Spindletop Oil & Gas Announces Board Review of Strategic Alternatives

Source: www.gulfoilandgas.com 7/27/2021, Location: North America

Spindletop Oil & Gas Co. announced that its Board of Directors has initiated a review of strategic alternatives to attempt to enhance shareholder value. Strategic alternatives may include a possible sale of all or a material portion of assets, either in one transaction or in a series of transactions, a merger of the Company or other form of business combination involving the Company and a third party, the purchase of additional assets or the outright sale of the Company or recapitalization of the Company.

No definitive timeline has been established for this process and there can be no assurance that the strategic alternatives review process will result in a transaction or other strategic change or outcome. The company does not expect to discuss or disclose further developments regarding the strategic alternatives review process unless and until its Board of Directors has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or required by law.


Netherlands/Holland >>  9/20/2021 - Viaro Energy, the independent British energy company operating in Europe, has announced the signing of a Sale and Purchase Agreement with NAM for the ...
United States >>  9/20/2021 - Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leadi...

India >>  9/17/2021 - Cambay India Update
Following the execution of the sale and purchase agreement to purchase the Gujarat State Petroleum Company's 55% participatin...

Brazil >>  9/16/2021 - Petrobras, in continuity with the communication of 06/28/2021, informs that it has concluded the non-binding phase started on 07/08/2021 regarding the...

Canada >>  9/16/2021 - Suncor announced the signing of agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB) to acquire all of TC ...
Gambia >>  9/16/2021 - PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, is pleased to provide the following updat...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.