03:48 PM EST, 02/09/2026 (MT Newswires) -- Orca Energy Group (ORC-A.V, ORC-B.V) Monday declared a special cash dividend of C$2.00 per Class A and Class B share, increased from the C$1.00 announced on Sept. 23, 2025. It will be payable on Feb. 27 to share holders of record on Feb. 13.

Jay Lyons, chief executive officer of Orca, said, "In January 2020, Orca's board of directors committed to maximizing and monetizing the value from the Songo Songo natural gas field in Tanzania and returning excess cash to shareholders through share repurchases and dividends. Consistent with that commitment, the company has invested approximately US$106.1 million into the Songo Songo natural gas field and Tanzania and returned approximately US$122.9 million to its shareholders to date.

"Unfortunately, and despite our best efforts, the Government of Tanzania refuses to engage with us in a constructive negotiation on the extension and future of the development of the Songo Songo license and field. We are prepared for those negotiations, and will, in the meantime, continue to advance the arbitration proceedings to enforce the obligations of the Government of Tanzania under the Songo Songo project agreements and bi-lateral investment treaty with Mauritius," he added.

Orca's Class B shares were last seen up C$0.80 to C$4.10 the on TSX Venture Exchange.