Western Energy Services Corp. sells its production services segment and issues stock options

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Sept. 14, 2011 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSXV: WRG) is pleased to announce that it has sold all of the shares owned and debt owing from its wholly owned subsidiary StimSol Canada Inc. ("Stimsol") for aggregate proceeds of $21.1 million, subject to a closing working capital adjustment.  Prior to such sale, StimSol carried on the business of Western's production services segment which included stimulation services, fluid pumping, and specialty solvents.  Proceeds from this sale will initially be used to reduce Western's bank indebtedness.

In addition, Western announces that, in accordance with the terms of the Company's stock option plan it has granted 353,500 stock options to officers and employees, of which 210,000 of such options were issued to officers of Western.  All such stock options were granted on August 12, 2011, have an expiry date of August 11, 2016 and an exercise price of $8.75 established by the market closing price of Western on the TSX Venture Exchange on August 11, 2011.  Options granted to the officers and employees vest 1/3 on the first anniversary of the grant; 1/3 on the second anniversary of the grant and 1/3 on the third anniversary of the grant.

Western's Board of Directors believes that the issuance of stock options to employees, officers and directors of the Company strongly promotes the alignment of their interests with those of shareholders.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Western Energy Services Corp.

For further information:

Dale E. Tremblay
Chief Executive Officer
403-984-5929
dtremblay@wesc.ca

Alex MacAusland
President & COO
403-984-5932
amacausland@wesc.ca

Jeffrey K. Bowers
VP Finance & CFO
403-984-5933
jbowers@wesc.ca


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