Orca Energy Group Inc. announces that PanAfrican Energy Tanzania Limited signed a Settlement Agreement with Tanzania Petroleum Development Corporation and Tanzania Electric Supply Company Limited for TANESCO to pay PAET and TPDC US$52.0 million for unpaid amounts owing by TANESCO for deliveries of natural gas from the Songo Songo gas field. PAET and TPDC agreed with TANESCO in the Portfolio Gas Supply Agreement to supply [...]
Orca Energy Group Inc. announces that it has permanently prepaid the US$60 million investment made by International Finance Corporation in the Company's operating subsidiary, PanAfrican Energy Tanzania Limited , pursuant to a loan agreement dated October 29, 2015 among IFC, PAET and the Company . To effect the foregoing prepayment, the Company paid to IFC US$30.6 million, representing the aggregate outstanding principal [...]
February 19, 2025 - Orca Energy Group Inc. and its other subsidiaries and affiliates) announces the approval of its Independent Reserves Evaluation as at December 31, 2024. 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, 2024 for the period to the end of the primary 25-year [...]
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 14, 2025 to holders of Class A Shares and Class B Shares of record on March 31, 2025. About Orca Energy Group Inc. Orca is an international public company engaged [...]
Orca Energy Group Inc. and Pan African Energy Corporation announces an operational update. Unless otherwise stated, all amounts referred to herein are expressed in United States dollars . SS-7 Update Further to previous announcements, the well intervention operations on SS-7 have now concluded. The work program, following a complex mobilization to Songo Songo Island, sought to restore the mechanical integrity of the well [...]
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 2.77% of the total outstanding Class B Shares as at November 13, 2024. In accordance with [...]
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, 2024 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Highlights Revenue decreased for Q3 2024 by 9% and by 13% for the nine months ended [...]
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, 2025 to holders of Class A Shares and Class B Shares of record on December 31, 2024. About Orca Energy Group Inc. Orca is an international public company [...]
November 1, 2024: Orca Energy Group Inc. and includes its subsidiaries and affiliates, including PanAfrican Energy Tanzania Limited and Pan African Energy Corporation announces an operational update. Unless otherwise stated, all amounts referred to herein are expressed in United States dollars . Songas Update On October 30, 2024, PAET was advised by Songas Limited that the Interim Power Purchase Agreement will expire on [...]
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, 2024 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Highlights Revenue decreased for Q2 2024 by 11% and by 14% for the six months ended June 30 [...]
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 14 , 2024 to holders of Class A Shares and Class B Shares of record on September 30, 2024. About Orca Energy Group Inc. Orca is an international public company [...]
Orca Energy Group Inc. announces that its 100% wholly-owned subsidiaries, PanAfrican Energy and Pan African Energy Corporation , have issued a notice of dispute in respect of an investment treaty claim under the Agreement on Promotion and Reciprocal Protection of Investment between the Government of the Republic of Mauritius and the Government of the United Republic of Tanzania against the Government of Tanzania for [...]
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