September 28, 2016 9:11 PM ET

Commercial Services and Supplies

Company Overview of Ceiba Energy Services Inc.

Company Overview

Ceiba Energy Services Inc. provides specialized environmental services primarily to the companies involved in the exploration, extraction, and production of oil and natural gas in western Canada. The company owns and operates custom treating, water disposal, and waste fluid disposal and terminalling facilities in Alberta. It offers crude oil emulsion treatment, produced water and waste fluid disposal, and crude oil terminalling and marketing services. The company was formerly known as Cancen Oil Canada Inc. and changed its name to Ceiba Energy Services Inc. in July 2013. Ceiba Energy Services Inc. was incorporated in 2010 and is headquartered in Calgary, Canada.

521–3rd Avenue SW

Suite 910

Calgary, AB T2P 3T3

Canada

Founded in 2010

27 Employees

Phone:

403-262-2783

Fax:

403-263-0603

Key Executives for Ceiba Energy Services Inc.

Interim Chief Executive Officer, Chief Operating Officer and Director
Total Annual Compensation: C$236.1K
Chief Financial Officer and Corporate Secretary
Total Annual Compensation: C$184.1K
Senior Vice President of Sales & Business Development
Total Annual Compensation: C$200.4K
Compensation as of Fiscal Year 2015.

Ceiba Energy Services Inc. Key Developments

Ceiba Energy Services Inc. Announces Executive Changes

Ceiba Energy Services Inc. announced that it has initiated a process to identify, examine and consider a range of strategic alternatives available to the Company with a view to enhance shareholder value. The company's Board of Directors has determined that it is timely to evaluate strategic alternatives aimed at enhancing shareholder value. Accordingly, Peters & Co. Limited has been engaged by the Company as its exclusive financial advisor to assist in this comprehensive review and analysis, and a Special Committee of the Board, consisting of directors Brian Petersen (Chair), Ralph Hesje and Ron Sifton, has been formed to oversee this process. In recognition of his efforts the Board of Directors announced that Richard Lane has been appointed Interim Chief Executive Officer ("CEO") of the Company. Mr. Lane will retain the position of Chief Operating Officer of Ceiba and assumes the CEO position which had previously been vacant.

Ceiba Energy Considers Multiple Strategic Alternatives

Ceiba Energy Services Inc. (TSXV:CEB) is considering multiple alternatives for the company’s growth. Ceiba has initiated a process to identify, examine and consider a range of strategic alternatives available to the company with a view to enhance shareholder value. The Company has identified a number of growth opportunities, both organic and by way of acquisition, which would require significant capital over the next few years. In the current public market conditions, pursuing these opportunities may require alternative sources of capital. Therefore, the strategic review may include, among other alternatives, assessing different methods of expanding Ceiba's asset base, by way of financing, acquisition, merger, joint venture or other initiatives, or any combination of the foregoing. In each case, the objective is to establish a well-capitalized entity that can best develop the future opportunities available to the Company, with a view to enhancing value for its shareholders. Ceiba's Board of Directors has determined that it is timely to evaluate strategic alternatives aimed at enhancing shareholder value. Ceiba's Board of Directors has determined that it is timely to evaluate strategic alternatives aimed at enhancing shareholder value. Accordingly, Peters & Co. Limited has been engaged by the company as its exclusive financial advisor to assist in this comprehensive review and analysis, and a Special Committee of the Board, consisting of directors Brian Petersen (Chair), Ralph Hesje and Ron Sifton, has been formed to oversee this process.

Ceiba Energy Services Inc. Presents at Peters & Co. Limited 20th Annual Fall Energy Conference, Sep-14-2016 08:20 AM

Ceiba Energy Services Inc. Presents at Peters & Co. Limited 20th Annual Fall Energy Conference, Sep-14-2016 08:20 AM. Venue: The Ritz-Carlton, 181 Wellington Street West, Toronto, Ontario, Canada.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 6, 2016
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