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Oil & Gas Drilling

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Savanna Energy Services announces Receipt of demand for payment of termination fee

Tuesday, 18 Apr 2017 01:55pm EDT

April 18 (Reuters) - Savanna Energy Services Corp :Savanna energy services - received demand from western energy for payment of termination fee in amount of $20 million pursuant agreement dated March 8, 2017.Says "Savanna is of view there is no basis for claim made by Western in notice".

Seventy seven extends deadline for warrant exercises

Monday, 10 Apr 2017 09:10pm EDT

Patterson-uti Energy Inc : Seventy Seven Energy extends deadline for warrant exercises . SSE was extending deadline for holders of its outstanding warrants to exercise those warrants in advance of consummation of merger .Do not believe that extension of this deadline will impact consummation of merger.

Total Energy reaffirms Savanna shareholder support for its offer

Thursday, 23 Mar 2017 12:02pm EDT

Total Energy Services Inc : Total Energy reaffirms Savanna shareholder support for its offer .Total's offer remains open till March 24, 2017 unless Total offer is extended or withdrawn by Total Energy.

Mammoth Energy says successful auction bid to buy 1.5 mtpa Frac Sand Mine and processing plant for $35.25 mln

Thursday, 23 Mar 2017 11:40am EDT

Mammoth Energy Services Inc : Mammoth announces successful auction bid to acquire 1.5 mtpa frac sand mine and processing plant for $35.25 million .Intends to finance the $35.25 million purchase price with cash on hand and borrowings under its revolving credit facility.

Western Energy Services snnounces support agreements with Savanna Energy Services Corp. shareholders

Wednesday, 22 Mar 2017 08:25pm EDT

Western Energy Services Corp : Western Energy Services Corp announces support agreements with Savanna Energy Services Corp. shareholders . Says its proposed arrangemen with Savanna Energy Services has gained additional strong support from Savanna shareholders . Western Energy Services - shareholders holding about 25 pct of outstanding Savanna common shares have executed vote or said they intend to vote in favour of arrangement .Management expects that additional support for its proposed arrangement will be forthcoming.

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