Orca has a proven track record of generating value for shareholders through the development of natural gas reserves in Africa. The Company’s model of producing gas and developing markets has proven highly successful for all stakeholders.

Orca has a strong balance sheet and benefits from being highly cash generative. Orca is well placed to capitalize on gas to power opportunities in Tanzania and elsewhere. Orca also benefits from having a highly experienced management team with a proven record and the necessary skills to grow and diversify the business and deliver long-term value for investors.

Recent Reports

NI 51-101 report
2018
Latest
SEDAR filings
ESTMA Report
2018
2019 Q3 Interim Report
2018 Annual Report

Recent Presentations

Reserves Presentation
2018
Corporate Presentation
2019

Financial Highlights Q3 2019

THREE MONTHS ENDED SEPTEMBER 30
  2019 2018

Operating

Daily average gas delivered and sold (MMscfd) 63.4 43.6
Industrial 15.1 10.8
Power 48.3 32.8
THREE MONTHS ENDED SEPTEMBER 30
  2019 2018

Average Price ($/mcf)

  Industrial 7.84 9.32
Power 3.48 3.78
Weighted Average 4.52 5.12
Operating netback ($/mcf) 2.50 2.38
THREE MONTHS ENDED SEPTEMBER 30
  2019 2018

Financial ($000's unless sated otherwise)

Revenue 21,453 15,124
Net cash flows from operating activities
   per share - basic and diluted ($)
7,568
0.22
10,483
0.30
Net income
  attributable to shareholders
  per share - basic and diluted ($)
2,591
0.07
2,673
0.07
Adjusted funds flow from operations
  per share - basic and diluted ($)
10,153
0.29
5,130
0.15
Capital expenditures (excluding transfers) 652 1,354

As at September 30, 2019

As at December 31, 2018

Working Capital (including cash) 93,280 84,182
Cash 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
35,141 35,256