Western Energy Services Corp. · TSX:WRG
Western Energy Services — Shareholder Meeting (June 2010)
8 slides from Western Energy Services's shareholder meeting presentation, Jun 29, 2010
Slide 1: Annual and Special Meeting June 29, 2010
ANNUAL AND SPECIAL MEETING JUNE 29, 2010 WRG.V
Slide 2: Transition of Western Energy Services Corp.
Transition of Western Energy Services Corp. Headcount November, 2009 3 Analysis and Due Diligence December 8, 2009 28 Appoint new Management December 22, 2009 28 Closed Private Placement – raised $7 million December 22, 2009 28 Appoint new Board of Directors WRG.V 2
Slide 3: Transition of Western Energy Services Corp. (cont'd)
Transition of Western Energy Services Corp. (cont’d) Headcount February 24, 2010 23 Announced closure of USA Operations February 25, 2010 23 Announced Financing and Acquisitions March 18, 2010 23 Completed $75 million Bought Deal Equity Financing March 18, 2010 236 Closed Acquisitions – Horizon Dril
Slide 4: Management Team & Board
Management Team & Board Management Team Independent Board Members Dale E. Non-executive Chairman of Saxon Energy Murray K. CEO & Chairman of the Mullen Group Ltd. Tremblay Services Inc. Mullen Director of ShawCor Ltd. Former President, CEO and Director of Saxon Former Director of Precision
Slide 5: Overview of Western Energy Services Corp.
Overview of Western Energy Services Corp. Western’s current operations include drilling and production services StimSol Canada Inc. Stimulation services and fluid pumping Pressure trucks, cement and acid pumpers Specialty solvents and laboratory services Nitrogen services including trans
Slide 6: StimSol Canada Inc. Revenue and EBITDA
StimSol Canada Inc. Revenue and EBITDA $1,000,000 $900,000 $800,000 $700,000 $600,000 Q1 2010 Revenue $500,000 Q1 2010 EBITDA Q1 2009 Revenue $400,000 Q1 2009 EBITDA $300,000 $200,000 $100,000 $0 January January February February March March WRG.V 6
Slide 7: Utilization – Horizon Drilling Inc.
Utilization – Horizon Drilling Inc. 90% Cedar Creek/Horizon Drilling Closing 80% 70% 60% 50% 2010 Horizon Drilling (YTD) 2010 Industry (YTD) 40% 2009 Industry 30% (Est.) 20% 10% 0% Jan Feb Mar Apr May Jun WRG.V 7
Slide 8: Western Energy Services Corp.
Western Energy Services Corp. For further information please contact: Dale E. Tremblay Email: dtremblay@wesc.ca Office: 403-262-9439 Cell: 403-973-9439 Alex MacAusland Email: amacausland@wesc.ca Office: 403-984-5932 Cell: 403-819-9855 Jeffrey K. Bowers Email: jbowers@wesc.ca Office: 403-984-5933 Cel
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