Business
IROC Energy Services Corp. announces increase to 2012 capital expenditures budget
CALGARY, May 24, 2012 /CNW/ - IROC Energy Services Corp. ("IROC" or the "Corporation") (TSX...
About this update from Information Services Corp. Class A
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, May 24, 2012 /CNW/ - IROC Energy Services Corp. (\"IROC\" or the\n \"Corporation\") (TSXV: \"ISC\") is pleased to announce the Board of\n Directors has approved an increase of $8.4 million to the previously\n announced 2012 capital budget, bringing the total 2012 capital budget\n to $29.4 million.  The additional capital is expected to be used to\n construct three new service rigs with delivery of the first rig\n expected in third quarter and the last two expected for delivery in the\n fourth quarter 2012. With the addition of these rigs, IROC, through its\n Eagle Well Servicing division, will exit the year with 50 rigs,\n operating from bases in Alberta and Saskatchewan.\n\n\nTom Alford, President and CEO of IROC stated, \"Due to continuing\n customer demand we feel it is prudent to increase our service rig\n construction program, meeting those needs with build to suit\n equipment.\"\n\n\nAbout IROC Energy Services Corp. \nIROC Energy Services Corp. is an Alberta oilfield services company that,\n through the IROC Energy Services Partnership, provides products,\n services and equipment to the oil and gas industry that is among the\n newest and most innovative in the WCSB. IROC Energy Services\n Partnership operates under the business names of Eagle Well Servicing,\n Aero Rental Services and Helix Coil Services.  IROC combines\n cutting-edge technology with depth of experience to deliver a product\n and services offering in the following core areas: well servicing &\n equipment, rental services and coil tubing services. For more\n information on IROC Energy Services Corp., visit our website at www.iroccorp.com.\n\n\nCautionary Statement Regarding Forward Looking Information and Statements\nCertain information contained in this news release, including\n information related to the Corporation's level of utilization, future\n capital expenditures, anticipated equipment counts and information or\n statements that contain words such as \"forecasted\", \"could\", \"should\",\n \"can\", \"anticipate\", \"expect\", \"believe\", \"will\", \"may\", \"likely\",\n \"estimate\", \"predict\", \"potential\", \"continue\", \"maintain\", \"retain\",\n \"grow\", and similar expressions and statements relating to matters that\n are not historical facts, constitute \"forward-looking information\"\n within the meani...