Canadian Energy Services L.P.
TSX : CEU.UN

Canadian Energy Services L.P.

March 20, 2008 10:23 ET

Canadian Energy Services L.P. Announces Cash Distribution

CALGARY, ALBERTA--(Marketwire - March 20, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Canadian Energy Services L.P. ("Canadian Energy Services" or the "Partnership") (TSX:CEU.UN) announced today that it will pay a cash distribution of $0.0792 per Class A Common limited partnership unit ("Class A Unit") on April 15, 2008 in respect of operations for the period from March 1, 2008 to March 31, 2008 to Unitholders of record on March 31, 2008.

In addition, the Partnership will pay a cash distribution of $0.2376 per Class B subordinated limited partnership unit ("Subordinated Class B Unit") on April 15, 2008 in respect of operations for the period from January 1, 2008 to March 31, 2008 to Unitholders of record on March 31, 2008.

Canadian Energy Services designs and implements drilling fluid systems for the oil and gas industry, in particular relating to drilling medium to deep vertical and directional wells and horizontal wells in western Canada. Additional information about Canadian Energy Services is available at www.sedar.com.

Canadian Energy Services is organized in accordance with the terms and conditions of a limited partnership agreement which provides that only persons who are resident in Canada, or, if partnerships, are Canadian partnerships, in each case for purposes of the Income Tax Act (Canada) (the "Tax Act"), may own units of the Partnership. Units may not be purchased as a "tax shelter investment" for the purposes of the Tax Act or by any entity an interest in which is a tax shelter investment.

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

Contact Information

  • Canadian Energy Services Inc.,
    the general partner of Canadian Energy Services L.P.
    Tom Simons
    President and Chief Executive Officer
    (403) 269-2800
    or
    Canadian Energy Services Inc.,
    the general partner of Canadian Energy Services L.P.
    Laura A. Cillis
    Chief Financial Officer
    (403) 269-2800
    Website: www.CanadianEnergyServices.com