Pure Energy Services Ltd.
TSX : PSV

Pure Energy Services Ltd.

May 14, 2008 17:21 ET

Pure Energy Announces Clarification of Recently Announced Contractual Commitment and Posting of Annual General Meeting Presentation

CALGARY, ALBERTA--(Marketwire - May 14, 2008) - Pure Energy Services Ltd. ("Pure Energy") (TSX:PSV) announces that, subsequent to its press release of May 13, 2007, it has received clarification of the contractual arrangement awarded to its wholly-owned subsidiary Pure Energy Services (USA), Inc. ("Pure USA"). The major independent oil and gas producer has advised that a formal contractual commitment will not be entered into with Pure USA at this time. Pure USA has performed fracturing services for the producer during the 2008 first quarter and has been given a significant fracturing services project which will be performed throughout the month of July, 2008. Upon completion of this project, the producer will evaluate the services and consider entering into a more formal contractual arrangement with Pure USA at that time.

Pure Energy also announces that it has posted its Annual General Meeting presentation on its website, at www.pure-energy.ca. The presentation can be viewed on the website under the "Conference Calls and Presentations" tab located in the "Investor Relations" section on the website.

Pure Energy is an oilfield services company that provides completion and drilling related services to oil and gas exploration and development entities in the Western Canadian Sedimentary Basin ("WCSB") and, through its wholly-owned subsidiary, Pure Energy Services (USA), Inc., in the Rocky Mountain region of the United States.

Pure Energy currently provides logging and perforating, production testing, multiline, drilling, drilling rental and pressure transient analysis services to customers in the WCSB, and also provides production testing, logging and perforating, and fracturing services to customers in the US Rocky Mountain region.

Contact Information

  • Pure Energy Services Ltd.
    Kevin Delaney
    President and CEO
    (403) 262-4000
    (403) 262-4005 (FAX)
    Email: kdelaney@pure-energy.ca
    or
    Pure Energy Services Ltd.
    Michael Baldwin
    Chief Financial Officer
    (403) 262-4000
    (403) 262-4005 (FAX)
    Email: mbaldwin@pure-energy.ca
    or
    Pure Energy Services Ltd.
    #300, 1010 - 1st Street S.W.
    Calgary, Alberta T2R 1K4
    Website: www.pure-energy.ca