Business Combination (Tables)

12 Months Ended

Dec. 31, 2023

CWC Energy Services Corp. [Member]

Disclosure of detailed information about business combination [line items]

Summary Of The Allocation Of The Purchase Price

The following table summarizes the allocation of the purchase price:

(Stated in thousands of Canadian dollars)
Consideration:
Number of shares issued		947,807
Share price at issuance	$	79.75
Common shares	$	75,588
Cash		13,726
Total consideration	$	89,314
Allocation of purchase price
Cash		13,080
Accounts receivable		41,641
Property, plant and equipment		140,965
Intangibles		3,000
Right-of-use assets		1,466
Accounts payable and accrued liabilities		(22,260	)
Long-term debt		(60,387	)
Lease obligations		(1,466	)
Deferred tax liabilities		(964	)
Gain on acquisition		(25,761	)
Total	$	89,314

High Arctic Energy Services Inc [Member]

Disclosure of detailed information about business combination [line items]

Summary Of The Allocation Of The Purchase Price

The following table summarizes the allocation of the purchase price:

(Stated in thousands of Canadian dollars)
Cash	$	10,200
Accounts payable and accrued liabilities		27,300
Fair value of consideration transferred	$	37,500
Acquired Assets
Rig equipment	$	32,796
Vehicles		900
Buildings		1,457
Land		2,347
Right-of-use assets		6,990
Assumed Liabilities
Lease obligations		(6,990	)
Fair value of Acquired Net Assets	$	37,500