Orion Announces Oklahoma SCOOP Stack Royalty Growth
CARSON CITY, NV / ACCESS Newswire / May 30, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)('Orion'), a revenue generating diversified company, announced today that it has closed on a royalty acquisition in the Scoop Stack of Carter County Oklahoma .
OKLAHOMA SCOOP STACK
TOM LULL COMMENTS
'We have increased our royalty from 0.3125% to 0.625% on our Grady County Oklahoma acreage. Continental Resources has already drilled the 2 ½ mile Bess Fiu well on this acreage and we had the option to increase our royalty. We anticipate revenue from the 2 ½ mile horizontal well recently drilled in Grady County Oklahoma will pay in late June 2025. We also anticipate that Continental will drill several more wells on this 3,840 acre pooled unit in Grady County Oklahoma. Orion has more than 1,160 royalty acres in the Scoop Stack area surrounding Oklahoma City.' Commented Tom Lull, CEO of Orion. Orion has received recent title recordings on 5 wells from the 116 well Colorado acquisition that closed this December 2024. Orion has over-ride royalties in 70 of the 116 Colorado wells currently producing 1571 mcfpd and 5 bopd. Orion now owns 53,320 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, and Scoop Stack of Oklahoma. '
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a holding company with a primary strategy of investing in operated majority working interest, non-operated working interest, royalty, and mineral interests in producing oil & gas properties, with a core area of focus in the premier basins within the United States. Orion receives monthly income from 53,320 mineral acres and receives income from Chevron, Conoco Phillips, Apache, Occidental Petroleum, EOG Resources, Mewbourne Oil, Merit Energy, Hilcorp Oil, Kraken Oil, DCP, Raybaw Operating, and many others. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.
CONTACT: Orion Diversified Holding Co Inc. Thomas Lull, President Phone: 760-889-3435SAFE HARBOR STATEMENTThis press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.SOURCE: Orion Diversified Holding Co Inc.
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
NTG Clarity Achieves Record Topline Performance in Q1 2025
Raises Full Year Revenue Guidance to Reflect Q1 Performance Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today reports its first quarter results for the quarter ended March 31, 2025 (all figures in Canadian Dollars). Q1 2025 HighlightsAll comparisons below are to the quarter ended March 31, 2024, unless otherwise noted Revenue grew 68% year-over-year to $19.7 million, driven by strong growth of offshore services, which grew 268% and the accelerating growth of NTGapps, which grew 151%. Gross Profit rose 51% year-over-year to $6.7 million, representing 34% of revenue, compared to $4.5 million and 38% in the prior year. Gross margin saw temporary pressure due to upfront travel and relocation costs associated with new client engagements—costs that are expected to normalize in future periods. Net Income was $2.1 million, or 11% of revenue, compared to $2.4 million or 20% in the prior year. The year-over-year decline reflects proactive investment in long-term growth initiatives, including expansion of our sales and account management teams—as well as the initiation of income tax provisions amounting to $1.2 million for the quarter. Net Income Before Income Taxes grew by 56% year-over-year. Adjusted EBITDA grew 45% to $2.9 million, or 15% of revenue, compared to $2.0 million or 17% of revenue in the prior year. Operating Cash Flow of $397 thousand. Free Cash Flow used of $17 thousand. "We've started 2025 by continuing our strong growth trajectory, fueled by the increasing demand for our offshore services and the momentum in our higher-margin software business, NTGapps," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "We're making strategic investments in sales, marketing, and operations today to support this growth and sustain our track record of top-line performance." "We are executing on our 2025 strategic priorities by leveraging the cost advantages and high-quality offerings of our offshore platform to deepen relationships with customers. At the same time, customer trials of NTGapps are starting to convert into full contracts. We also secured new clients this quarter through our referral network and look forward to demonstrating why NTG should play a larger role in supporting their digital transformation strategies." Financial Outlook for 2025 The strong start to 2025 gives us confidence to increase our full year revenue guidance to $78 million. The performance this quarter is also consistent with our Adjusted EBITDA margin range which provides us greater flexibility in hiring, onboarding, and training the talent needed to meet growing demand as well as expanding our sales team to continue driving outsized growth. While our current Adjusted EBITDA is tracking below the lower end of the target range, we anticipate margin improvement over the course of the year. This will be driven by near-term growth investments beginning to scale more efficiently relative to revenue. Revenue: Expected to be approximately $78 million Adjusted EBITDA Margin: Forecasted in the range of 16% - 20% In 2025 our strategic priorities are: Expand and solidify our position as an integral part of clients' long-term digital strategy, leveraging our superior cost structure, quality offerings, and trusted relationships built over multiple years of service. Win new customers through the expanding network effect of recommendations from current and past clients. Increase adoption and traction of NTGapps, positioning them as essential tools within our clients' digital ecosystems. Conference Call Details On Thursday, May 29, 2025, at 11:00 AM ET, management will host a conference call webcast to discuss the Company's financial and operating results. What: NTG Clarity Q1 2025 Earnings CallWhen: Thursday, May 29, 2025, at 11:00 AM ETWhere: Live webcast can be accessed from the Events page of NTG's website: Management will be hosting a Q&A at the end of the call; however, to streamline the earnings conference call, we ask any questions to be emailed along with the asker's name and company, if applicable, by the end of the day Wednesday, May 28, 2025, to: Adam Zaghloul, Vice President, Strategy & PlanningEmail: adam@ Income Statement Highlights for the Quarter Ended March 31, 2025 and 2024March 31, 2025 March 31, 2024 REVENUE $ 19,699,129 $ 11,755,520 COST OF SALES12,966,584 7,302,609 GROSS PROFIT $ 6,732,545 $ 4,452,911 Operating Expenses3,392,598 2,284,411 Other Expenses161,835 136,739 Exchange loss (gain) on translation(88,718 ) (346,105 ) Provision for income taxes1,172,168 0 Comprehensive Income $ 2,094,661 $ 2,377,866 per share (basic) $ 0.05 $ 0.06 per share (fully diluted) $ 0.04 $ 0.06 Balance Sheet Highlights March 31, 2025 December 31, 2024 Total Assets $ 30,859,346 $ 28,292,859 Total Liabilities $ 15,981,000 $ 15,691,675 Shareholder's Equity $ 14,878,345 $ 12,601,184 Non-GAAP Financial Measures NTG references Adjusted EBITDA, which is a non-IFRS (non-GAAP) measure and Adjusted EBITDA margin, which is a non-GAAP ratio. Adjusted EBITDA means adjusted earnings before interest, taxes, depreciation and amortization. EBITDA is equal to net income (loss) before income taxes plus finance costs plus depreciation. Adjusted EBITDA is equal to EBITDA before other discretionary expenses and expenses outside of the control of NTG. In NTG's case these are other income, share-based payments, and expenses related to foreign exchange. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of total revenue. Adjusted EBITDA and Adjusted EBITDA margin are not recognized measures under IFRS. Management believes that in addition to net income (loss), Adjusted EBITDA and Adjusted EBITDA margin are useful supplemental measures as they provide an indication of the results generated by the Company's primary business activities prior to consideration of how those activities are financed, amortized, or how the results are taxed and consolidated in various jurisdictions and currencies as well as the cash generated by the Company's primary business activities without consideration of the timing of the monetization of non-cash working capital items. NTG also references Free Cash Flow, which is a non-IFRS (non-GAAP) measure. Free Cash Flow means cash provided by operating activities less capital expenditures. In NTG's case, Free Cash Flow is equal to net cash from operating activities as reported in the consolidated statements of cash flows, reduced by the purchase of property and equipment. Free Cash Flow is not a recognized measure under IFRS. Management believes that in addition to net cash from operating activities, Free Cash Flow is a useful supplemental measure as it provides insight into the cash generated by the Company's primary business activities after funding required capital expenditures, and it reflects the Company's ability to pursue strategic growth, repay debt, or return capital to shareholders. Readers should be cautioned, however, that Adjusted EBITDA and Adjusted EBITDA margin should not be construed as an alternative to net income determined in accordance with IFRS as an indicator of the Company's performance. Neither should Free Cash Flow be construed as an alternative to net cash from operating activities as determined in accordance with IFRS as an indicator of the Company's performance. The Company's method of calculating Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow may differ from other organizations and, accordingly, Adjusted EBITDA, Adjusted EBITDA margin, and Free Cash Flow may not be comparable to measures used by other organizations. The non-IFRS measures referenced in this release reconcile to the IFRS measures reported in the Consolidated Financial Statements as follows, unless reconciled elsewhere:For the three months ended Adjusted EBITDA March 31, 2025 March 31, 2024 Net Income (Margin) $ 2,094,661 $ 2,377,866 (11% ) (20% ) Add back: (Gain) loss on foreign exchange (594,623 ) (312,992 ) Depreciation 182,231 50,659 Amortization $ 132,183 132,183 Interest, net 60,095 74,374 Taxes 1,185,877 55,332 Other income (94,200 ) (66,001 ) Share-based payment 0 22,375 Loss on joint venture 0 0 Loss on disposal of assets 0 0 Exchange gain arising on translation of foreign operations [88,718 ] [346,105 ] Adjusted EBITDA (Margin) $ 2,877,506 $ 1,987,691 (15% ) (17% ) For the three months ended Free Cash Flow March 31, 2025 March 31, 2024 TOTAL CASH IN-FLOW FROM OPERATING ACTIVITIES $ 396,770 $ 798,118 Less: Purchase of property, plant and equipment 414,075 234,741 Free Cash Flow $ (17,305 ) $ 563,377 About NTG Clarity Networks Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,100 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises. For Further Information:Adam Zaghloul, Vice President, Strategy & PlanningNTG Clarity Networks 905-305-1325Fax: 905-752-0469Email: adam@ Forward-Looking InformationCertain statements in this release, other than statements of historical fact, are forward-looking information that involve various risks and uncertainties. Forward-looking information includes, but is not limited to, statements with respect to: 2025 financial guidance including anticipated revenue and adjusted EBITDA margin; anticipated activity levels and operating results; projections based on current backlog; corporate strategies; customer demand and competitive conditions in the markets in which the Company operates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: future demand for the Company's products and services; the results of research and development activities; access to capital; intellectual property protection; general business, economic, competitive, political and social uncertainties; delays in obtaining governmental approvals; failure to obtain regulatory approvals; reliance on key personnel; stock market volatility; fluctuations in interest rates and exchange rates; and the impact of new laws and regulatory requirements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about estimated annual revenue and adjusted EBITDA margin, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraph. The actual financial results of the Company may vary from the amounts set out herein and such variation may be material. NTG and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of providing further information about the Company's anticipated future business operations on an annual basis. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Yahoo
Spark Energy Announces Revised Warrant Repricing and CSE Approval
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark Energy" or the "Company") is pleased to announce that it intends to amend the exercise price of 15,000,0000 unlisted common share purchase warrants of the Company (the "Eligible Warrants") which were issued as part of the Company's acquisition of Tristar Energy Corp which closed on March 15, 2024. The Eligible Warrants are currently exercisable for one common share of the Company (each a "Common Share") at a price of $0.15 per Common Share, and expire on March 15, 2026, at 4:30 p.m. (Vancouver time). Further to the Company's press release dated May 7, 2025, the Company now intends to amend the exercise price to $0.075 (the "Warrant Repricing") and has received Canadian Securities Exchange (the "Exchange") acceptance. All other terms of the Eligible Warrants will remain the same, including the expiry date of March 15, 2026. The Warrant Repricing will be effective as of June 2, 2025. About Spark Energy Minerals Inc. Spark Energy Minerals, Inc. is a Canadian company focused on the acquisition, exploration, and development of battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil. The Company's flagship project is the Arapaima Lithium project spanning 64,359 hectares in Brazil's renowned Lithium Valley, one of the most prolific mining regions in the world. This region is rapidly gaining global recognition for its vast deposits of lithium and rare earth minerals, positioning Brazil as a critical player in the global energy transition. FOR ADDITIONAL INFORMATION SEE THE COMPANY'S WEBSITE AT: Email to info@ Eugene Hodgson, CEO, Tel. +1-778-744-0742 Forward-Looking Statement Disclaimer Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", "may be", or similar words (including negative or grammatical variations) suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to: the potential exercise of any Eligible Warrants and the success of the Warrant Repricing. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including the receipt of required regulatory approvals; current forecasts and anticipated utilization rates; the availability of debt and equity financing; and the level of competition in the marketplaces and industries in which the Company operates. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Spark Energy with the securities regulatory authorities, available at Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Yahoo
Spark Energy Announces Revised Warrant Repricing and CSE Approval
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark Energy" or the "Company") is pleased to announce that it intends to amend the exercise price of 15,000,0000 unlisted common share purchase warrants of the Company (the "Eligible Warrants") which were issued as part of the Company's acquisition of Tristar Energy Corp which closed on March 15, 2024. The Eligible Warrants are currently exercisable for one common share of the Company (each a "Common Share") at a price of $0.15 per Common Share, and expire on March 15, 2026, at 4:30 p.m. (Vancouver time). Further to the Company's press release dated May 7, 2025, the Company now intends to amend the exercise price to $0.075 (the "Warrant Repricing") and has received Canadian Securities Exchange (the "Exchange") acceptance. All other terms of the Eligible Warrants will remain the same, including the expiry date of March 15, 2026. The Warrant Repricing will be effective as of June 2, 2025. About Spark Energy Minerals Inc. Spark Energy Minerals, Inc. is a Canadian company focused on the acquisition, exploration, and development of battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil. The Company's flagship project is the Arapaima Lithium project spanning 64,359 hectares in Brazil's renowned Lithium Valley, one of the most prolific mining regions in the world. This region is rapidly gaining global recognition for its vast deposits of lithium and rare earth minerals, positioning Brazil as a critical player in the global energy transition. FOR ADDITIONAL INFORMATION SEE THE COMPANY'S WEBSITE AT: Email to info@ Eugene Hodgson, CEO, Tel. +1-778-744-0742 Forward-Looking Statement Disclaimer Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", "may be", or similar words (including negative or grammatical variations) suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to: the potential exercise of any Eligible Warrants and the success of the Warrant Repricing. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including the receipt of required regulatory approvals; current forecasts and anticipated utilization rates; the availability of debt and equity financing; and the level of competition in the marketplaces and industries in which the Company operates. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Spark Energy with the securities regulatory authorities, available at Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
