Mission
Our vision is to be the first-choice provider of innovative drilling technologies and services for oil and natural gas producers in Canada and the United States.
Our core values of integrity, teamwork, passion for excellence, customer focus, and social and environmental responsibility guide our actions.
Our performance values of efficiency, accountability and strong corporate governance translate into competitive operational and financial results.
History / Milestones
December 16, 1999 Phoenix acquires the assets of Canatech Directional Drilling Services and Mepco Directional Drilling Tools Ltd., collectively know
as “Canatech”. Canatech provided horizontal and directional oil and gas well services throughout western Canada. The acquisition
provides Phoenix with a fleet of Measurement While Drilling (MWD) guidance systems and other downhole equipment.
November 1, 2002 Phoenix merges with Nevis Energy Services Ltd. in a reverse takeover. Phoenix becomes a public company on the Canadian
Venture Exchange, trading under the symbol “PHX.”
March 24, 2003 Phoenix lists on the Toronto Stock Exchange (TSX).
December 31, 2003 Phoenix pays its shareholders a semi-annual divided of $0.05 per share to shareholders of record on December 17, 2003.
March 9, 2004 Phoenix acquires Radius Directional Services Ltd. and its wholly-owned subsidiary, Radius Directional Services for $10.8 million.
The acquisition expands the company’s customer base as well as its fleet of guidance systems and other equipment.
July 1, 2004 Phoenix is reorganized into an income trust, with a yearly distribution of $0.48 ($0.04 on a monthly basis), as approved by the board
of directors on April 22, 2004.
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