10% holder selling at Akita Drilling (AKT)

10% holder selling at Akita Drilling (T:AKT)

LRP V Luxembourg Holdings S.a r.l., a 10% Holder, disposed of 502,376 Non-Voting Shares on a direct ownership basis at a price of $3.250 on March 29th, 2019. This represents a $1,632,722 divestment of the company's shares and an account share holdings change of -11.9%.

Akita Drilling is in the Oil & Gas Drilling Sub Industry Group under the Energy Sector.

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada. The Company manages its business through approximately two geographic regions, which include Canada and the United States. The Company specializes in the construction and retrofit of heavy oil pad drilling rigs associated with Steam Assisted Gravity Drainage (SAGD) operations. Its rigs are used in operations spanning Fort McMurray, the Alberta oil sands region. The Company also has shale gas operations in the Horn River Basin area of Northeast British Columbia. AKITA is involved in drilling horizontal shale gas wells, with a fleet of deep capacity triple rigs in the areas of Alberta and British Columbia, including the Montney, Duvernay and Horn River regions.