Flint announces multi-year construction contract in Cold Lake region



    (TSX: FES)

    CALGARY, Feb. 5 /CNW/ - Flint Energy Services Ltd. (Flint, the Company)
announced today that the Company's Production Services division has been
awarded a six-year mechanical construction contract with a major producer in
Northeast Alberta. While the contract has a six-year term, it also includes
the option to renew for another four years. The contract will be worth between
$300 and $500 million (Canadian dollars) over the life of the agreement.
    The contracted work is located in the Cold Lake region of Northeast
Alberta and will involve the construction of CSS (cyclic steam stimulation)
well pads, installation of well head equipment, and construction of both
aboveground and underground pipelines. The work, which is scheduled to
commence in the first quarter of 2009, will be performed by Flint's Production
Services division from their operation centres in Cold Lake and Bonnyville,
Alberta.

    Flint Energy Services Ltd. is a market leader providing an expanding
range of integrated products and services for the oil and gas industry
including: production services; field construction; oilfield transportation;
process equipment design and manufacturing; and tubular management services.
Flint provides this unique breadth of products and services through over 60
strategic locations in the oil and gas producing areas of western North
America, from Inuvik in the Northwest Territories to Mission, Texas on the
Mexican border. Flint is a preferred provider of infrastructure construction
management, module fabrication, and maintenance services for upgrading and
production facilities in Alberta's fast growing oil sands sector.
http://www.flint-energy.com

    FORWARD LOOKING STATEMENTS

    Certain statements in this news release are "forward-looking statements",
which reflect current expectations of the management of Flint regarding future
events or Flint's future performance. All statements other than statements of
historical fact contained in this news release may be forward-looking
statements. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in the forward-looking statements.
Flint believes that the expectations reflected in such forward-looking
statements are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon. The forward-looking statements are expressly
qualified in their entirety by this cautionary statement. The forward-looking
statements are made as of the date of this news release and Flint assumes no
obligation to update or revise them to reflect new events or circumstances,
except as expressly required by applicable securities law. Further information
regarding risks and uncertainties relating to Flint and its securities can be
found in the disclosure documents filed by Flint with the securities
regulatory authorities, available at www.sedar.com.

    %SEDAR: 00017156E




For further information:

For further information: Guy Cocquyt, Director of Investor Relations,
Flint Energy Services Ltd., Telephone: (403) 218-7195,
gcocquyt@flintenergy.com, Website: www.flintenergy.com

Organization Profile

FLINT ENERGY SERVICES LTD.

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