Wellco Energy Services Trust

Wellco Energy Services Trust

May 31, 2005 16:30 ET

Wellco Closes Trueline Acquisition

CALGARY, ALBERTA--(CCNMatthews - May 31, 2005) - Kenneth M. Bagan, President & CEO, is pleased to report that Wellco Energy Services (TSX:WLL.UN) ("Wellco") has now completed its previously announced acquisition of Trueline Oilfield Services Inc. for an aggregate purchase price of $8.8 million Cdn. With this acquisition, Wellco adds production testing to its suite of services, and has the opportunity to expand this business throughout the Company's operating structure.

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.

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