financial highlights

Q2 2019

SIX MONTHS ENDED JUNE 30
  2019 2018

OPERATING

Daily average gas delivered and sold (MMcfd) 59.0 35.6
  Industrial 12.4 14.1
  Power 46.6 21.5

AVERAGE PRICE($/mcf)

  Industrial 8.15 7.80
  Power 3.39 3.61
  Weighted Average 4.39 5.27
Operating netback ($/mcf) 2.65 2.68

FINANCIAL

Revenue 40,930 29,182
Net cash flows from operating activities
   per share - basic and diluted ($)
22,149
0.63

14,184
0.40
Net income attributable
to shareholders

per share - basic and diluted ($)
9,510
0.27

7,882
0.22
Adjusted funds flow from operations
  per share - basic and diluted ($)
19,500
0.55
7,727
0.22
Capital expenditures 2,505 1,861
  As at June 30, 2019 As at December 31, 2018
Working capital (including cash) 99,213 84,182
Cash and cash equivalents 47,100 64,660
Investments in short-term bonds 96,645 66,837
Long-term loan 53,988 53,900
Outstanding shares ('000)
  Class A
  Class B
1,750
33,490
1,750
33,506
Total shares outstanding 35,240 35,256
Weighted average Class A
and Class B shares ('000)
35,256 35,256

RECENT REPORTS
NS51-101 Form NS51-101 Form NS51-101 Form
2019 Q2 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

September 5, 2019 Orca Exploration Announces Appointment of RBC Capital Markets as financial advisor and Board changes
TORTOLA, British Virgin Islands, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Orca Exploration Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B), operator of the Songo Songo gas field in Tanzania, today announces the appointment of RBC Capital Markets (“RBC”) to review strategic alternatives for the Company under the direction of a special committee of independent directors (the “Special Committee”) [more...]

August 14, 2019 Orca Exploration Announces Completion of its Q2 2019 Interim Filings
TORTOLA, British Virgin Islands August 14, 2019: Orca Exploration Group Inc. ("Orca" or the "Company") 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, 2019 with the Canadian securities regulatory authorities. [more...] [view full report]

July 25, 2019 Orca Exploration Announces Review of Strategic Alternatives
TORTOLA, British Virgin Islands July 25, 2019: Orca Exploration Group Inc. ("Orca" or the "Company") announced that its board of directors is continuing to focus on maximizing the value of the Company's Tanzanian business, including by (i) pursuing discussions with the Tanzanian authorities to extend the term of the Songo Songo Production Sharing Agreement, Gas Sales Agreement and Development Licence, (ii) considering modifications to the Company's current business plan for its Tanzanian business, and (iii) executing the Company's current business plan. [more...]