Edition:
United Kingdom

Trican Announces First Half 2018 Capital Program


Monday, 11 Dec 2017 

Dec 11 (Reuters) - Trican Well Service Ltd ::TRICAN ANNOUNCES FIRST HALF 2018 CAPITAL PROGRAM, UPDATES THE STATUS OF ITS NORMAL COURSE ISSUER BID AND PROVIDES AN OPERATIONAL UPDATE.TRICAN WELL SERVICE LTD - EXPECTS MODEST H1 2018 CAPITAL PROGRAM WITH ALLOCATION OF $22 MILLION FOR MAJOR COMPONENTS.TRICAN WELL SERVICE LTD - PLEASED TO ANNOUNCE ITS CAPITAL PROGRAM OF $44 MILLION FOR FIRST HALF OF 2018.TRICAN WELL SERVICE LTD - TRICAN MAY STILL PURCHASE AN ADDITIONAL 28.6 MILLION COMMON SHARES OVER NEXT 10 MONTHS OF PROGRAM.TRICAN WELL SERVICE - NOT PLANNING TO BUILD OR GROW HYDRAULIC HORSEPOWER BEYOND CURRENT TOTAL FOOTPRINT OF 680,000 HHP.TRICAN WELL SERVICE - "Q3 STRONG ACTIVITY LEVELS CONTINUED INTO FIRST HALF OF Q4".TRICAN WELL SERVICE SEES LOWER OVERALL PROPPANT VOLUMES FOR Q4 VERSUS Q3 PROPPANT VOLUMES OF 563,000 TONNES.TRICAN WELL - DURING OCTOBER AND NOVEMBER TRICAN PROPPANT VOLUMES WERE ABOUT 310,000 TONNES.TRICAN WELL - "CONTINUE TO HAVE VISIBILITY FOR SIGNIFICANT FIRST HALF 2018 DEMAND". 

Related Company News

Company Quote

1.18
0.02 +1.72%
13 Sep 2019