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Oil & Gas Technical Compendium

Camber Energy's Lineal Star Holdings has entered into an LOI to purchase an engineering and procurement firm

HOUSTON Camber Energy, Inc., based in Houston, Texas, has announced that Lineal Star Holdings, the acquisition target which Camber is seeking to acquire (individually, or through its subsidiaries) pursuant to its previously disclosed non-binding letter of intent, has signed a non-binding letter of intent to purchase a Houston based engineering and procurement firm.Camber has further been advised that the acquisition is designed to expand Lineal's current service offering to a full range of engineering, procurement, specialty construction and upstream, midstream and downstream field services. The purchase is subject to the completion of due diligence, negotiation of final documents and other customary closing conditions, and is scheduled to.....

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