Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

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Acceleware Ltd > OT but wow Strathcona to buy Serafina Energy for C$2.3 bln

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Post by Whampoaon Aug 03, 2022 1:26pm

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Post# 34868645

OT but wow Strathcona to buy Serafina Energy for C$2.3 bln

https://www.reuters.com/markets/deals/privately-owned-canadian-oil-firm-strathcona-buy-serafina-energy-c23-bln-2022-08-03/

Privately-owned Canadian oil firm Strathcona to buy Serafina Energy for C$2.3 bln

By Shariq Khan and Rod Nickel

2 minute read

Aug 3 (Reuters) - Strathcona Resources has agreed to buy private equity-backed Serafina Energy for C$2.3 billion ($1.8 billion), sources with direct knowledge of the matter told Reuters on Wednesday, marking the largest acquisition by the Canadian private oil and gas producer.

The deal is scheduled to close on Aug. 29, the sources said. Neither Strathcona nor Serafina responded to requests for comment.

Reuters reported in March that Serafina's private equity owners, Pine Brook Partners and Camcor Partners, were eyeing a sale of the company.

Serafina produces 40,000 barrels of oil equivalent per day in the province of Saskatchewan, while Strathcona is focused on the Montney basin, in Alberta and British Columbia, and currently produces 110,000 to 115,000 barrels of oil equivalent per day, mainly liquids.