CALGARY, ALBERTA — (Marketwired) — 09/27/13 — New West Energy Services Inc. (TSX VENTURE: NWE)(the “Corporation”) is pleased to announce the financial results for the Corporation for its first quarter ended July 31, 2013.
HIGHLIGHTS
Operational and Financial Results for the first quarters ended July 31, 2013 and 2012:
Company Developments:
Subsequent Events:
OVERVIEW
The Corporation is a publicly-traded company that is listed on the TSX Venture Exchange under the trading symbol “NWE.V”. The Corporation–s business activities are carried out through two wholly owned Calgary, Alberta subsidiaries – BearStone Environmental Solutions Inc. (“BearStone”) and Porterco Oilfield Services Inc. (“Porterco”).
BearStone is an environmental oilfield services company that provides environmental services and operates a fleet of specialized vacuum and water trucks to the upstream oil and gas industry throughout western Canada.
Porterco is a newly formed subsidiary resulting from the acquisition of the operating assets of Porterco Welding Ltd. which acquisition was completed on August 24, 2012. Porterco is based in Slave Lake, Alberta and operates a fleet of trucks and trailers for hauling contaminated drill cuttings. Other services offered by Porterco include equipment rental, custom fabrication and general oilfield hauling.
OUTLOOK AND STRATEGY
The Corporation continues to pursue new acquisitions (as mentioned above in subsequent events) which will compliment and diversify its existing services.
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
New West Energy Services Inc.
Gerry E. Kerkhoff
President & Chief Executive Officer
403.984.9798 or 1.888.977.2327 (BEAR)
403.984.9799 (FAX)