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TSC Group Holdings Limited (“TSC”), formerly known as TSC Offshore Group Limited is a product and service provider serving both onshore and offshore drilling industries worldwide. The company was incorporated in the Cayman Islands and its shares are listed on the main board of The Stock Exchange of Hong Kong Limited (Stock code:206). The company and its subsidiaries develop, manufacture, market, install and service a comprehensive line of products for onshore and offshore drilling industries. Through its products and services, the group provides innovative solutions to offshore platforms and onshore rigs,as well as of various rig packages to its global customers. TSC has research and development centers in the U.S.A., U.K. and China, and has manufacturing and repair facilities and offices in all major oil & gas producing regions globally. TSC`s clients include a diverse global portfolio of major international and national oil companies, drilling contractors, offshore and marine engineering companies and shipyards.
Vacuum Electric Switch Co is a Akron, OH-based company in the Energy and Utilities sector.
Our purpose is to assist in fueling North America’s energy requirements guided by relentless focus on our six imperatives. Honesty, integrity and commitment are vital to driving our growth and success. We maintain a high standard of business practices which translate into unparalleled value for our shareholders. To achieve our mission, we will conduct our business with these six responsibilities in mind: obey the law, stimulate economic growth, be environmentally responsible, expand opportunities for our employees, respect our vendors, and reward our shareholders. To date, the main focus of the Company has been the acquisition of low cost assets with significant development potential. The Piqua project in Kansas had been lightly developed when acquired, and its low-cost drilling and solid financial return is providing a repeatable and low-risk facet of the Company’s growth strategy. Drilling to date has been 100% successful with an average 10 months to payout of drilling expenses incurred. Reserve valuations have increased from less than $1.0 million to almost $3.0 million in the two years the Company has owned the property. The Bakken lands in Divide County, North Dakota, carry a steep development cost with wells ranging from $6.0-$8.0 million each. As a result, Legend has monetized the acreage while retaining a royalty interest, which allows the Company to continue to participate in the revenue generated through the drill bit, without any additional cost incurred. The royalty continues on the land indefinitely. As drilling on the acreage is still some time away due to priorities of the majority owners, the conversion of our interest to a royalty for Legend is currently unpredictable. Legend will participate in the revenue stream when the wells get drilled. As a non-operator, Legend will utilize the expertise and logistical capabilities of larger companies, without encumbering its balance sheet with expensive rig contracts and extraneous expenses. Legend’s Canadian acquisition affords it the opportunity to enjoy a stable production base coupled with an abundance of undeveloped land with access to a number of low-risk oil development projects. Although the Company has sold a number of smaller production properties, it still maintains a high working interest and solid production and revenue on its remaining assets. Due to saturated drilling around the Company’s Swan Hills property, reserves were drained before Legend could drill a well there. The Company was however able to monetize the small land position for a value in excess of $200,000 per flowing barrel.
A leader in industrial bolting and thermal technologies committed to innovation, quality, customer satisfaction, safety and process excellence. 1-866-265-4873
Sentinel Midstream is headquartered in Dallas, TX offering first-class midstream solutions for crude oil gathering, storage, terminaling; and natural gas gathering, processing, and treating.