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Off-market insider buying at Cathedral Energy Serv (T:CET)

Updated Monday May 02, 2022 04:29 AM EDT

Roderick Donald Maxwell, a Director, acquired 714,300 Common Shares on a control or direction basis for registered holder Sharron Maxwell at a price of $0.700 through a prospectus or prospectus exempt offering on April 25th, 2022. The insider also acquired 357,150 Warrants with an exercise price of $0.850 through a prospectus or prospectus exempt offering on April 25th, 2022. This represents a $500,010 investment into the company's shares and an account share holdings change of 39.9%.

Cathedral Energy Serv is in the Oil & Gas Drilling Sub Industry Group under the Energy Sector.

Cathedral Energy Services Ltd. is a Canada-based energy services company. The Company is engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Company provides horizontal and directional drilling services. These services are provided in conjunction with the use of drilling rigs provided by drilling contractors who deal independently with Company's customers. Its Measurement-While-Drilling (MWD) systems are installed in the drill string as part of the bottom hole assembly (BHA) to provide measurements of trajectory parameters, such as inclination, direction, tool-face and temperature. Its MWD fleet consists of technologies, such as RapidFire, FUSION, FUSION EM (Electro Magnetic), FUSION RP (Rotary Pulse), FUSION DT (Dual Telemetry), FUSION LP (Linear Pulse) and FUSION EMc2 Downhole Generator, among others. Its Canadian operations facilities are located in Calgary, Alberta and Nisku, Alberta.

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Go to Cathedral Energy Services Ltd. (CET)'s company page

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