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Orca Exploration Group Inc. (V:ORC.B)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: Barclays House, 5th Floor, Ohio Street,
P.O. Box 80139
Tel: N/A
IR: See website
Key People
Nigel Andrew Friend
Chief Executive Officer, Director
Blaine E. Karst
Chief Financial Officer
Stephen Huckerby
Group Financial Controller
Business Overview
Orca Exploration Group Inc. is a Canada-based company, which is engaged in the hydrocarbon exploration, development and supply of gas in Tanzania, and oil appraisal and gas exploration in Italy. The Company operates through international exploration, development and production of petroleum and natural gas segment. The Company has producing and exploration assets in Tanzania. The Company has interests in a Production Sharing Agreement (PSA) with the Tanzania Petroleum Development Corporation (TPDC) and the Government of Tanzania in the United Republic of Tanzania. This PSA covers the production and marketing of a gas from the Songo Block offshore Tanzania. The Company has an agreement to farm in on Central Adriatic B.R268.RG Permit offshore Italy. Its subsidiaries include Orca Exploration Italy Inc., Orca Exploration Italy Onshore Inc., PAE PanAfrican Energy Corporation, PanAfrican Energy Tanzania Limited and Orca Exploration UK Services Limited.
Financial Overview
For the three months ended 31 March 2020, Orca Exploration Group Inc revenues decreased 11% to $17.7M. Net income increased from $2.8M to $12.6M. Revenues reflect Natural Gas - Power sector decrease of 10% to 4.01B cubic feet, Operating revenue decrease of 10% to $15M, Current income tax adjustment decrease of 18% to $2.7M. Net income reflects Bad Debt Written Off/Provisio increase from $0K to $10.1M (income).
Employees: 94 as of Dec 31, 2014
Reporting Currency: U.S. Dollars
Enterprise value: $115.36M as of Mar 31, 2020
Annual revenue (TTM): $112.64M as of Mar 31, 2020
EBITDA (TTM): $75.57M as of Mar 31, 2020
Net annual income (TTM): $46.73M as of Mar 31, 2020
Free cash flow (TTM): $17.35M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,615,000 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization