Tuesday, May 23, 2017 5:23:07 PM
General Development and Narrative Description of Business – On March 14, 2017 the Company announced that it entered into an Exchange Agreement with 66 Oilfield Services of Oklahoma to which it has acquired all the assets and liabilities of the Company via an exchange agreement. The transaction is being accounted for as a reverse merger.
66 Oil Field Services (“66”) is a third generation heavy oil field equipment company founded by J.C. Houck in Oklahoma in 1959 and focuses on supplying the oil industry with custom drilling rigs, heavy-weight
drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through our facilities in Oklahoma City, Germany and Dubai
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