Stampede Drilling is an oil & gas drilling company headquartered in Estevan and servicing South East Saskatchewan. The Company was sold in November to Matrrix Energy Technologies Inc. in an all share transaction valued at $9 million.
The transaction allowed PFM to convert its position into a well capitalized company with strong growth potential. The investment is expected to provide a better risk-adjusted return as the Company has greater market penetration and is led by a strong management team.
Through its affiliation with the fund managers PFM Fund Operations, PFM Venture Capital, Prairie Ventures GP, TopSoil Farm Land Management, and TopSoil Farm Land Management (II), and doing business as PFM Capital ("PFM Capital" or "PFM"), PFM is a leading private equity investment firm in Saskatchewan. Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993. This website does not represent an offering of securities. The information disclosed is incomplete and can be qualified in its entirety by each fund's most recent offering document or limited partnership agreement, obtainable free of charge by contacting PFM Capital Inc. The securities described herein are only available to eligible investors in Canada in accordance with applicable securities laws.