Orca Energy Group announces a further update to its announcement of July 29, 2024. Following extensive discussions with the Tanzania Electricity Supply Company Limited to extend the Portfolio Gas Supply Agreement between PanAfrican Energy Tanzania, the Tanzania Petroleum Development Corporation and TANESCO, Orca confirms a second amendment to the PGSA has been entered into by TANESCO, PAET, and TPDC . The Amendment [...]
Orca Energy Group Inc. announces an update that its 100% wholly-owned subsidiary PanAfrican Energy Tanzania Limited has failed to reach a commercial resolution of the outstanding gas sales contract negotiations and license extension with Tanzania Petroleum Development Corporation , a petroleum corporation owned and controlled by the United Republic of Tanzania , and the Government of the United Republic of Tanzania under [...]
Orca Energy Group Inc. is pleased to announce the voting results from its annual meeting of shareholders held on June 5, 2024 . The results for each of the resolutions set forth in the Company's management proxy circular dated June 5, 2024 are set forth below: 1. Fixing the Number of Directors By ordinary resolution passed via ballot, the number of directors to be elected at the Meeting was fixed at five members. The [...]
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 periods ended March 31, 2024 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Jay Lyons, Chief Executive Officer, commented: "Despite the early onset of the wet season reducing [...]
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 12, 2024 to holders of Class A Shares and Class B Shares of record on June 28, 2024. About Orca Energy Group Inc. Orca is an international public company engaged [...]
Orca Energy Group Inc. today announced its audited financial results for the fourth quarter and year ended December 31, 2023. All dollar amounts are in United States dollars unless otherwise stated. Revenue decreased by 23% for Q4 2023 and by 7% for the year ended December 31, 2023 over the comparable prior year periods. The decrease for Q4 2023 over the comparable prior year period is primarily a result of lower sales to [...]
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 achieved average natural gas production ) of 85.6 MMcfd during 2023, in line with its revised forecasts for the period, with total field production averaging 126.0 MMcfd [...]
Orca Energy Group Inc. and its other subsidiaries and affiliates) announces the approval of its Independent Reserves Evaluation as at December 31, 2023. 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, 2023 for the period to the end of the primary 25-year term of the production [...]
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 12, 2024 to holders of Class A Shares and Class B Shares of record on March 29, 2024. About Orca Energy Group Inc. Orca is an international public company engaged [...]
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, 2023 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated. Any terms not defined herein have the meanings given to such terms in the Q3 2023 MD&a [...]
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 12, 2024 to holders of Class A Shares and Class B Shares of record on December 29, 2023. About Orca Energy Group Inc. Orca is an international public company [...]
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 2.76% of the total outstanding Class B Shares as at October 31, 2023. In accordance with [...]
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