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/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, Sept. 11 /CNW/ - Cathedral Energy Services Income Trust (the "Trust" - TSX: CET.UN) is pleased to announce two management appointments. Effective September 15, 2008 John Ruzicki will assume the position as Executive Vice President, reporting to Mark Bentsen, President & CEO. Mr. Ruzicki has over 21 years of experience in the oil and gas industry, most recently as Vice President, Sales & Marketing for Peak Energy Services Trust (2004-2008) and Polar Completions (a division of Precision Drilling Trust) (1997-2003). Mr. Ruzicki is a Certified Engineering Technologist through the Association of Science and Engineering Technology Professionals, and holds an Engineering Technology Diploma from the Southern Alberta Institute of Alberta. Mr. Ruzicki has extensive work experience focusing on oilfield services in completions & drilling, in domestic, U.S. and international markets, since 1987. Mr. Ruzicki will provide strategic leadership towards future developments & operational activities of the Trust.
David DeFreitas has been appointed to Vice President, Completion Services, USA reporting to Mark Bentsen and has relocated from Calgary, Alberta to Denver, Colorado. Prior to accepting this new position Mr. DeFreitas held the position of General Manager of the Trust's Canadian production testing operations. Under the new position, Mr. DeFreitas will oversee the Trust's U.S. wireline and production testing operations including the future expansion of these operations.
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Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which the Trust/Cathedral operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by the Trust/Cathedral. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; oil and natural gas prices and demand; other development trends within the oil and natural gas industry; business strategy; expansion and growth of the Trust's/Cathedral's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect the Trust's/Cathedral's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; oil and natural gas product supply and demand; competition; and the Trust's/Cathedral's ability to attract and retain qualified personnel. The Trust's/Cathedral's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits the Trust/Cathedral will derive therefrom. Subject to applicable law, the Trust disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
All forward-looking statements contained in this document are expressly qualified by this cautionary statement. Further information about the factors affecting forward-looking statements is available in the Trust's current Annual Information Form and Annual Report which have been filed with Canadian provincial securities commissions and are available on www.sedar.com.
%SEDAR: 00018316E