Ensign Energy Services Inc. announced today an update on a number of corporate matters: Acquisition and Financing Update On November 27 and 28, 2018, Ensign announced the successful acquisition of a total of 66.73% of the outstanding common shares of Trinidad Drilling, including the 9.82% previously held by Ensign, which increased to 89.3% by [...]
Ensign Energy Services Inc. and Trinidad Drilling Ltd. announce that the amalgamation of Trinidad and Ensign Holdings Inc. will be completed on February 15, 2019. The Amalgamation was approved at the special meeting of holders of common shares of Trinidad held on January 31, 2019. Pursuant to the terms of the amalgamation agreement between Trinidad [...]
Ensign Energy Services Inc. and Trinidad Drilling Ltd. announce that at the special meeting of shareholders of Trinidad held earlier today, holders of common shares of Trinidad approved the amalgamation of Trinidad and Ensign Holdings Inc. A total of 247,542,440 Trinidad Shares, representing approximately 90.52% of the issued and outstanding [...]
Ensign Energy Services and Trinidad Drilling announced today that, pursuant to Trinidad's previously announced consent solicitation relating to its outstanding 6?% Senior Notes due 2025, approximately 99.5% of holders had consented to the adoption of the proposed amendments to the Notes, which amendments eliminate or modify substantially all of the [...]
Ensign Energy Services and Trinidad Drilling announce today that Trinidad has entered into an amalgamation agreement with Ensign Holdings Inc. under which Trinidad will amalgamate with Holdings, with the amalgamated entity becoming an wholly-owned subsidiary of Ensign. The Amalgamation, which is subject to the approval of the holders of common [...]
Ensign Energy Services Inc. and Trinidad Drilling Ltd. announced that Trinidad has commenced a change of control offer to purchase any and all of its outstanding 6?% Senior Notes due 2025 , at a price in cash equal to 101% of the principal amount of the Notes repurchased plus accrued and unpaid interest, if any, to the Settlement Date on Notes [...]
Ensign Energy Services and [wp=3081]Trinidad Drilling announce today Ensign's offer to purchase all the common shares of Trinidad for $1.68 per share has expired. Trinidad will proceed with the special meeting of Trinidad shareholders scheduled for January 31, 2019 to consider, and approve, a going private Subsequent Acquisition Transaction. The record date [...]
Ensign and Trinidad remind Trinidad shareholders that Ensign controls 86.73% of Trinidad common shares; offer final expiration at 5:00 p.m. on December 21, 2018 Last chance to receive $1.68 per Trinidad share in 2018 pursuant to the Offer rather than February 2019 if a Trinidad shareholder meeting is required to complete 100% acquisition of [...]
Trinidad Drilling Ltd. announces that Ensign Energy Services Inc. has confirmed to Trinidad that Ensign's wholly-owned subsidiary Ensign Holdings Inc. has taken up approximately 56.38 per cent of the common shares of Trinidad tendered to its offer for Trinidad Shares at $1.68 per share , which together with the 26,863,239 Trinidad Shares already [...]
Trinidad Drilling Ltd. today announced that its board of directors intends to waive the application of its shareholder rights plan on November 23, 2018 as the Shareholder Rights Plan is no longer required for its intended purpose. In accordance with the terms of the Shareholder Rights Plan, the waiver of the Shareholder Rights Plan applies to all [...]
Trinidad Drilling Ltd. today confirmed its continued support for a strategic share exchange merger with Precision Drilling Corp. . Following the completion of the Precision Transaction, the combined entity will be one of the largest North American land drillers, operating a high-quality fleet of 348 rigs in key US and Canadian basins, with an [...]
Trinidad Drilling Ltd. announced its third quarter and year-to-date 2018 results today. In the three and nine months ended September 30, 2018, industry conditions significantly improved compared to the prior year, driving higher operating days, higher dayrates and stronger operating income1 from the same periods last year. For the three and nine [...]
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