Peak Energy Services Trust
TSX : PES.UN

Peak Energy Services Trust

September 21, 2005 14:07 ET

Peak Energy Services Trust- Announces Increase to Underwriters' Option

CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Peak Energy Services Trust (TSX:PES.UN) ("Peak") announces that it has agreed to increase the size of the underwriters' option for its previously announced bought deal financing by 100,000 trust units to a total of 517,000 trust units. Peak further announces that the bought deal financing is being carried out through a syndicate of underwriters led by Canaccord Capital Corporation and including Orion Securities Inc. and Sprott Securities Inc.

Peak Energy Services Trust is a diversified energy services organization providing oilfield equipment and related services to the energy industry in Western Canada. Peak Energy Services Trust's units are listed on the Toronto Stock Exchange under the symbol "PES.UN".

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The Trust Units will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Contact Information

  • Peak Energy Services Trust
    Mr. Christopher E. Haslam
    Chairman and Chief Executive Officer
    (403) 543-7325
    (403) 543-7335 (FAX)
    or
    Peak Energy Services Trust
    Mr. Matt J. Huber
    Chief Financial Officer
    (403) 543-7325
    (403) 543-7335 (FAX)