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Oil & Gas Drilling

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Mitchell Services Ltd announces acquisition

Monday, 8 Jun 2015 06:42pm EDT

Mitchell Services Ltd:Says it has entered into an agreement to acquire the drilling rigs and associated assets of Nitro for $16.1 million (Acquisition), positioning the company for continued growth as a provider of drilling services within Eastern Australia.Says the Nitro assets include 25 drilling rigs, including 20 Tier 1 rigs, 3 grouting units and an array of other support equipment and inventory.

Saga Tankers: mandatory offer obligation for remaining shares in S.D Standard Drilling

Wednesday, 20 May 2015 09:55am EDT

Saga Tankers ASA:Has purchased 78,338,000 shares in S.D Standard Drilling Plc (SDSD) at a price of 1.35 Norwegian crowns per share corresponding to a total purchase price of 105,756,300 crowns.Acquisition thereby implies that Saga Tankers ASA triggers a mandatory offer obligation for purchase of remaining shares in SDSD.

Saga Tankers and associated companies reach 53.5 pct in S.D Standard Drilling Plc

Wednesday, 20 May 2015 08:19am EDT

SD Standard Drilling Plc:Saga Tankers ASA has on May 20 purchased 78,338,000 shares in S.D Standard Drilling Plc.After transaction Saga Tankers and associated companies have total holding of 140,078,869 shares in S.D Standard Drilling Plc representing 53.5 pct.

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