Brief: PHX Energy Services Corp - Entered Into A Preliminary Sale And Purchase Agreement With Well Tech Services Ltd

PHX Energy Services

14/12/2020 12:43

Dec 14 (Reuters) - PHX Energy Services Corp  PHX.TO :
    * PHX ENERGY SERVICES CORP -  ENTERED INTO A PRELIMINARY
SALE AND
PURCHASE AGREEMENT WITH WELL TECH SERVICES LTD
    * PHX ENERGY SERVICES CORP -  PRELIMINARY SALE AND PURCHASE
AGREEMENT FOR SALE OF CO'S RUSSIAN OPERATIONS
    * PHX ENERGY SERVICES CORP -  UNDER TRANSACTION, WELL TECH
SERVICES LTD WILL ACQUIRE ALL OF OUTSTANDING SHARES OF CO'S UNIT
PHOENIX TSR LLC
    * PHX ENERGY SERVICES CORP - AGREED PURCHASE PRICE FOR
DISPOSITION
IS 240 MILLION RUSSIAN RUBLES, OR APPROXIMATELY $4.2 MILLION CAD

Source text for Eikon:  ID:nGNX69Lc5 
Further company coverage:  PHX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))