/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, Sept. 11 /CNW/ - Cathedral Energy Services Income Trust (the
"Trust" - TSX: CET.UN) is pleased to announce two management appointments.
Effective September 15, 2008 John Ruzicki will assume the position as
Executive Vice President, reporting to Mark Bentsen, President & CEO. Mr.
Ruzicki has over 21 years of experience in the oil and gas industry, most
recently as Vice President, Sales & Marketing for Peak Energy Services Trust
(2004-2008) and Polar Completions (a division of Precision Drilling Trust)
(1997-2003). Mr. Ruzicki is a Certified Engineering Technologist through the
Association of Science and Engineering Technology Professionals, and holds an
Engineering Technology Diploma from the Southern Alberta Institute of Alberta.
Mr. Ruzicki has extensive work experience focusing on oilfield services in
completions & drilling, in domestic, U.S. and international markets, since
1987. Mr. Ruzicki will provide strategic leadership towards future
developments & operational activities of the Trust.
David DeFreitas has been appointed to Vice President, Completion
Services, USA reporting to Mark Bentsen and has relocated from Calgary,
Alberta to Denver, Colorado. Prior to accepting this new position Mr.
DeFreitas held the position of General Manager of the Trust's Canadian
production testing operations. Under the new position, Mr. DeFreitas will
oversee the Trust's U.S. wireline and production testing operations including
the future expansion of these operations.
Certain statements in this news release including (i) statements that may
contain words such as "anticipate", "could", "expect", "seek", "may" "intend",
"will", "believe", "should", "project", "forecast", "plan" and similar
expressions, including the negatives thereof, (ii) statements that are based
on current expectations and estimates about the markets in which the
Trust/Cathedral operates and (iii) statements of belief, intentions and
expectations about developments, results and events that will or may occur in
the future, constitute "forward-looking statements" and are based on certain
assumptions and analysis made by the Trust/Cathedral. Forward-looking
statements in this news release include, but are not limited to, statements
with respect to future capital expenditures, including the amount, nature and
timing thereof; oil and natural gas prices and demand; other development
trends within the oil and natural gas industry; business strategy; expansion
and growth of the Trust's/Cathedral's business and operations and other such
matters. Such forward-looking statements are subject to important risks and
uncertainties, which are difficult to predict and that may affect the
Trust's/Cathedral's operations, including, but are not limited to: the impact
of general economic conditions; industry conditions; government and regulatory
developments; oil and natural gas product supply and demand; competition; and
the Trust's/Cathedral's ability to attract and retain qualified personnel. The
Trust's/Cathedral's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if
any of them do transpire or occur, what benefits the Trust/Cathedral will
derive therefrom. Subject to applicable law, the Trust disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
All forward-looking statements contained in this document are expressly
qualified by this cautionary statement. Further information about the factors
affecting forward-looking statements is available in the Trust's current
Annual Information Form and Annual Report which have been filed with Canadian
provincial securities commissions and are available on www.sedar.com.
For further information:
For further information: Mark L. Bentsen, President and Chief Executive
Officer or P. Scott MacFarlane, Chief Financial Officer, Cathedral Energy
Services Ltd., 1700, 715 - 5th Avenue S.W., Calgary, Alberta, T2P 2X6,
Telephone: (403) 265-2560, Fax: (403) 262-4682,