Strad Energy Services Ltd.
TSX : SDY

September 23, 2011 16:30 ET

Strad Announces Management Change

CALGARY, ALBERTA--(Marketwire - Sept. 23, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Strad Energy Services Ltd. ("Strad" or the "Company") (TSX:SDY) announces today that Byron Johnson, Chief Financial Officer, is no longer employed by the Company and will be pursuing other opportunities. The responsibilities of CFO are assumed on an interim basis by Andy Pernal, CA - President of Strad.

Henry van der Sloot, Chief Executive Officer of Strad, said, "On behalf of the company we would like to thank Byron for his contributions to the company and wish him well in his future endeavors."

ABOUT STRAD ENERGY SERVICES LTD.

Strad is a diversified energy services company that focuses on providing oilfield solutions to the oil and natural gas industry in North America. Strad operates with two core divisions: Drilling Services and Production Services. Drilling Services focuses on providing complete customer solutions in drilling- related oilfield equipment for producers active in unconventional resource plays. Production Services focuses on delivering a range of products and services to support the ongoing maintenance of natural gas and oil production.

Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol "SDY".

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

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