Western Energy Services Corp. to Grow its US Based Nitrogen Business by 50%

About this update from Western Energy Services Corp.

[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n\n\nCALGARY, Jan. 21 /CNW/ - Western Energy Services Corp. ("Western" or the\n"Company") is pleased to announce that it has completed a purchase of nitrogen\npumping and transport equipment that will increase the size of its US based\nnitrogen fleet by 50%. The purchase will be debt financed using facilities\nmade available to the Company from its US based commercial bank.\n\n\n"The current distressed market for oilfield services in Canada is a\nsignificant opportunity to acquire quality equipment at a fraction of what we\nwould have paid to have it built," stated Jim McQuarrie, President & CEO.\n"This equipment will be immediately deployed to our new operations centre in\nAshdown, Arkansas."\n\n\nForward Looking Information\n\n\nThis release contains certain forward-looking statements related but not\nlimited to the Company's expectations, intentions, plans and beliefs.\nInvestment advisors, shareholders and potential investors are cautioned not to\nplace undue reliance on forward-looking information which by its nature\ninvolves assumptions, risks and uncertainties, both general and specific, that\ncontribute to the possibilities that predictions, projections, forecasts and\nfuture events will not occur. Consequently, actual results could differ\nmaterially from the expectations expressed in these forward-looking\nstatements. The Company does not assume any responsibility to update this\ninformation for events subsequent to its preparation.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n","length":1736,"tagName":"div"}]

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