Millennium Acquisition of ENFRAC
Calgary, Alberta (August 14, 2014)
Millennium Stimulation Services Ltd. continues to execute on its objective to grow the business through both new equipment construction as well as strategic and synergistic acquisitions. Millennium is pleased to report that it has acquired ENFRAC Inc., the first major acquisition in Millennium's history. Millennium believes that ENFRAC will form an important part of its future growth strategy.
Millennium New Build and Financing
Calgary, Alberta (August 15, 2014)
Millennium Stimulation Services Ltd. would like to provide an update on its current operational and growth activities. Given that the Millennium has been recently operating at very high rates of utilization and based on its clients' commitments, Millennium is moving forward with a new 18,000 BHP coil frac spread with enhanced capability in cryogenic gas capability to further develop Millennium's LNG service strategy. In anticipation of this new build, Millennium has initiated a non-brokered private placement, as described in the link below.
Millennium Announces Successful Patent Awards
Millennium Stimulation Services Ltd. announced that it has been successfully awarded three patents by the Canadian Intellectual Property office for the use of Energized Natural Gas (ENGTM) to perform well fracturing operations.