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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by veronikagermanyon May 10, 2013 12:31pm
155 Views
Post# 21370636

GTE & TID - MHR & ALPHA HUNTER DRILLING

GTE & TID - MHR & ALPHA HUNTER DRILLING

GTE's insider (Jeff  Scott)  resigned from TID board few days ago to avoid any conflict of interest now that the strategic review has started  for  TID.

GTE  could  be  one  of  the suitors of TID as several energy companies have their  own  drilling subsidiaries to reduce their costs  through synergies  and  get  contracts  from  other  E&P  companies  too.  

The doubting Thomas can check out  MHR (Magnum  Hunter)  and its drilling  subsidiary:

 

Magnum Hunter Resources Corporation (NYSEMHR) announced today that the Company's wholly-owned subsidiary, Alpha Hunter Drilling, LLC ("Alpha Hunter") has taken possession of a new Schramm T500XD robotic drilling rig. The Company plans to utilize the Schramm T500XD drilling rig to drill exclusively Company owned wells planned in the Utica formation located in Southeastern Ohio for the next three years. With the addition of this new drilling rig, Alpha Hunter's fleet has now grown to five rigs.

 

This is the link from  YAHOO:

 

https://finance.yahoo.com/news/magnum-hunter-subsidiary-announces-acquisition-120000983.html

 

 

 

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