November 22, 2012

FHQ Developments and Trinidad Drilling Ltd.: A Milestone in Indigenous Oil and Gas Empowerment

FHQ Developments is thrilled to announce a transformative partnership with Trinidad Drilling Ltd., strategically aimed at bolstering Indigenous capacity in Saskatchewan’s oil and gas industry. This collaboration marks a significant step towards economic growth and sustainability for Indigenous communities in the region.

Central to this partnership is our equity share in a cutting-edge 3,600-metre, double telescoping, mobile drilling rig currently deployed in southeastern Saskatchewan. In tandem with Crescent Point Drilling, this innovative rig exemplifies our commitment to technological advancement and sustainable resource extraction.

The mobility of the drilling rig is a game-changer, providing us with unprecedented flexibility in exploration and resource optimization. This not only expands our exploration capabilities but also ensures a more efficient and sustainable approach to oil and gas extraction.

Beyond technological advancements, the partnership substantially boosts FHQ Developments’ capacity to actively participate in Saskatchewan’s oil and gas sector. Our equity share in the drilling rig empowers us to play a crucial role in exploration and extraction, fostering a sense of ownership and control over our economic destiny.

This collaboration is poised to have a positive impact on local Indigenous communities through job creation, skill development, and revenue generation. FHQ Developments, in synergy with Trinidad Drilling Ltd., is not just drilling for oil; we are drilling for opportunities and empowerment.

In summary, our partnership with Trinidad Drilling Ltd. is a milestone for Indigenous participation in Saskatchewan’s oil and gas sector. As we harness the potential of this collaboration, FHQ Developments remains steadfast in its commitment to fostering economic prosperity, sustainability, and empowerment for Indigenous communities. Together, we are shaping a brighter and more inclusive future for the oil and gas industry in Saskatchewan.

Edit: On November 29, 2018 Ensign Energy Services Inc. announced its successful bid to acquire Trinidad Drilling.

Ensign Energy Services is a well-known global leader within the oil and gas industry which provides FHQ Developments the opportunity to diversify the current investment portfolio and improve the current reputation.