Flint announces new construction contract for StatoilHydro's Leismere Oilsands Project

    (TSX: FES)

    CALGARY, Nov. 18 /CNW/ - Flint Energy Services Ltd. (Flint, the Company)
announced today the Company has been awarded a $50 million (Canadian dollar)
construction contract by StatoilHydro Canada Limited, the Canadian business
unit of StatoilHydro, for work on the Leismer Oilsands Demonstration Project
located near Fort MacMurray, Alberta.
    The contract will involve the site construction of the central plant's
mechanical components for the new SAGD (Steam Assisted Gravity Drainage)
    StatoilHydro's Leismer Oilsands Demonstration Project is a grass roots
SAGD facility near Conklin, Alberta designed to extract bitumen from oil
sands. The facility is located approximately 160 km south of Fort McMurray,
    In 2007, StatoilHydro acquired North American Oil Sands Corporation with
over 1,100 square kilometres of oil sands leases in northern Alberta. The
contract awarded to Flint is part of the first phase in a multi-year
development plan which will see bitumen production increase from an initial
20,000 barrels per day in 2012 to over 200,000 barrels per day by 2020.
    The project is also called Kai Kos Dehseh, which in the Chipewyan Dene
language, means Red Willow River, the name for the Christina River which
meanders through the lease area.

    Bill Lingard, President and Chief Executive Officer of Flint said, "We
are very excited to have been selected by StatoilHydro for this work on the
Kai Kos Dehseh Demonstration Project. StatoilHydro is a world class operator
and we look forward to working with them on this important initial phase of
their development".

    Flint Energy Services 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 62
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.


    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.

For further information:

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

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