Pyramid and Capco Part Ways on Aquisition Plan

Pyramid Petroleum, Inc. and Capco Energy, Inc. have terminated a plan for Pyramid to acquire a subsidiary of Capco. Capco is controlled by Ilyas Chaudhary, the CEO and major shareholder of Pyramid. The original plan was for Pyramid to enter into a business combination with Capco, but was later changed to the plan of acquisition. The completion deadline of Dec. 31, 2007, will not be extended due to a mutual decision by both parties.

We want to hear from you. Questions, opinions and suggestions are all welcomed by the Rigzone Staff. Write us at .


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Sr Advising Engineer - Tech Development
Expertise: Business Development|IT - Software Development
Location: Houston, TX
Business Development Manager
Expertise: Business Development|Construction Manager|Marketing
Location: Salt Lake City, UT
IT Engineer III
Expertise: Engineering Manager|IT - Sys Admin & Support
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours