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Last C$3.62 CAD
Change Today 0.00 / 0.00%
Volume 7.1K
ORC/B On Other Exchanges
Symbol
Exchange
OTC US
Venture
Venture
As of 3:56 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

orca exploration group-b (ORC/B) Snapshot

Open
C$3.59
Previous Close
C$3.62
Day High
C$3.62
Day Low
C$3.59
52 Week High
09/2/14 - C$4.49
52 Week Low
05/20/14 - C$2.08
Market Cap
125.2M
Average Volume 10 Days
12.3K
EPS TTM
C$0.14
Shares Outstanding
33.1M
EX-Date
--
P/E TM
21.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for ORCA EXPLORATION GROUP-B (ORC/B)

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orca exploration group-b (ORC/B) Details

Orca Exploration Group Inc. is engaged in the exploration, development, and production of petroleum and natural gas in Tanzania and Italy. The company, through a production sharing agreement, principally has interests in two blocks that cover a total area of approximately 41,630 acres located in the south of Dar Es Salaam. It also has gas and oil exploration interests in Italy. Orca Exploration Group Inc. sells natural gas to power and industrial sectors in Tanzania. The company was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group Inc. in April 2007. Orca Exploration Group Inc. was incorporated in 2004 and is based in Dar Es Salaam, Tanzania.

91 Employees
Last Reported Date: 04/24/14
Founded in 2004

orca exploration group-b (ORC/B) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $732.0K
Chief Financial Officer and Director
Total Annual Compensation: $422.0K
Vice President Operations and Country Manager
Total Annual Compensation: $360.0K
Chief Accounting Officer
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

orca exploration group-b (ORC/B) Key Developments

Orca Exploration Group Inc. Announces Restatement of Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013 and Nine Months Ended September 30, 2014

Orca Exploration Group Inc. announced restatement of unaudited consolidated earnings results for the year ended December 31, 2013 and nine months ended September 30, 2014. For the year ended December 31, 2013, restated revenue was $53,482,000 against $54,718,000 as reported. Restated net loss after tax was $7,856,000 or $0.23 per basic and diluted share against $5,465,000 or $0.23 per basic and diluted share as reported. Restated funds flow from operating activities was $32,394,000 or $0.93 per basic and diluted share against $39,840,000 or $1.15 per basic and diluted share as reported. For nine months ended September 30, 2014, restated revenue was $46,962,000 against $47,624,000 as reported. Restated net profit after tax was $7,389,000 or $0.21 per basic and diluted share against $8,476,000 or $0.24 per basic and diluted share as reported. Restated funds flow from operating activities was $23,592,000 or $0.68 per basic and diluted share against $28,658,000 or $0.82 per basic and diluted share as reported.

Orca Exploration Group Inc. Provides Update on Operations in Tanzania

Orca Exploration Group Inc. announced an update of its activities in respect of Songo Songo development and changes among some of the Company's key stakeholders in Tanzania. With Songo Songo production declining below infrastructure capacity and markets continuing to expand, the Company has been developing plans to embark upon a first phase of Songo Songo development, with financing of approximately half of the $120 million estimated capital cost in the process of receiving internal approvals by the International Finance Corporation ("IFC") of the World Bank Group. The Company continues to develop options to move ahead with Songo Songo field development in Tanzania. The field currently produces approximately 91 million standard cubic feet per day ("MMcfd"), which is less than the existing Songas Limited ("Songas") infrastructure capacity of approximately 102 MMcfd. In order to fill the existing Songas infrastructure to capacity and provide operational redundancy, the Company is contemplating a first phase of offshore development consisting of working over two existing wells (SS-5 and SS-9) that are currently suspended, working over an existing production well (SS-7) and drilling a new offshore development well (SS-12). The workovers, if successful, will use the existing infrastructure (platform and flow-lines).

Orca Exploration Group Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Orca Exploration Group Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of USD 14,852,000 against USD 14,659,000 a year ago. Profit before taxation was USD 2,715,000 against USD 3,876,000 a year ago. Profit after taxation was USD 363,000 against USD 1,900,000 a year ago. Basic and diluted earnings per share were USD 0.01 against USD 0.05 a year ago. Funds flow from operating activities were USD 8,288,000 against USD 12,009,000 a year ago. Cash flows from operating activities were USD 24,077,000 against USD 14,639,000 a year ago. Property, plant and equipment expenditures were USD 324,000 against USD 744,000 a year ago. Diluted funds per share from operating activities were USD 0.24 against USD 0.34 a year ago. Net cash flow per share diluted was USD 0.69 against USD 0.41 a year ago. For the nine months, the company reported revenue of USD 47,624,000 against USD 39,853,000 a year ago. Profit before taxation was USD 16,348,000 against USD 27,000 a year ago. Profit after taxation was USD 8,476,000 against loss after taxation of USD 1,892,000 a year ago. Diluted earnings per share were USD 0.24 against basic and diluted loss per share of USD 0.05 a year ago. Funds flow from operating activities were USD 28,658,000 against USD 31,605,000 a year ago. Cash flows from operating activities were USD 31,993,000 against USD 17,511,000 a year ago. Property, plant and equipment expenditures were USD 594,000 against USD 1,150,000 a year ago.

 

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ORC/B

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Valuation ORC/B Industry Range
Price/Earnings 21.0x
Price/Sales 1.6x
Price/Book 0.8x
Price/Cash Flow 5.1x
TEV/Sales 0.6x
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