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After Review, Triangle's RockPile to Become Stand-Alone Entity
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RockPile Energy Services, LLC, a subsidiary of Triangle Petroleum Corporation, provided an update on the Company's ongoing strategic review process.
Key Highlights: RockPile has retained PJT Partners in order to help evaluate strategic alternatives that would strengthen the Company's balance sheet and allow it to independently execute on its business strategy and operational plans The Company has appointed Thomas J. Allison as an independent directorAfter conducting an extensive evaluation, Triangle and RockPile have mutually agreed to pursue strategic alternatives that would allow both companies to separately and independently execute on their business strategies and operational plans.
Curt Dacar, CEO of RockPile, remarked, "We are excited about the path forward to becoming an…
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