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
2019
Latest
SEDAR filings
ESTMA Report
2018
2019 Q3 Interim Report
2019 Annual Report

Recent Presentations

Reserves Presentation
2018
Corporate Presentation
2019

Financial Highlights Q2 2020

THREE MONTHS ENDED JUNE 30, 2020
  2020 2019

Operating

Daily average gas delivered and sold (MMscfd) 50.6 56.6
Industrial 12.6 13.1
Power 38.0 43.5
THREE MONTHS ENDED JUNE 30, 2020
  2020 2019

Average Price ($/mcf)

Industrial 7.35 8.32
Power 3.44 3.35
Weighted Average 4.41 4.50
Operating netback ($/mcf) 2.74 2.81
THREE MONTHS ENDED JUNE 30, 2020
  2020 2019

Financial ($000's unless sated otherwise)

Revenue 17,320 20,994
Net cash flows from operating activities
   per share - basic and diluted ($)
13,515
0.51
8,978
0.25
Net income
  attributable to shareholders
  per share - basic and diluted ($)
6,254
0.24
6,718
0.19
Adjusted funds flow from operations
  per share - basic and diluted ($)
7,367
0.28
10,490
0.30
Capital expenditures (excluding transfers) 1,005 1,413

($000's unless sated otherwise)

As at June 30, 2020

As at December 31, 2019

Working Capital (including cash) 85,402 106,972
Cash and cash equivalents 101,113 93,899
Investments in short-term bonds 4,963 44,756
Long-term loan 54,159 54,057
Outstanding shares (000's)
  Class A
  Class B

1,750
24,388

1,750
32,557
Total shares outstanding (000's) 26,138 34,307
Weighted average Class A
and Class B shares
29,516 34,931