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CALGARY, Jan. 21 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") is pleased to announce that it has completed a purchase of nitrogen pumping and transport equipment that will increase the size of its US based nitrogen fleet by 50%. The purchase will be debt financed using facilities made available to the Company from its US based commercial bank.
"The current distressed market for oilfield services in Canada is a significant opportunity to acquire quality equipment at a fraction of what we would have paid to have it built," stated Jim McQuarrie, President & CEO. "This equipment will be immediately deployed to our new operations centre in Ashdown, Arkansas."
Forward Looking Information
This release contains certain forward-looking statements related but not limited to the Company's expectations, intentions, plans and beliefs. Investment advisors, shareholders and potential investors are cautioned not to place undue reliance on forward-looking information which by its nature involves assumptions, risks and uncertainties, both general and specific, that contribute to the possibilities that predictions, projections, forecasts and future events will not occur. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not assume any responsibility to update this information for events subsequent to its preparation.
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