Val-Matic enters UK with sewage plant project
Val-Matic has entered the United Kingdom market with a major project for Thames Water. The project involved an upgraded contract valued at over US189 million for work at east London’s Crossness Sewage Treatment Plant.
Fairborne Energy sells oil assets
Fairborne Energy Ltd. is going to sell its oil assets in the Greater Sinclair area in the Canadian provinces of Manitoba and Saskatchewan to an undisclosed private oil and gas company for CAD80million in order to reduce debt.
Whitehorse Trough exploration project cancelled
Following a public outcry, the government of Canada’s Yukon territory has announced that it will not pursue oil and gas exploration work in its Whitehorse Trough area.
Bentley & Exito to combine
Bentley Oil & Gas, a privately held company, has an agreement that will give it control of capital pool company, Exito Energy Inc. Exito will issue shares to acquire Bentley in the reverse takeover and due to the number of Exito shares to be issued, a majority of the public stock will be held by Bentley’s shareholders.
Infinity to pursue Nicaragua offshore concession
Independent oil and gas exploration and development company, Infinity Energy Resources, Inc. entered into a definitive agreement with Amegy Bank and Offishore Finance, LLC to convert all debt owed by the company to both entities into Convertible Preferred and Infinity Common Stock.