Trident Resources files for IPO

By OGJ editors
HOUSTON, Aug. 4 -- Trident Resources Corp. filed a registration statement in late July with the US Securities & Exchange Commission for a proposed initial public offering of common stock.

The company's subsidiary, private Trident Exploration Corp. of Calgary, is a natural gas exploration and development outfit focused mainly on coalbed methane in the Western Canadian Sedimentary basin, where it has positions in the Horseshoe Canyon and Mannville plays in Alberta.

Trident Exploration also explores for other unconventional gas resources, including tight gas and shale gas. It has properties located in British Columbia, Washington, and other areas in the northwest US.

Founded in 2000 and incorporated in 2003, Trident and the Southern Ute Indian Tribe acquired properties at Corbett, Alta., booked Horseshoe Canyon coal gas reserves at the end of 2004, and declared Corbett commercial in July 2005. Trident bought the tribe's interest in December 2005 for $202.6 million and purchased Rakhit Petroleum Consulting for $6 million earlier this year.

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