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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

TSX:TID - Post Discussion

Tuscany International Drilling Inc > GTE & TID - MHR & ALPHA HUNTER DRILLING
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Post by veronikagermany on May 10, 2013 12:31pm

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

Comment by rapid_fire_ on May 10, 2013 7:31pm
This post has been removed in accordance with Community Policy
Comment by michelleb33 on May 11, 2013 7:30am
what is the nav on tuscany rapid. kind of feel slow for asking. lol
Comment by rapid_fire_ on May 12, 2013 2:15am
This post has been removed in accordance with Community Policy
Comment by uptowndog1 on May 12, 2013 9:51am
I guess we will all know in about 24 hrs which direction TID is going in. hopefully upwards and never look back
Comment by rapid_fire_ on May 12, 2013 11:03am
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Comment by rapid_fire_ on May 12, 2013 11:05am
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Comment by rapid_fire_ on May 12, 2013 11:07am
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