An entity created in conjunction with the sale of Turnstone Energy Inc. to Spur Petroleum Ltd., it provides Turnstone shareholders with the opportunity to participate in growth opportunities associated with Turnstone’s historic business, particularly related to potential future development in the Godin Area through a newly formed RoyaltyCo.
Sun Country is a private well-servicing contractor operating out of Estevan, Saskatchewan. The company’s use of newly constructed freestanding mobile service rigs, combined with a highly experienced management team and a board of industry veterans, will allow Sun Country to attract a diverse set of top-tier clients.
Turnstone Energy is an oil and gas producer operating in Southeast and Southwest Saskatchewan, led by the former management team of Flagstone Energy and Capstone Energy. The management team has generated strong returns in previous companies by allocating capital efficiently and targeting shallow oil plays.
Steel Reef Infrastructure Corp. is a midstream infrastructure company with operations focused in Saskatchewan and Alberta. SaskWorks’ investment in Steel Reef represents entry into a new oil and gas services sub-sector, helping to reduce both portfolios’ direct commodity exposure while providing a steady income stream.
Stampede Drilling (previously MATRRIX Energy Technologies Inc.) delivers horizontal and directional drilling equipment and services, producing predictable, repeatable, safe results through focused, disciplined, fact based decision-making and field execution.
Spur Resources has oil and gas assets in Alberta and Saskatchewan and is well-regarded for its operating efficiencies. SaskWorks’ investment will help finance the company’s acquisition of assets in Western Saskatchewan and provide operating capital to allow for Spur’s ongoing development.
Plains Environmental Inc. is involved in the treatment, processing and disposal of oilfield wastes. Plains’ range of service, including both solid and liquid waste processing capabilities, represents a significant competitive advantage will allow for the company’s future growth.
Karve Energy Inc. is an oil and gas exploration and development company that is focused on the Viking play in West Central Saskatchewan.
Firesky Energy Inc. is a Southeast Saskatchewan focused oil and gas exploration and development company.