financial highlights

Q3 2019

NINE MONTHS ENDED SEPTEMBER 30
  2019 2018

OPERATING

Daily average gas delivered and sold (MMcfd) 60.5 38.3
  Industrial 13.3 13.0
  Power 47.2 25.3

AVERAGE PRICE($/mcf)

  Industrial 8.03 8.20
  Power 3.42 3.68
  Weighted Average 4.44 5.21
Operating netback ($/mcf) 2.60 2.49

FINANCIAL

Revenue 62,383 44,306
Net cash flows from operating activities
   per share - basic and diluted ($)
29,717
0.86
24,667
0.70
Net income attributable
to shareholders

per share - basic and diluted ($)
12,379
0.35
10,519
0.30
Adjusted funds flow from operations
  per share - basic and diluted ($)
29,653
0.84
12,857
0.36
Capital expenditures 3,157 3,215
  As at September 30, 2019 As at December 31, 2018
Working capital (including cash) 93,280 84,182
Cash and cash equivalents 66,198 64,660
Investments in short-term bonds 76,529 66,837
Long-term loan 54,033 53,900
Outstanding shares ('000)
  Class A
  Class B
1,750
32,599
1,750
33,506
Total shares outstanding 34,349 35,256
Weighted average Class A
and Class B shares ('000)
35,141 35,256

RECENT REPORTS
NS51-101 Form NS51-101 Form NS51-101 Form
2019 Q3 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

January 28, 2020 Orca Exploration Group Inc. Announces Commencement of Substantial Issuer Bid Up to CDN$50 Million
TORTOLA, British Virgin Islands, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Orca Exploration Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today is commencing its previously announced substantial issuer bid pursuant to which the Company will offer to purchase for cancellation up to CDN$50 million of its Class B Subordinate Voting Shares ("Class B Shares") for cash (the "Offer"). [read release...] [Orca Issuer Bid Circular]

January 24, 2020 Orca Exploration GROUP INC. ANNOUNCES AUTHORIZATION OF SUBSTANTIAL ISSUER BID, PROVIDES OUTCOME OF STRATEGIC REVIEW PROCESS AND ANNOUNCES FOCUSED STRATEGY TO GROW INTEGRATED GAS BUSINESS IN AFRICA
TORTOLA, British Virgin Islands, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Orca Exploration Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announced today the authorization of a substantial issuer bid, the outcome of its strategic review process, and its focused strategy to grow an integrated gas business in Africa. [read release...] [material change report]

November 28, 2019 Orca Exploration Announces Quarterly Dividend
Orca Exploration Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announces that its Board of Directors has declared a quarterly cash dividend of $0.06 (Cdn) per Class B Subordinate Voting Share of the Company. The dividend will be payable on January 31, 2020 to holders of Class A Common Voting Shares and Class B Subordinate Voting Shares of record on December 31, 2019. [more...]