Core Viewpoint - Orca Energy Group Inc. provides an operational update highlighting challenges related to the expiration of the Interim Power Purchase Agreement with Songas Limited, which may lead to an indefinite shutdown of the Songas Power Plant and impact gas production from the Songo Songo gas field [2][3][12] Production and Operations - The annual average production guidance for Additional Gas is now forecasted to be between 65 - 68 million cubic feet per day (MMcfd), excluding volumes previously expected to be supplied to Songas [3] - Following the cessation of Protected Gas on July 31, 2024, Songas continued to lift gas volumes at an average rate of 17.8 MMcfd in August and September, but payment issues arose due to the Tanzania Petroleum Development Corporation's (TPDC) refusal to approve a Gas Sales Agreement [4][5] - The workover program on well SS-7 is ongoing, with expectations to restore production by November 2024, although project costs have increased to $22 million due to logistical and weather delays [7] Commercial Developments - The company issued a Notice of Dispute against the Government of Tanzania regarding breaches of investment agreements and contractual disputes, with initial meetings held but no resolution reached [8] - PAET has continued to supply gas to Tanzania Portland Cement PLC, but invoicing issues have arisen due to TPDC's refusal to approve the Supplementary Gas Agreement, leading to outstanding invoices totaling $5.39 million [9] Financial Overview - As of September 30, 2024, the company reported cash and cash equivalents of $101.7 million, an increase from $97.2 million as of June 30, 2024, with no change in long-term debt [10] - The receivable from TANESCO was reported at $8.1 million, with a long-term receivable of $22 million as of the same date [10]

Core Viewpoint - Clean Energy Technologies, Inc. (CETY) has signed a Memorandum of Understanding (MOU) with Exergy International Srl to enhance growth in heat recovery solutions through the promotion and support of Exergy's Organic Rankine Cycle (ORC) systems across the Americas and potentially other regions [1][3]. Company Overview - CETY specializes in eco-friendly energy solutions, clean fuels, and alternative power for small and mid-sized projects in the Americas, Europe, and Asia [1][5]. - Exergy is a leading provider of ORC systems, focusing on high-capacity solutions utilizing the Radial Outflow Turbine, with a portfolio exceeding 550 MWe [2][4]. Strategic Partnership - The partnership aims to expand Waste Heat to Power solutions, targeting industries such as cement, steel, glass, oil & gas, and utilities [1][3]. - The collaboration is expected to drive significant growth in the waste heat recovery sector, aligning with the increasing demand for energy-efficient solutions [2][3]. Market Potential - CETY's CEO, Kam Mahdi, highlighted the partnership as a scalable platform to address a wide range of ORC applications, including waste heat recovery and geothermal projects [3]. - Exergy's General Manager, Luca Pozzoni, emphasized the American market as a key focus for growth, aiming to establish new ORC references in the region [3]. Industry Trends - The demand for ORC solutions is anticipated to rise as industries prioritize sustainable energy practices, positioning CETY and Exergy to set new standards in energy-efficient solutions globally [3].

Orchid Island Capital, Inc. (NYSE:ORC) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO Conference Call Participants Jason Weaver - JonesTrading Mikhail Goberman - Citizens JMP Jason Stewart - Janney Montgomery Scott Christopher Nolan - Landenburg Thalmann & Co. Eric Hagen - BTIG Operator Good morning and welcome to the Third Quarter 2024 Earnings Conference Call of Orchid Island Capital. This call is being recorded today, ...

Financial Performance - Net income for the nine months ended September 30, 2024, was $32.1 million, or $0.53 per share, compared to a net loss of $66.4 million, or $1.58 per share, for the same period in 2023[119] - The company reported a net loss of $66.353 million for the three months ended September 30, 2023, with a net loss per share of $1.58, while for the same period in 2024, the net income was $17.320 million, translating to a net income per share of $0.24[125] - The company reported net portfolio income of $44.5 million for the nine months ended September 30, 2024, compared to a net loss of $51.9 million for the same period in 2023, indicating a change of $96.4 million[119] - Economic net interest income for the nine months ended September 30, 2024, was $86.1 million, compared to $45.6 million for the same period in 2023, indicating a substantial improvement in economic performance[138] Interest Income and Expenses - Interest income increased by $41.6 million to $169.6 million for the nine months ended September 30, 2024, compared to $128.0 million for the same period in 2023[119] - Interest income from RMBS assets for the nine months ended September 30, 2024, was $169.6 million, an increase of $41.6 million from $128.0 million in the same period of 2023, driven by a 106 basis point increase in yield[136] - Total interest expense for the nine months ended September 30, 2024, was $172,428 thousand, up from $149,593 thousand in the same period of 2023, a rise of 15%[151] - The company incurred net interest expense of $2.8 million for the nine months ended September 30, 2024, compared to $21.6 million for the same period in 2023, reflecting a significant decrease in net interest expense[136] Shareholder Activities - The company repurchased a total of 5,144,602 shares at an aggregate cost of approximately $77.5 million, with a weighted average price of $15.07 per share since the inception of the stock repurchase program[115] - The company issued a total of 24,675,497 shares under the March 2023 Equity Distribution Agreement for aggregate gross proceeds of approximately $228.8 million[111] - The company issued a total of 15,309,022 shares under the June 2024 Equity Distribution Agreement for aggregate gross proceeds of approximately $128.6 million, with net proceeds of approximately $126.5 million[191] Risk Management - The company utilized various derivative instruments to hedge interest rate risks, which are not included in GAAP interest expense, allowing for a clearer view of economic interest expense[129] - The company faces liquidity risk due to financing long-term assets with shorter-term borrowings, which could lead to increased margin calls if the value of pledged Agency RMBS or derivative instruments decreases[233] - Counterparty credit risk exists related to potential losses if counterparties to repurchase agreements and derivative contracts fail to perform, despite efforts to mitigate this risk through collateral adjustments[236] Market Conditions - The Fed lowered the Fed Funds rate by 50 basis points in late September 2024, marking the first interest rate cut since March 2023, which is expected to impact the company's operations positively[194] - The anticipated increase in mortgage refinance applications following the Fed Funds rate cut in September 2024 may accelerate the balance sheet reduction process[201] - The Agency RMBS index generated a total return of 0.2% for Q2 2024, compared to 4.3% for the S&P 500, indicating modest performance in the risk asset category[199] Operational Efficiency - Total expenses for the nine months ended September 30, 2024, were $12.4 million, a decrease of $2.1 million from $14.5 million for the same period in 2023[119] - Management fees for the nine months ended September 30, 2024, were $6,867,000, a decrease of $1,349,000 (16.4%) compared to $8,216,000 for the same period in 2023[162] - The company has sufficient short-term and long-term liquidity and capital resources for acquisitions, repayments on borrowings, and dividend payments[180] Dividend Information - The company intends to pay regular monthly dividends, having declared a dividend of $0.12 per share to be paid on November 27, 2024[217] - The company reported a total dividend payout of $67.65 per share since its IPO, amounting to $685.335 million[217] Portfolio Performance - The RMBS portfolio as of September 30, 2024, consisted of $5,442.8 million in Agency RMBS at fair value, with a weighted average coupon of 4.90%[169] - Unrealized gains on RMBS for the nine months ended September 30, 2024, were $161.919 million, compared to a loss of $210.159 million in the same period of 2023[159] - The average RMBS held increased to $4,984,279 thousand for the three months ended September 30, 2024, compared to $4,447,098 thousand for the same period in 2023, reflecting a growth of 12%[141] Economic Indicators - The 30-year fixed-rate mortgage rate as of September 30, 2024, was 6.08%, down from 7.31% in the same period of 2023[157] - The average 10-year U.S. Treasury rate as of September 30, 2024, was 3.80%, down from 4.57% in the same period of 2023[157] - The average SOFR for the three months ended September 30, 2024, was 5.16%, compared to 5.32% for the same period in 2023, indicating a decrease of 0.16%[152] Internal Controls - There were no significant changes in the company's internal control over financial reporting during the most recent fiscal quarter that materially affected its effectiveness[239] - The company has effective disclosure controls and procedures in place, ensuring timely communication of information to management[238]

8 Q3 2024 Earnings Supplemental Materials October 25, 2024 1 Disclaimers Forward-Looking Information This presentation contains forward-looking statements and information. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," " ...

Exhibit 99.1 ORCHID ISLAND CAPITAL ANNOUNCES THIRD QUARTER 2024 RESULTS VERO BEACH, Fla. (October 24, 2024) – Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended September 30, 2024. Third Quarter 2024 Results ● Net income of $17.3 million, or $0.24 per common share, which consists of: ● Net interest income of $0.3 million, or less than $0.01 per common share ● Total expenses of $4. ...

VERO BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended September 30, 2024. Third Quarter 2024 Results Net income of $17.3 million, or $0.24 per common share, which consists of:Net interest income of $0.3 million, or less than $0.01 per common shareTotal expenses of $4.3 million, or $0.06 per common shareNet realized and unrealized ga ...

VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the third quarter of 2024 following the close of trading on the New York Stock Exchange on Thursday, October 24, 2024. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, October 25, 2024, at 10:00 AM ET. Participants can register and receive dial ...

TORTOLA, British Virgin Islands, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company" and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and six month periods ended June 30, 2024 ("Q2 2024") with the Canadian securities regulatory authorities. All amounts are in United States dollars ("$") unless otherwise stated. Highl ...

TORTOLA, British Virgin Islands, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company") (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share ("Class A Shares") of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on October 14 , 2024 to holders of Class A Shares and Class B Shares of record on September 3 ...