Cambrian Consultants
Usk
About Cambrian Consultants
Cambrian was established in 1986 and employs a team of engineers and geologists providing specialist asset evaluation and well operations consultancy services to the international oil and gas industry. It numbers amongst its long term clients most of the major, independent and national oil companies around the world. It has a core staff of approximately 35 based in offices in the UK, USA and Malaysia and also makes use of a number of specialist technical sub-consultants. In 1999 Cambrian won a Queen’s Award for Export Achievement. Cambrian will be integrated into the Energy Services Division of RPS. Employment contracts have been agreed with three of the four Cambrian directors for their employment with RPS; the other director retired from the Board at completion and is now acting on a consultancy basis. In the year ended 31 December 2003 (at current US dollar exchange rates) Cambrian had turnover of £7.2 million and profits before tax, adjusted for non-recurring items, of £0.5 million. Net assets at that date were £0.9 million. The maximum total consideration payable for Cambrian is £2.86 million. At completion the vendors received £1.55 million in cash and 203,079 new RPS shares priced at 129 pence and valued at £0.26 million. Assuming certain operational conditions are met, a further £1.05 million will be payable, in cash, over the next two years.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Website: cambrian-group.com
- Phone: +44 1291 673 022
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