Oil
Commercial Solutions Inc. (TSX:CSA) announced its second quarter financial results for the three-month and six-month periods ended March 31, 2013, and reported revenues of $27.8 million.
Big Sky Petroleum Corporation (TSXV:BSP) reported a successful Q1 of 2013 following the acquisition of two lease blocks and test results from drilling at Wolfberry. Big Sky also provided investors with an update on its plans moving forward in 2013, with plans for expanding its projects in 2013 and conducting a leasing program with the Schleicher Prospect are that will target the highly selective areas for future development.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) is reviewing the $15,000,000 non-brokered private placement that was announced on March 6, 2013. Offers for multi-year financing structures from various investors and oil & gas companies in Indonesia have been received, and the Company is currently evaluating the terms and conditions of the offers.
Big Sky Petroleum Corp (TSXV:BSP) drilled the Schafer No.1 vertical Wolfberry Well on January 18th, located on its Texas Midland Basin Property. The Well is scheduled to be completed and frac’d during the week of February 18th.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) announced that a conference call and live webcast for analysts and investors will be hosted by its Chairman, Scott Stevens on Thursday, January 10, 2013 at 1:15 p.m. Pacific Daylight Time (4:15 p.m. Eastern Time). The impact of ExxonMobil’s joint venture will be discussed along with a 2012 recap, and the 2013 work program.
Commercial Solutions (TSX:CSA) announced that it has entered into a Letter of Intent with Industrial Distribution Group, Inc., where Industrial Distribution Group will acquire Commercial Solutions for a cash purchase price of CAD$51.38 million, translating into approximately CAD$1.50 in cash per Common Share.
