Enterprise Oilfield Group, Inc.

Enterprise Oilfield Group, Inc.

September 01, 2009 09:00 ET

Enterprise Oilfield Group, Inc. Provides Corporate Update

ST. ALBERT, ALBERTA--(Marketwire - Sept. 1, 2009) - Enterprise Oilfield Group, Inc. (TSX:E) is pleased to announce that it has successfully been awarded three significant projects. Two of these projects are within the infrastructure sector and awarded by Alberta Transportation Department. These two projects are of a combined value of approximately $1.5 million. The third project is a pipeline and plant facilities construction project from one of North America's largest energy producers. Our crews have initiated construction and when complete the project will be worth over $2.5 million. Further projects are anticipated from the same energy producer over the coming fall and winter season.

Enterprise Oilfield Group, Inc. is an construction services company operating in the energy, utility and transportation infrastructure industry. The Company's focus is primarily underground construction and maintenance and above ground plants and facilities. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management and human resources to support continued growth.

Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

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

Contact Information

  • Enterprise Oilfield Group, Inc.
    Leonard D. Jaroszuk
    President & CEO
    (780) 418-4400 or Toll Free: 1-888-303-3361
    (780) 418-1941 (FAX)
    Enterprise Oilfield Group, Inc.
    Desmond O'Kell
    Vice President, Corp. Development
    (780) 418-4400 or Toll Free: 1-888-303-3361
    (780) 418-1941 (FAX)
    Email: contact@EnterpriseOil.ca
    Website: www.EnterpriseOil.ca