Wellco Energy Services Trust

Wellco Energy Services Trust

June 11, 2007 06:00 ET

Wellco Updates Strategic Process

CALGARY, ALBERTA--(Marketwire - June 11, 2007) - Wellco Energy Services Trust (TSX:WLL.UN) ("Wellco" or the "Trust") announced today that the previously announced exclusivity agreement with a third party has expired and that it is in discussions with select additional third parties regarding the potential sale or merger of the Trust or other material transactions. There is no certainty that an agreement on a transaction will be reached. Wellco will provide further updates at the appropriate time.

Wellco Energy Services Trust provides the following products and services:

- Accommodations (both camps and wellsite trailers)

- Full service catering

- Wastewater treatment rental

- Surface equipment rentals

- Production testing and frac blow-back tanks

- Service rigs

- Water and Wastewater treatment design and fabrication

This press release may contain forward-looking statements based on the interpretation of industry indicators, reliance upon which involves substantial and unknown risk and uncertainty. These risks and uncertainties are beyond the control of Wellco Energy Services Trust, and no assurance can be given that any of these events or outcomes anticipated by these statements will transpire, or that Wellco Energy Services Trust will benefit therefrom.

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

Contact Information