CALGARY, Jan. 14 /CNW/ - Crossfire Energy Services Inc. ("Crossfire" or
the "Company") today announced the Company has entered into a master service
agreement (MSA) with an exploration and producer customer in its Northern
Pipeline Construction operation. The MSA agreement encompasses pipeline and
construction services in northern Alberta and will be manned and operated
through the Company's Zama City construction operation.
Management anticipates that the project will staff approximately 70
people and the project is expected to be completed before spring thaw of 2008.
The Company anticipates revenue from this project to be $8 - $9 million
"The project represents a significant mobilization of men and equipment
to our Zama City operation", said Dean Bethune, Crossfire's President and CEO.
"This project represents a tremendous opportunity for Crossfire and
compliments construction activity the Company has secured in our north west
Alberta construction group".
The Company's business strategy involves merging complimentary service
offerings together. As a result, it enables the Company to operate as a
one-stop-shop for the fabrication, construction and maintenance relating to
oilfield facilities. The strategy is guided by a focus to be recognized as a
specialist in the fabrication of a wide scope of oilfield facility components,
manufacturing subcontractor for major energy facilities projects, as well as
the construction and maintenance of oilfield facilities and pipeline.
The company's success is built upon a commitment to build long-term
relationships with clients, employees and investors. Crossfire is a publicly
traded company on the TSX Venture Exchange, symbol CFE.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Dean Bethune, President & CEO, Crossfire Energy
Services Inc., Suite 550, 340 - 12th Avenue SW, Calgary, AB, T2R 1L5,
firstname.lastname@example.org, www.crossfireenergy.ca, (403) 237-5115; A. Scott
Hamilton, Chief Financial Officer, Crossfire Energy Services Inc., Suite 550,
340 - 12th Avenue SW, Calgary, AB, T2R 1L5, email@example.com