Tuesday March 18, 2008
Running Fox - A Diversified Energy
Entity: Acquires Specialty Oilfield Service Unit
Steven Schurman, P. Geol., (Colorado, U.S.), CEO,
reports:
Running Fox Resource Corp. is developing assets and
cash flow in four key divisions:
1. Energy Sector Oilfield Services and
Environmentally Beneficial Technology;
2. Oil and Natural
Gas Exploration and Production;
3. High-Grade Gold and Uranium
Exploration Mineral Projects; and
4. Environmental Services:
Encapsulation and Remediation For Oil/Gas and Mining.
Running Fox's first 9
month 07 revenues were $4.5 Million, with 12 months to be reported soon.
Recently, Running Fox Resource Corp. has entered
into an Agreement to acquire 100% of a private Alberta oilfield services company which will operate as a subsidiary of Running Fox.
Consideration is 2.4 million common shares, subject to TSX-V approval. The
management team of the private company will remain and continue with Running
Fox. The Alberta company brings strong personnel and technical expertise, and a
significant equipment and asset base to Running Fox. It operates in a segment of
the oilfield service sector that will be very complementary to Running Fox's
existing oilfield service divisions. This transaction also adds in-house personnel and specialty equipment capabilities for growth in Running Fox's oil
and natural gas exploration and production unit. Its services will also be
useful for uranium exploration and resource quantification.
As at March 18, 2008, Running Fox has 38.8 Million
shares outstanding with upside to energy, uranium, and gold prices.
On behalf of the Board of Directors: Steven
Schurman
Running Fox Resource Corp. 403 742 0527 www.foxgold.ca
The Company relies on legislation for forward
looking statements, seeking safe harbour.
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Running Fox Resource Corp.
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PRODUCTEUR |
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CODE : RUN.V |
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ISIN : CA7815861025 |
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Running Fox est une société d’exploration minière d'or basée au Canada. Running Fox est productrice d'or, de gaz et de pétrole au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est PINCHER CREEK au Canada et ses principaux projets en exploration sont BRETT et NEW MEXICO PROJECT au Canada. Running Fox est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,1 millions CA$ (822 566 US$, 749 193 €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,30 CA$, et son plus bas niveau récent le 09 août 2019 à 0,01 CA$. Running Fox possède 54 770 548 actions en circulation. |