NYSE MKT: DAKP BUYOUT OF JOINT VENTURES TO CONTROL OUR FUTURE DECEMBER 8, 2014 WWW.DAKOTAPLAINS.COM
Transforming the Business Acquired partners 50% share of oil Own 100% of the business, Pioneer transloading JV, 50% share of sand Terminal and land transloading JV, and 50% share of oil Terminates under-performing JVs marketing JV…
Transaction Details Signed Definitive Agreement and closed on December 5, 2014 Acquisition of: 50% share of DPTS (oil transloading) 50% share DPTS Sand (sand transloading) 50% share of DPTS Marketing (oil marketing) Total…
Going Forward Business and ownership structure is greatly simplified Results in 100% ownership of Pioneer Terminal for outbound crude oil storage & logistics and inbound frac sand logistics, with rail-car fleet as enabler…