IROC Energy Services Corp. completes sale of drilling rigs

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[{"type":"text","content":"\n\n\n\n/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN UNITED STATES OR TO ANY\nUNITED STATES NEWS SERVICES/\n\n\nCALGARY, Oct. 30 /CNW/ - IROC Energy Services Corp. ("IROC" or the\n"Corporation") (TSX: "ISC") announced that it has completed the sale of the\nfourth and final drilling rig and related assets to Saxon Energy Services Inc.\n("Saxon") pursuant to the previously announced transaction to dispose of\nIROC's Mission Drilling division assets to Saxon. On the closing of the sale\nof the fourth drilling rig the Corporation received $8.1 million cash,\ncombined with the $25.6 million received September 25th, 2008 for an aggregate\npurchase price for the Mission Drilling assets of $33.7 million.\n\n\nAbout IROC Energy Services Corp.\n\n\nIROC Energy Services Corp. is an Alberta oilfield services company that,\nthrough the IROC Energy Services Partnership, provides a comprehensive and\ndiverse range of products, services and equipment to the oil and gas industry.\nIROC combines cutting-edge technology with depth of experience to deliver a\nproduct and services offering in five core areas: well servicing & equipment,\ndownhole temperature & pressure monitoring tools, rental services, lease\nbuilding, and safety, monitoring & communications services. For more\ninformation on IROC Energy Services Corp. visit our website at\nwww.iroccorp.com.\n\n\nPublicly reported information for IROC Energy Services Corp. is available\nat www.sedar.com.\n\n\nCautionary Statements\n\n\nCertain statements contained in this press release may constitute forward\nlooking statements concerning, among other things, expected revenues, expected\nexpenses, profits, developments and strategies for IROC's operations all of\nwhich are subject to certain risks, uncertainties and assumptions. These\nforward looking statements are identified by their use of terms and phrases\nsuch as "anticipate", "continue", "estimate", "expect", "may", "will",\n"projected", "should", "believe" and other similar terms and phrases. By its\nnature, such forward looking information involves known and unknown risks,\nuncertainties and other factors that may cause actual results or events to\ndiffer materially from those anticipated in such ...

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