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Bri-Chem Corp (BRY.TO)

BRY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bri-Chem qtrly loss per share $0.01
Wednesday, 9 Aug 2017 08:19pm EDT 

Aug 9 (Reuters) - Bri-chem Corp :Qtrly loss per share $0.01 .Bri-Chem announces second quarter 2017 financial results.Qtrly consolidated revenue of $23.8 million, an increase of 191% from Q2 in 2016.  Full Article

Bri-Chem expands deeper into Texas Permian Basin
Tuesday, 13 Jun 2017 06:00am EDT 

June 13 (Reuters) - Bri-chem Corp :Bri-Chem expands deeper into Texas Permian Basin with new oil based mud blending plant and warehouse.Has further expanded its footprint in USA drilling fluids market by adding its fourth "strategically" located warehouse.Added second oil based mud blending plant for distribution of drilling fluid products in Texas, USA.Oil based mud plant and drilling fluids warehouse is located in Kermit.  Full Article

Bri-Chem announces qtrly earnings per share $0.03
Thursday, 11 May 2017 06:37pm EDT 

May 11 (Reuters) - Bri-Chem Corp :Bri-Chem announces first quarter 2017 financial results.Qtrly consolidated revenue of $33.9 million, an increase of 129% from Q1 in 2016.Qtrly earnings per share $0.03.Expect activity levels to remain at or near current levels for remainder of 2017.  Full Article

Bri-Chem Corp announces renewal of credit facilities
Wednesday, 17 Aug 2016 12:18pm EDT 

Bri-chem Corp : Bri-Chem announces renewal of credit facilities . To renew its senior credit facilities with a borrowing base of $20 million, down from $40 million . Says has now reduced its senior operating debt down from $54 million to $10 million as at June 30, 2016 . Credit facilities are now committed until August 12, 2017 . Amended certain terms of its subordinated debenture agreement, in conjunction with amendment to ABL facility .In accordance with amendment, will defer 4 quarterly principal payments due on Sept 30, 2016, Dec 31, 2016, March 31, 2017 and June 30, 2017.  Full Article

Bri-Chem posts Q2 loss $1.4 mln vs earnings of $372,895 last year
Thursday, 11 Aug 2016 06:18pm EDT 

Bri-Chem Corp : Bri-Chem announces second quarter 2016 financial results . Bri-Chem Corp -"expect an overall North American increase in activity levels for second half of year" . Bri-Chem Corp says "steps will continue to be implemented to right-size company's operations in all business segments in response to customer demand" . Bri-Chem Corp - Q-O-Q revenue decrease is result of significant decline in rig activity in USA, early and prolonged spring break up in Western Canada . Qtrly net loss was $1.4 million compared to net earnings of $372,895 for same period of 2015 . Bri-Chem - qtrly consolidated revenues from North American oil and gas drilling fluids distribution, blending and packaging businesses down 62.2 pct to $8.2 million .Bri-Chem-Co's "right-sizing" efforts that commenced in 2015 continued into H1 of 2016, now reduced senior operating debt down to $10.0 million.  Full Article

Bri-Chem posts Q1 net loss of $2.1 mln
Thursday, 12 May 2016 08:20am EDT 

Bri-Chem Corp : Q1 consolidated revenue from north american oil and gas drilling fluids distribution, blending,packaging units decreased 43.5 pct to $14.8 million . Net loss for three month period was $2.1 million compared to net earnings of $372,895 for same period of 2015 . Says "current industry forecasts are that remainder of 2016 capital expenditures will remained depressed" . Steps continue to be implemented to "right-size" company's operations in all business segments in response to reduced customer demand .Chem announces first quarter 2016 financial results.  Full Article

Bri-Chem announces amendments to credit facilities
Monday, 7 Dec 2015 08:00am EST 

Bri-Chem Corp:Entered into an agreement with its syndicate of lenders to make certain amendments to its credit facilities.Amended credit facility, with a maturity date of August 12, 2016 subject to further extension, provides for a borrowing base of up to $40 million, down from $90 million, which will result in lowering the Company's unused credit facility fee costs.  Full Article

BRIEF-Bri-Chem qtrly loss per share $0.01

* Qtrly consolidated revenue of $23.8 million, an increase of 191% from Q2 in 2016 Source text for Eikon: Further company coverage:

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