Cordy Oilfield Services Inc.
TSX VENTURE : CKK

Cordy Oilfield Services Inc.

May 24, 2006 15:40 ET

Cordy Oilfield Services Inc.: Termination of Wiebe Construction and Canadian Pipeline Construction Inc. Acquisition and Update of Sphere Drilling Fluids Ltd. Acquisition

CALGARY, ALBERTA--(CCNMatthews - May 24, 2006) - Cordy Oilfield Services Inc. (the Corporation) (TSX VENTURE:CKK) announces that it will not proceed with the acquisition of Wiebe Construction and Canadian Pipeline Construction Inc.

The Corporation has successfully completed its due diligence review of Sphere Drilling Fluids Ltd. and will complete the acquisition within the next week.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • Cordy Oilfield Services Inc.
    Sid Dutchak
    President & CEO
    (403) 266-2067
    (866) 854-8075 (FAX)
    Email: sdutchak@cordy.ca
    or
    For investor relations information:
    Cordy Oilfield Services Inc.
    David Orr
    Vice President - Corporate Development
    Email: dorr@cordy.ca
    Website: www.cordy.ca