Wichita, Kansas (PRWEB) May 29, 2014
Cygni Capital Partners, LLC is pleased to announce that it represented Balius Energy, Inc in its acquisition of Maverick Drilling, LLC in Wichita Kansas. Maverick Drilling is a profitable drilling company operating in Kansas with 46 employees and 3 drilling rigs. Jack Goss, the President of Maverick Drilling who will stay on as Maverick’s President, stated: “We are pleased to be the first of many anticipated acquisitions by Balius Energy, Inc. and look forward to becoming part of a group of companies that can offer a full spectrum of oilfield services to the mid-continent oil & gas industry.”
“We plan to make Wichita, Kansas the center of our growth,” stated Eric C. Bronk, the CEO of Balius Energy, “and look forward to acquiring additional top quality profitable oilfield service companies so that we can expand our services to the industry. In addition to the drilling services of Maverick Drilling, we currently offer a full range of regulatory and compliance advisory services tailored to the small and medium sized oil & gas production company.”
About Maverick Drilling. LLC
Maverick Drilling, LLC is an oil and gas well drilling contractor based in Wichita, Kansas. Maverick provides drilling services to exploration companies in the western two thirds of Kansas and Northern Oklahoma.
About Balius Energy, Inc. Balius is an energy services company whose business plan is to acquire and concentrate oil & gas service companies in the Midwest. Maverick Drilling, LLC is Balius Energy’s first acquisition. http://www.baliusenergy.com
Cygni Capital Partners, LLC is a boutique investment banking firm located in Costa Mesa, California. http://www.cygnicapitalpartners.com
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on Balius’s current expectations, estimates and projections about Balius, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in the remainder of 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that Balius will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that Balius's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for Balius as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in Balius's businesses, or could further deteriorate or worsen from the recent market declines, and/or that Balius could experience further unexpected declines in activity and demand for its oilfield services ; risks relating to Balius's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities ; risks that Balius may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into Balius's operations; risks, in responding to changing or declining market conditions, that Balius may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in Balius's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that Balius may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting Balius's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of Balius's control, Balius's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Balius also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here.
Cygni Capital Partners, LLC
Tel: (714) 241-2500 ext 301