Latest Smart Ventures Inc (SMVR) Headlines Smar
Post# of 32
Smart Ventures Announces $5,000,000 Funding Commitment
Marketwire - Tue Mar 11, 5:37AM CDT
Smart Ventures, Inc. (OTC Pink: SMVR) (PINKSHEETS: SMVR) is pleased to announce that Redline International, Inc. an offshore institutional equity fund has agreed to provide a $5,000,000 equity investment into the company contingent upon the company filing a registration statement and the statement becoming effective. The Company has been seeking strategic growth acquisition targets to bolster its market share and grow revenue to build shareholder value. The Company plans to use these funds to advance the company's business plan.
Smart Ventures Announces Analyst Report Coverage
Marketwire - Wed Mar 05, 7:30AM CST
SMART VENTURES, INC. (OTC Pink: SMVR) Smart Ventures is pleased to announce that an independent analyst report has been released by Phoenix Group Capital Markets Limited. The analyst report opines the following: Smart Ventures announced that it had posted strong earnings in its annual report in which its financials have been consolidated as a result of its acquisition of The Sanday Corporation an income producing oilfield Services Company engaged in engineering consulting to oil majors. The Company posted more than $539,000 revenue and assets of more than $1.2 Million. The Sanday Corporation through its contract with Merlin ERD, which is now the world leader in Extended Reach Drilling, has been involved in many successes of projects worldwide.
Smart Ventures Announces Extensive Growth Plan
Marketwire - Thu Feb 27, 11:30AM CST
SMART VENTURES, INC. (OTC Pink: SMVR) announces new extensive growth plan for 2014. We have an extensive growth plan to emerge as one of the largest oilfield services companies providing high quality engineering services to oil majors. Our goal is to create more jobs as a full service turn- key engineering firm, midstream transportation and independent oil and gas production.
Smart Ventures Earnings Announcement
Marketwire - Tue Feb 25, 5:15AM CST
Smart Ventures, Inc. (OTC Pink: SMVR) is pleased to announce that it has posted strong earnings in its annual report as the financials have been consolidated as a result of its acquisition of The Sanday Corporation an income producing oilfield Services Company engaged in engineering consulting to oil majors. The Company posted more than $500,000 revenue and assets more than $1.2 Million. The Company is projecting to more than double its revenue through expansion of services in 2014. The Sanday Corporation through its contract with Merlin ERD, which is now the world leader in Extended Reach Drilling, has been involved in many successes of projects worldwide. The Sanday Corporation has become a subsidiary of Smart Ventures. Roger A.T Smith, CEO of The Sanday Corporation has over 30 years oil and gas drilling, completion, work over and production experience with a B.A. in Mechanical Engineering. Mr. Smith has been an advisor to Petrohawk, K&M Technology Group, Chevron, BP, ConocoPhillips and now Total Oil. Significant successes this year alone for 2013, where The Sanday Corporation completed a complicated extended reach well in the North Sea, U.K. for Total Oil, on its Alwyn North Platform, 400 KM North Offshore Aberdeen. The Sanday Corporation then went on to complete another successful project for Centrica U.K. in the Southern Sector of the North Sea, U.K. from a Jack up drilling rig, this project was successful and brought in under budget. The Sanday Corporation then went on to yet another successful completion this year just recently in the Adriatic Sea, offshore Italy, also from a Jack Up Rig, two wells were brought in under budget for Edison. Lastly Sanday completed a project for BP in Azerbaijan, offshore Baku, in the Caspian sea, from the Platform East Azeri. A successful well was made. Merlin contracted Sanday Corp to oversee the operation on the third side track well to overcome some problems in the well, which were overcome after utilizing the ERD procedures for drilling the well. Sanday Corp was also contracted for a major project within the Murcheson National Park in Uganda, once again for Total Uganda, a consortium of also Tullow Oil and CNOOC which is 33.3% for each this is a project which is under constant scrutiny as the Ugandan Government have given permission for drilling a test/appraisal well within its famous National Park, so many environmental issues exist and protecting the wildlife is at the top of our list as a safe efficient responsible engineering operator.
Smart Ventures Announces Acquisition and Change in Management
Marketwire - Wed Feb 05, 5:15AM CST
Smart Ventures (OTC Pink: SMVR) is pleased to announce the closing of its acquisition of The Sanday Corporation oil and gas drilling Services Company, which has been operating since 2000. Jamie Bond, the former CEO and board member has resigned as part of the acquisition agreement. Roger AT Smith, the new CEO of Smart Ventures, has over 30 years oil and gas drilling, completion, work over and production experience with a B.A. in Mechanical Engineering. The Company has a good operating history with a strong safety record. "We are excited to become a public company and look forward to building shareholder value through an aggressive growth plan through acquisitions and expansion of services in the oilfield industry," said Roger Smith, CEO.