Enterprise Oilfield Group, Inc.

Published : October 02nd, 2014

Enterprise Group Takes Delivery of Direct Pipe(R) ...

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Germany | Growth | Swift | Water |

Enterprise Group Takes Delivery of Direct Pipe(R) System and Announces the System's First Major Project

ST. ALBERT, ALBERTA--(Marketwired - Oct 2, 2014) - Enterprise Group, Inc. ("Enterprise," or the "Company") (TSX:E) is pleased to announce that Calgary Tunnelling ("CT"), a subsidiary of the Company, has taken delivery of the Direct Pipe® System ("Direct Pipe"), one of the most technologically advanced and environmentally friendly tunnelling systems in the world. Direct Pipe, manufactured by Herrenknecht of Germany, is a sophisticated hybrid that incorporates the best features of both micro tunnelling and horizontal directional drilling ("HDD"). Enterprise's addition of Direct Pipe places the Company at the forefront of trenchless technology in North America, and will allow the Company to pursue a new level of potential projects. This addition also provides Enterprise with a distinct competitive advantage, as Enterprise is the only Canadian company to own a new fully OEM Direct Pipe system.

The Direct Pipe system is unique in both its design and operation, substantially reducing or eliminating most of the issues associated with waterway pipeline crossings and installations under environmentally sensitive areas or in congested or populated areas. Projects in these sensitive environments tend to be met with considerable objection. The Direct Pipe technology reduces the risks that form the basis of this objection, and as a result has become highly regarded by both the engineering and environmental communities. Major pipeline owners and operators are keenly aware of the benefits created by the Direct Pipe system, in particular its economic advantages, swift installation, and significantly reduced environmental impact.

From a technical perspective, the Direct Pipe system is a single pass installation of prefabricated pipeline that can operate in any geology. Its technique eliminates pullback and reaming, uses 70% less bentonite than comparable methods, and significantly reduces the possibility of frac outs, particularly under waterway crossings. Unlike HDD, Direct Pipe facilitates a borehole that is completely supported through the entire installation process. A sophisticated earth pressure balanced system results in no downhole pressure, and Direct Pipe uses twin vertical and horizontal steering systems to achieve incredible accuracies on distances up to and over 1500 meters. It requires access from only one side, and is therefore the perfect system for water outfalls.

Enterprise's other unique technologies will allow the Direct Pipe system to operate within extreme winter conditions. The system employs a fully contained slurry circuit and separation plant, creating high volumes of circulating fluids that could potentially pose challenges when operated at freezing temperatures. However, when coupled with the flameless heating technology and scaffolding and hoarding expertise offered by Enterprise's other subsidiaries, the Company is fully capable of operating the Direct Pipe system in arctic conditions. Enterprise believes that its ability to offer year-round applications will create significant opportunities for new projects, further distinguishing the Company from its competitors.

First Direct Pipe Application

Enterprise would also like to announce that CT has been awarded a significant waterway crossing project from a major Alberta based corporation. The Direct Pipe system will be employed to install a 42-inch pipe casing under the Bow River in the city of Calgary, Alberta. The value of this project, which the Company expects to complete within the fourth quarter of 2014, is approximately $2.5 million.

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily construction services and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth. Enterprise acquired of Artic Therm International Ltd. in September 2012, Calgary Tunnelling & Horizontal Augering Ltd. in June 2013, and Hart Oilfield Rentals in January 2014.

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Canada | Germany | All
Gold and Silver Prices for these countries : Canada | Germany | All

Enterprise Oilfield Group, Inc.

CODE : E.TO
ISIN : CA29373A1057
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Enterprise Oilfield is based in Canada.

Enterprise Oilfield is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 61.2 millions as of today (US$ 44.8 millions, € 41.9 millions).

Its stock quote reached its highest recent level on April 01, 2011 at CA$ 3.89, and its lowest recent point on October 07, 2011 at CA$ 0.02.

Enterprise Oilfield has 55 650 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Enterprise Oilfield Group, Inc.
5/17/2013Announces Intention to Seek Shareholder Approval for Private...
4/25/2013Announces Private Placement of Common Shares
3/26/2013Announces Convertible Debenture With Michael Wekerle's Diffe...
2/12/2013Announces Private Placement of Units
11/30/2011Announces Closing of Zero Percent (0%) Financing Facility
2/28/2007$10 Million Private Placement
Nominations of Enterprise Oilfield Group, Inc.
1/17/2013Announces Warren Cabral as Chief Financial Officer
1/17/2013Announces Warren Cabral as Chief Financial Officer
1/17/2013Announces Warren Cabral as Chief Financial Officer
1/17/2013Announces Warren Cabral as Chief Financial Officer
Financials of Enterprise Oilfield Group, Inc.
5/9/2013Announces First Quarter Results
3/19/2013Announces Fourth Quarter 2012 Results
5/14/2012Announces First Quarter Results
3/30/2012Announces 2011 Year End Results
2/23/2012Announces Fourth Quarter Results
8/15/2011Announces Second Quarter Results
3/29/2011Announces 2009 Year End Results
5/12/2008Announces First Quarter Results
Corporate news of Enterprise Oilfield Group, Inc.
10/22/2015Enterprise to Report Third Quarter 2015 Results on November ...
10/2/2015Enterprise Group, Inc. Announces Closing of Private Placemen...
8/11/2015Enterprise Announces Debt Covenant Adjustments
7/30/2015Enterprise to Report Second Quarter 2015 Results on August 1...
7/13/2015Enterprise Group Appoints G. Reginald Belyea, P.Eng., PMP, t...
6/24/2015Enterprise Group, Inc. Announces 3:1 Consolidation of Shares
3/30/2015Enterprise Group Announces Results for the Fourth Quarter an...
3/23/2015Enterprise to Report Fourth Quarter and Full Year 2014 Resul...
12/3/2014DIRECT PIPE PRACTICAL TECHNOLOGY
11/13/2014Enterprise Group Announces Record Third Quarter 2014 Revenue...
10/15/2014ENTERPRISE GROUP COMPLETES ACQUISITION OF WESTAR OILFIELD RE...
10/2/2014Enterprise Group Takes Delivery of Direct Pipe(R) System and...
9/30/2014Enterprise Group Completes 2014 Capital Expenditure Program ...
8/13/2014Enterprise Group Announces Results for the Second Quarter of...
7/31/2014Enterprise Group Announces LOI to Acquire Oilfield Site Serv...
6/19/2014Enterprise Group, Inc. Announces Board Appointment
6/13/2014Enterprise Group, Inc. Announces Voting Results of Election ...
5/27/2014Enterprise Group Announces New Contract for Hart Oilfield Re...
5/13/2014Enterprise Group Announces Results for the First Quarter of ...
3/31/2014Enterprise Group, Inc. Announces 2013 Year End Financial Res...
10/25/2013Announces Two New Contracts
9/24/2013Plans to Become a U.S. Reporting Issuer
9/17/2013Provides Corporate Update
6/17/2013Announces Closing of a Specialized Underground Infrastructur...
5/28/2013Announces Closing of Private Placement of $4.12 Million in C...
5/2/2013Announces Increase to Existing Finance Facility
9/13/2012Closes Finance Facility and Acquisition of Flameless Heating...
9/5/2012Announces Letter of Intent to Purchase Flameless Heating Ren...
8/28/2012Announces $12.5 Million Finance Facility
8/9/2012Announces Letter of Intent to Purchase Utility Services Comp...
7/25/2012Announces Name Change
6/19/2012Announces Results of Annual & Special Meeting
12/5/2011SPUDS MONTANA BAKKEN/THREE FORKS WELL
3/28/2008Announces 2007 Year End Results
1/14/2008Provides Corporate Update
11/20/2007Announces Renewal of Normal Course Issuer Bid
9/29/2007Completes Reorganization
8/10/2007List on TSX August 13
5/30/2007New name and symbol
5/23/2007Oil announces Q2 results
5/7/2007Completes Third Acquisition
4/26/2007Announces the Proposed Addition of Nick DeMare to the Board
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (E.TO)FRANKFURT (3EO.F)
1.10+0.92%0.206-50.95%
TORONTO
CA$ 1.10
04/25 16:59 0.010
0.92%
Prev close Open
1.09 1.10
Low High
1.09 1.11
Year l/h YTD var.
0.760 -  1.23 44.74%
52 week l/h 52 week var.
0.400 -  1.23 165.06%
Volume 1 month var.
208,347 29.41%
24hGold TrendPower© : -1
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024111.54%
202335.06%0.550.36
202222.22%0.460.28
202143.18%0.370.18
202015.79%0.300.10
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :