Black Diamond Group Signs 1,244 Person Camp Installation & Rental Contract
26 Maggio 2014 - 12:00PM
Marketwired
Black Diamond Group Signs 1,244 Person Camp Installation &
Rental Contract
CALGARY, ALBERTA--(Marketwired - May 26, 2014) - Black Diamond
Group Limited ("Black Diamond" or the "Company") (TSX:BDI) is
pleased to announce it has secured a 1,244 person camp contract in
the prolific Montney Shale region of northeastern British Columbia.
The Company expects to generate approximately $34 million of
revenue over the term of the three year contract. The first phase
of 622 beds is expected to be installed during the second half of
2014, with rent starting January 2015. The remaining beds are
anticipated to be deployed by April 2015. Black Diamond will fund
the project from its previously announced 2014 capital budget. The
Company anticipates that a portion of the capital spend related to
this project will be deployed in the first quarter of 2015.
About Black Diamond
Founded in 2003, Black Diamond Group Limited is one of the
fastest growing remote lodging, modular building and energy
services companies worldwide. With its corporate head office
located in Calgary, Alberta, Black Diamond provides world-class
services to a wide spectrum of industries including oil and gas,
mining, power, construction, engineering, military, government and
education.
Through its direct and indirect wholly-owned subsidiaries and
its approximate 50% equity participation in certain aboriginal
limited partnerships, Black Diamond operates four complementary
business units in nineteen strategic locations across Canada, the
United States and Australia.
Black Diamond Structures rents and sells remote workforce
housing and modular workspace solutions and provides associated
services; Black Diamond Logistics provides turnkey lodging
services, remote facility management and supply chain solutions;
Black Diamond Energy Services rents and sells a complement of
oilfield equipment and services and Black Diamond International
rents and sells remote workforce housing and modular workspace
solutions and provides associated services outside of North
America.
Reader Advisory
Forward-Looking Statements
Certain information in this news release contains
forward-looking statements including management's assessment of the
projected revenue to be generated from the camp contract, the
timing of the installation of the first phase of the camp contract
and the commencement of rent therefrom, the timing of the
installation of the remaining beds covered by the camp contract,
how the project will be funded, and the timing of the deployment of
such funding. With respect to the forward-looking statements
contained in this news release, Black Diamond has made assumptions,
regarding among other things: that the counterparty to the camp
contract will perform the contract as written, that there will be
no unforeseen material delays in the project and that Black Diamond
will continue to conduct its operations in a manner consistent with
past operations. Although Black Diamond believes that the
expectations reflected in the forward-looking statements contained
in this news release, and the assumptions on which such
forward-looking statements are made, are reasonable, there can be
no assurance that such expectations or assumptions will prove to be
correct. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond Black
Diamond's control including, without limitation, dependence on
agreements and contracts, unexpected capital expenditure costs,
delays in projects, the impact of general economic conditions,
industry conditions, fluctuation of commodity prices, fluctuation
of exchange rates, environmental risks, industry competition,
availability of qualified personnel and management, stock market
volatility and timely and cost effective access to sufficient
capital from internal and external sources. As a consequence,
actual results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the forgoing
list of factors is not exhaustive. Additional information on these
and other factors that could effect Black Diamond's operations and
financial results are included in Black Diamond's annual
information form for the year ended December 31, 2013 and other
reports on file with Canadian securities regulatory authorities
which may be accessed through the SEDAR website
(www.sedar.com) and
at Black Diamond's website (www.blackdiamondlimited.com). Furthermore, the
forward-looking statements contained in this news release are made
as at the date of this news release and Black Diamond does not
undertake any obligation to update publicly or to revise any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable
securities laws.
Future Oriented Financial Information
This news release, in particular, the projected revenue to be
generated from the camp contract, contains Future Oriented
Financial Information ("FOFI") within the meaning of applicable
securities laws. The FOFI has been prepared by management of the
Company to provide an outlook of the Company's future activities
and anticipated results and may not be appropriate for other
purposes. The FOFI has been prepared based on a number of
assumptions including assumptions with respect to the terms of the
camp contract. The actual results of the operations of the Company
and the resulting financial results may vary from the projections
set forth herein, and such variations may be material. The Company
and its management believe that the FOFI has been prepared on a
reasonable basis, reflecting management's best estimates and
judgments.
Black Diamond Group Limited - Media ContactTara
SukutCommunications Manager(403)
718-5061tsukut@blackdiamondgroup.comBlack Diamond Group Limited -
Investor Relations ContactJason ZhangSenior Financial Analyst(403)
718-0948jzhang@blackdiamondgroup.comwww.blackdiamondgroup.com
Grafico Azioni Black Diamond (TSX:BDI)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Black Diamond (TSX:BDI)
Storico
Da Giu 2023 a Giu 2024