Peak Energy Services Trust
TSX : PES.UN

Peak Energy Services Trust

September 18, 2007 17:18 ET

Peak Energy Services Trust Announces Resignation of Lloyd Swift From Its Board of Directors and Appointment of Stephen Hayden

CALGARY, ALBERTA--(Marketwire - Sept. 18, 2007) - Peak Energy Services Trust (TSX:PES.UN) ("Peak") announces that Lloyd Swift has resigned from its Board of Directors. The Board and Senior Management of Peak wish to thank Mr. Swift for his support, knowledge and guidance over the past ten years and wish him success in his future endeavors.

Peak is pleased to announce the appointment of Stephen Hayden to its Board of Directors effective immediately. Mr. Hayden runs a private capital management company which invests in private and publicly traded companies. Prior to starting his investment firm, Mr. Hayden was a Director of Investment Banking at Canaccord Capital and prior thereto was a securities lawyer at the law firm of Burnet Duckworth and Palmer in Calgary and an Investment Banker at JP Morgan Securities and RBC Dominion Securities. Mr. Hayden currently owns directly and indirectly approximately 344,550 trust units of Peak which he recently purchased in the open market.

Peak Energy Services Trust is a diversified energy services organization operating in western Canada and mid-west United States of America. Through its operating segments, the Trust provides drilling and production services to oil and gas producers. Peak's units are listed on the Toronto Stock Exchange under the symbol "PES.UN".

The TSX have neither approved nor disapproved the information contained herein.

Contact Information

  • Peak Energy Services Trust
    Mr. Curt Whitteron
    President and Chief Operating Officer
    (403) 543-7325
    (403) 543-7335 (FAX)
    or
    Peak Energy Services Trust
    Mr. Matt Huber
    Chief Financial Officer
    (403) 543-7325
    (403) 543-7335 (FAX)