Service & Supply | Oilfield Services | Proppant
La Ronge Gold Confident in NA Proppant Demand for 2015
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La Ronge Gold Corp. has announced that CanFrac Sands Corporation unaudited interim financial statements indicate 26,448.70 tonnes of frac sand sold and a net income of $357,840.67 on the total revenue of $1,431,138.36 for the period of Jul 01, 2014 to Sept 30, 2014 (3Q 2014). The Company has a 22% equity stake in CanFrac Sands Ltd.
La Ronge President and CEO Rasool Mohammad commented: "We are delighted to see the proppant demand in the North American frac sand market continuing to increase through 2H 2014 and anticipate ongoing strength throughout 2015.
Currently, we are also in the process of positioning the Company to take advantage of the Tier 1 frac sand demand in the US by advancing an Arkansas, U.S., frac sand project."
La Ronge's Annual General Meeting will be held on October 30, 2014. The Company plans to change its name to Select Sands Corporation at that time.
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