Sikanni Services Ltd.
TSX VENTURE : SKI

Sikanni Services Ltd.

December 06, 2007 15:26 ET

Sikanni Further Expands Its US Operations

RED DEER, ALBERTA--(Marketwire - Dec. 6, 2007) - SIKANNI SERVICES LTD. ("Sikanni" or the "Company") (TSX VENTURE:SKI) - Sikanni is pleased to announce it has signed a long term contract to supply an additional 50 of its wheeled frac tanks to a US based energy services company. The tanks will be deployed throughout Montana and North Dakota for a major E&P customer. As a result of this agreement, Sikanni anticipates that the utilization of its 140 unit tank fleet will increase to over 95% per month. The US based tanks are to be deployed on a 100% take-or-pay basis for two years.

"This new agreement provides the Company with another opportunity to broaden our geographic footprint and further diversify our operations into another profitable market segment." reported Rod MacDonald, President of Sikanni, "We remain committed to increasing shareholder value with value-added opportunities that provide strong bottom line growth and operational diversification."

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sikanni Services Ltd.
    Rod MacDonald
    President & Chief Executive Officer
    (403) 348-2172
    (403) 348-0451 (FAX)
    Email: rmacdonald@sikanni.com
    or
    Sikanni Services Ltd.
    Thomas E. Lewis, CA
    Chief Financial Officer
    (403) 348-2172
    (403) 348-0451 (FAX)
    Email: tlewis@sikanni.com
    or
    Sikanni Services Ltd.
    4757 60th Street
    Red Deer, Alberta, T4N 2N8
    Website: www.sikanni.com