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 [...]
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 [...]
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