Ensign Energy, a publicly-traded Canadian company that provides oilfield services for the North American and international market, takes over Trinidad Drilling, a Canadian drilling oil and gas wells company. Approximately 56.38% of the common shares of Trinidad Drilling Ltd were tendered. Trinidad Shareholders who tendered to the offer received $1.68 in cash. The offer represents approximately a 20% premium to the volume weighted average price of the Common Shares on the TSX for the trading days between August 1, 2018 through August 10, 2018. Ensign decided to launch the hostile bid for Trinidad in August after the target company completed a strategic review it began in February.