Grifco Company News

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Grifco Announces Spins- Off Coil Tubing Technology
Grifco International says that the spin-off of its subsidiary Coil Tubing Technology will occur on Tuesday, August 7, 2007.
8:00 PM EST | August 01, 2007
Grifco Further Clarifies CTT Spin-off Procedure
Grifco International, Inc. has further clarified the procedure for the spin-off of its subsidiary, Coil Tubing Technology, Inc. (CTT).
8:00 PM EST | May 13, 2007
Grifco Unveils Procedure for CTT Spin-off
Grifco International, Inc. on Tuesday announced the procedure for the spin-off of its subsidiary Coil Tubing Technology, Inc. (CTT).
8:00 PM EST | April 23, 2007
Grifco Announces Seven-Well Permian Basin Program
Grifco International, Inc. on Thursday announced the exercise of its option for 100% of the working interest (WI) and 75% of the Net Royalty Interest in 208 gas leases located in the Permian Basin geologic formation in Crockett County, Texas.
7:00 PM EST | December 13, 2006
Grifco Reports New China Orders
Grifco International, Inc. said that it is receiving purchase orders for coil tubing tools in China.
7:00 PM EST | December 11, 2006
Grifco Concludes Step in Merger Deal
Grifco International, Inc. ("Grifco" or the "Company said late Friday that it has closed the first-round deal documents to merge with the targeted OTC Bulletin Board company following meetings of the respective executive officers in Las Vegas, NV.
8:00 PM EST | August 20, 2006
Grifco Strikes Deal with Lyamec on Proposed Offering
Grifco International, Inc. said that it has reached an agreement with Lyamec on a $2.25 proposed offering.
8:00 PM EST | July 16, 2006
Grifco International Reviewing Merger Offers
Grifco International says it is reviewing several offers to merge or to be acquired. Current offers originating from the United Kingdom, the United States and Libya range from $49 - $59 million.
8:00 PM EST | June 07, 2006
Grifco Set to Divest Tubing Unit
Grifco International has set May 1 as the record date for its previously announced spin-off of wholly owned subsidiary Coil Tubing Technology (CTT).
7:00 PM EST | March 30, 2006
Grifco International Enters Talks to Acquire Casing Accessory Company
Grifco International has entered negotiations to acquire a to-be-named casing accessories company.
7:00 PM EST | February 22, 2006
Coil Tubing Technology to Supply Patented Subterranean Rotating Tool to BP
Coil Tubing Technology has been approved by BP's Rocky Mountain and Mid Continent divisions to supply the patented CTT Subterranean Rotating Device.
7:00 PM EST | January 18, 2006
Lyamec Completes Formation of Global Oil Tools Libya
Lyamec reports that the General People's Committee issued a formal notice to Misurata's free trade zone and to the local authoritative agencies on the establishment of Global Oil Tools Libya.
7:00 PM EST | December 12, 2005
Grifco International Acquires Coil Tubing Technology Holding, Inc.
Grifco has acquired Coil Tubing Technology Holding. CTT specializes in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing applications: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling.
8:00 PM EST | April 12, 2005
Grifco International Signs LOI to Acquire Coil Tubing Company
Grifco International has signed a letter of intent to acquire a Texas-based coil tubing company.
7:00 PM EST | March 17, 2005
Grifco International to Acquire Global Oil Tools
Grifco International, Inc. has signed a letter of intent pending a favorable due diligence review to acquire Global Oil Tools, Inc. for $4.5 Million in cash and stock.
7:00 PM EST | February 16, 2005