financial highlights

Q1 2018

THREE MONTHS ENDED MARCH 31
  2018 2017

OPERATING

Daily average gas delivered and sold (MMcfd) 37.4 43.5
  Industrial 13.9 11.6
  Power 23.5 31.9

AVERAGE PRICE(US$/mcf)

  Industrial 7.79 7.75
  Power 3.60 3.57
  Weighted Average 5.16 4.68

FINANCIAL

Revenue 14,223 18,126
Net cash flows from operating activities
   per share - basic and diluted ($US)
1,527
0.04
8,787
0.25
Net (loss) income
  per share - basic and diluted ($US)
(4,638)
(0.13)
2,840
0.08
Funds flow (used in) operations
  per share - basic and diluted ($US)
(7,054)
(0.20)
5,926
0.17
Capital expenditures (excluding transfers)
819 120
  As at March 31, 2018 As at December 31, 2017
Working Capital (including cash) 65,201 69,575
Cash 117,813 122,322
Long-term loan 58,557 58,518

*See MD&A, Non-GAAP measure

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

27 July 2018Orca Exploration Provides Update to the Swala TransactionTORTOLA, British Virgin Islands 27 July 2018: Orca Exploration Group Inc. ("Orca" or the "Company") (TSX-V:ORC.A) (TSX-V:ORC.B) today announced that Orca has been advised by Swala Oil & Gas (Tanzania) plc ("Swala") that trading of its securities listed on the Dar es Salaam Stock Exchange ("DSE") in Tanzania will be halted for trading at the request of Swala pending the release of an announcement in relation to a third-party equity investment in Swala [more...]

16 July 2018Orca Exploration Provides Update to the Swala TransactionTORTOLA, British Virgin Islands 16 July 2018: Orca Exploration Group Inc. ("Orca" or the "Company") today announced that Orca has indefinitely extended the timing for the closing of Tranche 2 and 3 of the previously announced investment by Swala Oil & Gas (Tanzania) plc ("Swala") in PAE PanAfrican Energy Corporation, a subsidiary of Orca, of up to US$130 million (the "Swala Investment") but the Company retains the right to terminate the extension at any time. [more...]