Diversified Resources announces that it has sold its 100% stake in Champion Oilfield Services to its founder and CEO, Michael K. Miller, Jr. Champion Oilfield Services was a part of the Diversified Energy Services Group acquired early in 2016. Exact Terms of the sale were not announced but consist of shares of stock originally issued in February of 2016 and the reassignment of a significant debt piece that came along with [...]
Diversified Resources announced today it has executed a share exchange agreement with Diversified Energy Services, Inc. Diversified Energy Services, Inc. was created to be the energy services side of Diversified Resources and is made up of multiple wholly owned services companies including Ultra Energy Solutions and Vinco Logistics, both based in Greeley, Colorado. The exchange agreement calls for the issuance of [...]
Diversified Resources announced today the entry into a letter agreement to purchase all the outstanding shares of Greeley, Colorado based Ultra-Energy Solutions and Vinco Logistics. Closing is expected to occur in the first quarter of 2016 and final terms will be dependent upon, amongst other details, negotiating final terms, completion of due diligence and audit requirements.
Diversified Resources is pleased to announce the execution of a non-binding letter of intent with Bayou City Energy to jointly form an off-balance sheet entity for development drilling on the Company’s San Juan Basin properties in northwestern New Mexico.
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