Pure Energy Services Ltd.
TSX : PSV

Pure Energy Services Ltd.

August 08, 2008 17:16 ET

Pure Energy Announces Changes to Executive Team

CALGARY, ALBERTA--(Marketwire - Aug. 8, 2008) - Pure Energy Services Ltd. ("Pure Energy") (TSX:PSV) is pleased to announce the following changes to its executive team effective September 1, 2008:

- Michael Baldwin, Pure Energy's Chief Financial Officer, has been appointed Executive Vice-President.

- Brian Peters has been appointed as Pure Energy's Chief Financial Officer.

Mr. Peters was most recently Chief Financial Officer for Technicoil Corporation and brings many years of oilfield related experience to Pure Energy. Mr. Peters is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Calgary.

"Brian brings an excellent track record and skill set to Pure Energy," said Kevin Delaney, President and Chief Executive Officer of Pure Energy. "Brian is a big addition to our executive team."

During his tenure as Chief Financial Officer, Mr. Baldwin has been instrumental in creating and implementing the discipline and maturity to Pure Energy's financial and reporting structure and systems necessary for a public company. In his new role, Mr. Baldwin will take an active role in Pure Energy's operations in both Canada and the United States, working alongside Rutger Niers and Paul DeBonis.

"Over the past three years, Michael has done an outstanding job of properly preparing Pure Energy's financial reporting and accounting systems to meet both its present and future needs," added Mr. Delaney. "On a go-forward basis, we have recognized that it is necessary for Pure Energy to build on its management bench strength in order to execute on its growth plans and opportunities. Brian's addition bolsters our executive team and allows us to redeploy Michael to have a greater impact on Pure Energy's operations. We are excited by the prospect of Michael being able to assist in bringing a higher degree of effectiveness and accountability to our operations. With these changes, I am confident that our management team is well positioned and prepared to execute on the opportunities we have before us."

Pure Energy is an oilfield services company that provides logging and perforating, production testing, multiline, drilling, drilling rental and pressure transient analysis services to oil and gas exploration and development entities in the Western Canadian Sedimentary Basin and, through its wholly-owned subsidiary, Pure Energy Services (USA), Inc., provides production testing, logging and perforating, and fracturing services to customers in the Rocky Mountain region of the United States.

Contact Information

  • Pure Energy Services Ltd.
    Kevin Delaney
    President and CEO
    (403) 262-4000
    (403) 262-4005 (FAX)
    Email: kdelaney@pure-energy.ca
    or
    Pure Energy Services Ltd.
    Michael Baldwin
    Chief Financial Officer
    (403) 262-4000
    (403) 262-4005 (FAX)
    Email: mbaldwin@pure-energy.ca
    or
    Pure Energy Services Ltd.
    #300, 1010 - 1st Street S.W.
    Calgary, Alberta T2R 1K4