financial highlights

Q1 2019

THREE MONTHS ENDED MARCH 31
  2019 2018

OPERATING

Daily average gas delivered and sold (MMcfd) 61.3 37.4
  Industrial 11.6 13.9
  Power 49.7 23.5

AVERAGE PRICE($/mcf)

  Industrial 7.97 7.79
  Power 3.43 3.60
  Weighted Average 4.29 5.16
Operating netback ($/mcf) 2.48 2.23

FINANCIAL

Revenue 19,936 14,223
Net cash flows from operating activities
   per share - basic and diluted ($)
13,206
0.37
1,527
0.04
Net income (loss) attributable
to shareholders

per share - basic and diluted ($)
2,784
0.08

(4,611)
(0.13)
Adjusted funds flow from operations
  per share - basic and diluted ($)
9,037
0.26
2,975
0.08
Capital expenditures 1,092 819
  As at March 31, 2019 As at December 31, 2018
Working Capital (including cash) 90,325 81,182
Cash 40,372 64,660
Investments in short term bonds 101,119 66,837
Long-term loan 54,943 53,900
Outstanding shares ('000)
  Class A
  Class B
1,750
33,506
1,750
33,506
Total shares outstanding 35,256 35,256
Weighted average Class A
and Class B shares
35,256 35,256

RECENT REPORTS
NS51-101 Form NS51-101 Form NS51-101 Form
2019 Q1 Report 2018 Q4 Annual Report N1 51-101 report
spacer Annual Information Form
More SEDAR filings Annual Information Form 2018 ESTMA Report

FINANCIAL REPORTS ARCHIVE
Reserves Presentation
2019 Presentation
TRANSPARENCY

investing in orca

Orca Exploration's mission is to benefit our shareholders, employees and partners through the exploration and development of oil and gas resources in proven underdeveloped hydrocarbon basins.

Orca Exploration is an international public company engaged in hydrocarbon exploration, development and supply of natural gas in Tanzania and oil and gas exploration in Italy. Orca and its employees are committed to ethically, socially and environmentally responsible development.

LATEST NEWS

June 26, 2019 Orca Exploration confirms declaration of July 31, 2019 dividend
TORTOLA, British Virgin Islands, June 26, 2019: Orca Exploration Group Inc. ("Orca" or the "Corporation") announces that its Board of Directors has received the certificate of the Chief Financial Officer referred to in its press release of May 29, 2019 and confirms that the Board of Directors has declared a cash dividend (the "Dividend") of $0.06 (Cdn) per Class A Common Voting Share of the Company ("Class A Shares") and $0.06 (Cdn) per Class B Subordinate Voting Share of the Company ("Class B Shares") payable to the holders of Class A Shares and Class B Shares of record on June 30, 2019 and payable on or about July 31, 2019. [more...]

June 10, 2019 Orca Exploration Group Inc. announces Normal Course Issuer Bid
TORTOLA, British Virgin Islands, June 10, 2019: Orca Exploration Group Inc. ("Orca" or the "Corporation") announces its intention, subject to the approval of the TSX Venture Exchange (the "Exchange"), to initiate a Normal Course Issuer Bid (the "Bid") for purchase of its Class B Subordinate Voting Shares ("Class "B" Shares") through the facilities of the Exchange and alternative trading systems in Canada. [more...]

May 31, 2019 Orca Exploration Board of Directors rejects unsolicited non-binding proposal from Swala Oil & Gas (Tanzania) PLC
Orca Exploration Group Inc (TSX-V: ORC.A, ORC.B) announced that its board of directors has unanimously rejected an unsolicited non-binding proposal of Swala Oil & Gas (Tanzania) PLC ("Swala") to acquire Orca Exploration Group for CDN$7.50 per Class A and Class B Orca shares. [more...]