New West Energy Services Inc. Announces Its First Quarter Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 09/29/14 -- 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, 2014.
Operational and Financial Results for the First Quarters Ended July 31, 2014 and 2013:
Company Developments:
Outlook and Strategy:
The Corporation is implementing its diversification strategy for services and equipment upon completion of this fiscal year end which is expected to increase revenues and margins and reduce the fluctuations in equipment utilization between the summer and winter seasons. As part of this process, the Corporation plans on diversifying its equipment fleet from drilling related services to production type services to offset the swings in drilling utilization.
OVERVIEW
The Corporation operates in the oilfield service industry in Canada through two wholly owned subsidiaries - BearStone Environmental Solutions Inc. and Porterco Oilfield Services Inc. BearStone provides environmental services to the upstream oil and gas industry and also operates a fleet of specialized vacuum, hydrovac and water trucks. Porterco operates a fleet of trucks and trailers for hauling oil contaminated drill cuttings as well as providing equipment rental and custom fabrication 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)
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Unternehmensinformation / Kurzprofil:
Datum: 29.09.2014 - 23:14 Uhr
Sprache: Deutsch
News-ID 339800
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Equipment
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