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 [...]
Orca Exploration Group Inc. today is announcing that it has changed its legal name to Orca Energy Group Inc. The Company's stock trading symbol will remain as ORC on the TSX Venture Exchange and the Company's stock commenced trading under its new name following receipt of final approval from the Exchange. The Company's board of directors approved the corporate name change and a Certificate of Name Change was issued on [...]
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 [...]