June 23, 2017 5:42 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Dalmac Oilfield Services Inc.

Company Overview

Dalmac Oilfield Services Inc. operates a fleet of trucks with mounted equipment used in the oil and gas industry in North Western Alberta. The company’s trucks includes hot oilers, tank trucks and trailers, hydrovacs, combination vacuum trucks, tandem pressure trucks, mini pumpers, and filtration units. It also provides tank farm facilities for storage purposes. The company was founded in 1955 and is based in Edmonton, Canada with additional locations in Fox Creek, Edson, Warburg, and Alberta. Dalmac Oilfield Services Inc. operates as a subsidiary of Dalmac Energy Inc.

4934 - 89 Street

Edmonton, AB T6E 5K1

Canada

Founded in 1955

Phone:

780-988-8510

Fax:

780-988-8512

Key Executives for Dalmac Oilfield Services Inc.

Dalmac Oilfield Services Inc. does not have any Key Executives recorded.

Dalmac Oilfield Services Inc. Key Developments

Dalmac Oilfield Enters into Joint Venture Agreement with Professional Consulting Solutions Ltd

Dalmac Energy Inc. announced that on August 18, 2016 it entered into a financing arrangement with BDC Capital Inc. for $1.5 million (the “Loan”), as the borrower. The Loan shall be repayable by way of one balloon payment of $1.5 million on August 31, 2021, with interest payable monthly until maturity and excess cash sweeps throughout the term of the Loan. As a condition to the completion of the BDCC Financing, Dalmac engaged in a sale of certain motor vehicle equipment. As part of the disposition, Dalmac Oilfield entered into a joint venture agreement with Professional Consulting Solutions Ltd. which pursuant to the terms and conditions of the Agreement, Dalmac Oilfield transferred a 50% interest in the Assets to PCS for $250,000. Dalmac will be able to utilize the Assets in its business on an ongoing basis, pursuant to the rental terms in the Agreement.

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Recent Private Companies Transactions

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