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ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s):  ACXAF

Energy Oil & Gas Drilling
ACT Energy Technologies Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning and rotary steerable services. The company also offers mud motors, MWD technology solutions, rotary steerable systems, drilling motors and components, and downhole technology products. It is also involved in the operation of real-time operations centers, that offers continuous monitoring, collaboration, and optimization services; and provision of equipment rental, training, maintenance, and repair services. ACT Energy Technologies Ltd. was formerly known as Cathedral Energy Services Ltd. and changed its name to ACT Energy Technologies Ltd. in July 2024. ACT Energy Technologies Ltd. was founded in 1998 and is based in Calgary, Canada.


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ACT Energy Technologies Ltd
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  • Betteryear2X
Post by Betteryear2on Mar 26, 2024 6:40pm
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Post# 35954186

Cathedral Energy Services Ltd. Reports 2023 Annual Results

Cathedral Energy Services Ltd. Reports 2023 Annual Results

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, AB, March 26, 2024 /CNW/ -

Cathedral Energy Services Ltd.'s (the "Company" or "Cathedral") news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws. For a full disclosure of forward-looking statements and the risks to which they are subject, see the "Forward-Looking Statements" section in this news release. This news release contains references to Adjusted gross margin, Adjusted gross margin %, Adjusted EBITDAS, Adjusted EBITDAS margin %, Free cash flow, Working capital and Net capital expenditures. These terms do not have standardized meanings prescribed under International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards") and may not be comparable to similar measures used by other companies. See the "Non-GAAP Measures" section in this news release for definitions and tabular calculations.

Cathedral Energy Services Ltd. Reports 2023 Annual Results (newswire.ca)

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