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Orca Exploration announces its results for the quarter ended 30 September 2010
Orca Exploration announces its results for the quarter ended 30 September 2010
About this update from Orca Energy Group Inc. Class B
[{"type":"text","content":"\n\n\n\n Nov. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX-V: ORC.A, ORC.B\n\n\nTORTOLA, British Virgin Islands, Nov. 29 /CNW/ - Orca Exploration Group\n Inc ("Orca Exploration" or the "Company") announces its results for the\n quarter ended 30 September 2010.\n\n\nHighlights \n\n\n\nIncreased profit before taxation by 108% to US$5.6 million (Q3 2009:\n US$2.7 million). \n\n\n\n\nIncreased funds flow from operating activities by 44% to US$6.1 million\n (Q3 2009: US$4.2 million).\n\n\n\n\nIncreased Q3 2010 sales of Additional Gas by 20% to 3,688 MMcf or 40.1\n MMcfd (Q3 2009: 3,074 MMcf or 33.4 MMcfd).\n\n\n\n\nIncreased working capital by 21% during the quarter to US$30.1 million\n (US$24.9 million at 30 June 2010).\n\n\n\n\nSuccessfully raised gross proceeds of Cdn$19.3 million by means of a 1\n for 6 rights issue that was fully subscribed.\n\n\n\n.\n\n\nFinancial and Operating Highlights\n\n\n\n\n \n\n \n \n \n\n\n \n\nThree months ended or as at\n\n\n \n\n\nNine months ended or as at\n\n\n\n\n \n\n\n30-Sep\n\n\n30-Sep\n\n\n \n\n\n \n\n\n30-Sep\n\n\n30-Sep\n\n\n \n\n\n\n\n \n\n\n2010\n\n\n2009\n\n\nChange\n\n\n \n\n\n2010\n\n\n2009\n\n\nChange\n\n\n\n\nFinancial (US$'000) except where otherwise stated\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n10,975\n\n\n7,536\n\n\n46%\n\n\n \n\n\n28,251\n\n\n17,480\n\n\n62%\n\n\n...