Parkland Energy Services Inc.
TSX VENTURE : PKE

January 13, 2011 18:42 ET

Parkland Energy Services Inc.: News Release

RED DEER, ALBERTA--(Marketwire - Jan. 13, 2011) - Parkland Energy Services Inc. (TSX VENTURE:PKE) announces that Sandy Woitas has been appointed President and Chief Executive Officer of Parkland Energy Services Inc. effective January 13, 2011. Prior to her appointment as President and Chief Executive Officer, Ms. Woitas served as Vice President, Operations for Parkland. Since 2005, Ms. Woitas has been Owner/Manager of Ace Oilfield Construction Ltd. In this capacity, she promotes sales, oversees the dispatch of men and equipment, and approves repairs and the purchase and sale of equipment and any related financing. She is also in charge of office administration and human resources. Sandy has cultivated a team of highly skilled personnel that participate in a Certificate of Recognition "COR" safety program that is highly regarded in the Oil & Gas Industry. Most recently Sandy negotiated the purchase of Pinnacle Projects Ltd. and is integrating it into Ace which will diversify Ace into the pipeline and facility construction/maintenance aspect of the Petroleum Industry. Prior to ACE, Ms. Woitas has had a 25year involvement in the petroleum industry. She was employed by Dome Petroleum, Amoco Canada and Margin Energy. Her responsibilities included: land administration, safety implementation and reporting, accounting and administration, and production analysis.

Parkland Energy Services Inc. also wishes to announce that Allan Slobodian has tendered his resignation as Chief Financial Officer effective February 10, 2010. Parkland wishes to thank Mr. Slobodian for all of his efforts to date and wishes him success in his future endeavours.

Parkland has commenced the search to find a replacement for Mr. Slobodian.

Additionally, Ayaz Kara has tendered his resignation as a Director of the company effective January 31, 2011. Parkland also thanks Mr. Kara for his board service and wishes him well.

Parkland is a company based in Red Deer, Alberta that specializes in the manufacturing of separator packages, metering skids, production tanks and pressure vessels, and the provision of sandblasting and painting, coating, welding and fabrication services. And through its wholly owned subsidiary Ace Oilfield Construction Ltd. provides lease site construction and reclamation, as well as, small inch pipeline construction and facility work. The company's common shares are listed on the TSX Venture Exchange and trade under the symbol "PKE".

Forward-Looking Statements

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of hydrocarbon reserves and resources, the realization of reserve and resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of drilling and development operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of hydrocarbon resources; production or recovery rates; accidents, Labour disputes and other risks of the oil and gas industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Parkland Energy Services Inc.
    Sandy Woitas
    President and Chief Executive Officer
    (403) 346-8119