Western Energy Services Corp.

November 19, 2013 08:00 ET

Western Energy Services Corp. Announces Board and Executive Management Changes

CALGARY, ALBERTA--(Marketwired - Nov. 19, 2013) - Western Energy Services Corp. ("Western" or the "Company") (TSX:WRG) announces that Dale E. Tremblay, the Chairman and Chief Executive Officer of Western, will be retiring as Chairman, Director and CEO of the Company effective December 1, 2013. Mr. Tremblay has held those positions since December 2009, when Mr. Tremblay led a recapitalization of Western and the subsequent strategic initiatives which resulted in Western becoming a significant Canadian-based oilfield contract drilling and well servicing company. Mr. Tremblay will continue to provide transitional assistance to the Company until May 31, 2014. In addition, Mr. Murray Mullen will be retiring from the Board effective December 1, 2013. Mr. Mullen was one of the original directors of Western and was involved in the December 2009 recapitalization.

As a result of the retirements of Mr. Tremblay and Mr. Mullen, the Board of Directors is pleased to announce that, effective December 1, 2013, Mr. Ron Mathison has been appointed Chairman of the Board and Mr. Alex MacAusland, the current President and Chief Operating Officer, has been appointed President, Chief Executive Officer and a Director of the Company.

The Board would like to sincerely thank Dale and Murray for their significant contributions and dedication to the growth of Western. Dale was instrumental in building the business from the time of the recapitalization into a leading Canadian oilfield service company, and his experience and leadership were key elements to the Company's success. In addition, Mr. Mullen's contributions to the Board as lead director since the recapitalization have been significant and his guidance has been a key element of the Company's success to date. The Board wishes to thank each of Dale and Murray for their contributions and wishes them the very best in their respective future endeavours.

About Western Energy Services Corp.:

Western is an oilfield service company which provides contract drilling services in Canada through its division Horizon Drilling and in the United States through its wholly owned subsidiary Stoneham Drilling Corporation. In Canada, Western also provides well servicing through its division Eagle Well Servicing and oilfield rental services through its division AERO Rental Services.

Contact Information

  • Alex MacAusland
    President and COO

    Jeffrey K. Bowers
    Senior VP Finance and CFO

    Western Energy Services Corp.
    1700, 215 - 9th Avenue SW
    Calgary, AB T2P 1K3
    PH: 403.984.5916
    Fax: 403.984.5917