Rooster Energy Ltd.
TSX VENTURE : COQ

Rooster Energy Ltd.

August 18, 2016 16:05 ET

Morrison Well Services Recognized for Offshore Safety

CALGARY, ALBERTA--(Marketwired - Aug. 18, 2016) - ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ) is pleased to announce that its wholly owned subsidiary, Morrison Well Services, LLC, is the 2015 recipient of the American Equity Underwriters (AEU) Safety Award for excellence in offshore safety. Morrison Well Services was presented with the award at the American Longshore Mutual Association (ALMA) annual conference held on July 24, 2016.

AEU is the program administrator for ALMA, the third largest and the fastest growing writer of workers' compensation coverage under the U.S. Longshore and Harbor Workers' Compensation Act. The awards are given by AEU each year to the best performing ALMA members in the United States and are based on the number of accidents and the severity of accidents for the calendar year. Morrison Well Services provides oil and gas well intervention services primarily in the shallow waters of the Gulf of Mexico earned the best offshore safety record among ALMA members for 2015.

"This award is a credit to our world-class crews," said M.J. Plaisance, HSEQ manager for Morrison Well Services. "Their dedication to maintaining the highest standards for quality and safety is what makes an achievement like this possible. We strive for an accident free work place and appreciate the recognition of that accomplishment."

"AEU feels strongly about helping our members keep their employees safe, and rewarding and recognizing those that do so, said Mike Lapeyrouse, president and CEO of AEU. "The Safety Awards are our way of spotlighting those in the maritime industry that are going above and beyond in that effort."

"Utilizing well-maintained, company-owned equipment, experienced crews and best-in-class operational support, Morrison Well Services embraces environmental, health and safety objectives as core values. They endeavor to provide for their employees' livelihoods and clients' needs through the application of management systems that protect the environment, safeguard employees' health and eliminate injuries to their people," said Jimmy Burgin, AEU senior vice president and director of loss control.

ABOUT ROOSTER ENERGY LTD.

Rooster Energy Ltd. is a Houston, Texas, based vertically integrated oil and gas exploration production company combined with a well service intervention/plugging and abandonment subsidiary, Morrison Well Services, LLC, focused in the shallow waters of the U.S. Gulf of Mexico. Our primary oil and gas assets consist of producing oil and gas wells located on US federal and state oil and gas leases and service company assets consisting of rigless well plugging and abandonment/intervention units.

Investors are welcome to visit our website at www.roosterenergyltd.com.

Financial outlook information contained in this press release, if any, about the Company's prospective cash flows and/or financial position is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available. Readers are cautioned that any such financial outlook information contained herein should not be used for purposes other than for which it is disclosed herein.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Contact Information

  • Gary L. Nuschler, Jr.
    Chief Financial Officer
    16285 Park Ten Place, Suite 120
    Houston, Texas, USA 77084
    (832) 772-6313 ext. 555