By OGJ editors
HOUSTON, Dec. 19 -- Trident Exploration Corp. agreed to acquire the assets of Rakhit Petroleum Consulting Ltd., Calgary.
The acquisition, effective Jan. 1, 2006, will include all of Rakhit Consulting's North American nonconfidential studies, technology, and proprietary software. Rakhit Consulting will complete its remaining consulting and multiclient study obligations and support current clients through Jan. 31, 2006.
Kaush Rakhit, president of Rakhit Consulting, will become vice-president of Trident responsible for new exploration initiatives. Fifteen of Rakhit Consulting's geotechnical personnel will also join Trident.
Canadian Discovery Ltd., a subsidiary of Rakhit Consulting, will become an independent operating entity with no relationship to Trident.
Trident, founded in 2000 to focus on exploration and development of gas from coal seams in western Canada, participates in the Horseshoe Canyon and Mannville coal plays in Alberta.