TORONTO, Oct. 2 /CNW/ - In accordance with regulatory requirements,
Edward J. Kernaghan announced that on October 2, 2007 he acquired ownership of
1,057,900 trust units of Wellco Energy Services Trust ("Wellco") representing
5.9% of the trust units of Wellco to bring his total holdings of trust units
of Wellco to 1,764,800 or 9.9% of the total outstanding. Together with his
joint actors, namely, Kernwood Limited, Kernaghan Securities Ltd., Alice G.
Kernaghan and Elizabeth A. Kernaghan, Mr. Kernaghan holds, an aggregate of
3,017,700 trust units of Wellco representing approximately 16.88% of the trust
units of Wellco. All purchases of trust units of Wellco were made through the
facilities of the Toronto Stock Exchange.
The trust units of Wellco were acquired by Mr. Kernaghan and his joint
actors for investment purposes only. Mr. Kernaghan and/or his joint actors may
acquire additional securities of Wellco for investment purposes from time to
For further information:
For further information: Edward J. Kernaghan, Kernwood Limited, P.O. Box
97 Suite 2925, 200 Bay Street, Toronto, Ontario, M5J 2J2, (416) 203-8844