Page 18 - NorthAmOil Week 25

NorthAmOil NEWS IN BRIEF NorthAmOil

April 29, 2020. At that time, the company strategic partnership with commodities MOVES
estimated that the annual filings would be clearinghouse and terminal broker, the Tank
completed on or about June 12, 2020. It is Tiger. Blueknight announces CEO
now expected that the annual filings will be Under the partnership, Validere clients
completed on June 15, 2020. will be able to see relevant Tank Tiger transition
The company also announces that it is opportunities for their volumes within the
relying on the aforementioned blanket relief Validere Edge platform. Integration of these Blueknight Energy Partners announced today
in respect of its interim financial statements opportunities will accelerate the identification that chief executive officer Mark Hurley has
and the related management’s discussion and of solutions for Validere clients and when informed the partnership’s board of directors
analysis for the period ended March 31, 2020. interested they can then work with Tank Tiger that he will step down from his position
The company expects that the interim filings to proceed. This will in turn increase usage of effective June 22, 2020 to pursue other
will be filed on or about July 14, 2020 and is the Tank Tiger platform. Tank Tiger clients opportunities.
afforded a postponement of up to a maximum will also now be able to get rapid assessments “We extend our thanks and appreciation to
45-day extension pursuant to blanket relief for complex quality considerations such Mark for his years of leadership, service, and
for all market participants granted by the as tracking line fill, heel quality and contributions to Blueknight since assuming
Canadian securities administrators. commingling considerations. the CEO role in 2012. Mark was instrumental
Other than as disclosed in the company’s “This integration will expand the market in Blueknight’s strategy, cost improvement
press releases, there have not been any for our clients as Validere is connected into initiatives, and performance record in
material business developments since the multiple volumes and qualities across North environmental, health, and safety over his
date that the last financial statements of the America. The Validere technical focus on tenure. We wish Mark and his family all the
company were filed. quality is also a natural fit for clients of ours best in the future,” commented Duke R. Ligon,
CANADIAN OIL RECOVERY AND REMEDIATION dealing with commingling, line fill concerns, chairman of the board.
ENTERPRISES, June 24, 2020 and tank heels. They can now quickly connect The partnership also announced today
with Validere for these solutions to improve that the Board has appointed D. Andrew
The Tank Tiger and Validere tank operations” said Steven Barsamian of Woodward as the new chief executive officer
Tank Tiger.
of Blueknight effective June 22, 2020.
partner to integrate Tank Tiger. Connecting our clients to their storage financial officer while the board and audit
“We’re thrilled to partner with Tank
Mr. Woodward will remain interim chief
Tiger opportunities within platform is very well aligned with our vision committee conduct a search process for a
successor CFO.
for increasingly efficient energy supply chains
the Validere Edge platform through data” said Nouman Ahmad, Validere BLUEKNIGHT ENERGY PARTNERS, June 22,
CEO.
2020
Validere, a leading data intelligence platform VALIDERE AND THE TANK TIGER, June 23,
for oil and gas, is pleased to announce a 2020

P18 www. NEWSBASE .com Week 25 25•June•2020