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FET - Forum Energy Technologies Inc
-0.45(-2.98%)9:00:02 PM 1/15/2021
Forum Energy Technologies is an international oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. It was formed in the summer of 2010 in a five-way merger among Forum Oilfield Technologies, Triton Group, Subsea Services International, Global Flow Technologies and Allied Technology. Dennis Uy's Udenna Corporation bought 100 million common shares of Atok-Big Wedge Co. Inc. at the negotiated price of P2.00 per share or a total of P200,000,000. Dennis Uy is also a director and vice chairman of Atok-Big Wedge. He has an existing 1,000 direct shares in the company. Atok-Big Wedge Co, Inc. a listed corporation in PSE, has 20% ownership of United Kingdom-based Forum Energy Ltd. which has the right of oil exploration in SC72 in the west Philippine Sea. Forum Energy Ltd. has an ongoing talks with China for joint oil exploration after President Duterte a close friend of Dennis Uy lift the moratorium on oil exploration.
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