Wellco Energy Services Trust

Wellco Energy Services Trust

October 03, 2005 19:00 ET

Wellco Closes Flo-Safe Acquisition

CALGARY, ALBERTA--(CCNMatthews - Oct. 3, 2005) - Kenneth M. Bagan, President & CEO, is pleased to report that Wellco Energy Services Trust (TSX:WLL.UN), through its subsidiary Wellco Energy Services Inc. ("Wellco") has now completed its previously announced acquisition of Flo-Safe Systems Ltd., for an aggregate purchase price of $8.85 million Cdn, including transaction costs. With this acquisition, Wellco augments its Red Deer based production testing services and expands its coverage area to include Grande Prairie.

Wellco Energy Services Trust is a growth oriented income trust that provides a diversified suite of oilfield services to the Canadian energy industry.

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

Contact Information

  • Wellco Energy Services Trust
    Kenneth M. Bagan
    President & Chief Executive Officer
    (403) 232-6334
    (403) 232-6338 (FAX)
    Email: info@wellcoenergy.com