commented: "Despite challenges associated with global supply chains and other COVID-19 related issues, we are very pleased to announce good progress on our 2021 work programs, a significant $50 million capital program and further guidance [...]
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 January 14, 2022 to holders of Class A Shares and Class B Shares of record on December 31, 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 nine month periods ended September 30, 2021 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Jay Lyons, Chief Executive Officer, commented: "We are very pleased with Orca's [...]
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 [...]