ALICE, Texas, Jan. 14 /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB)
today announced its rig and trucking hours billed for the month of December
For the month ending
December 31, 2008 November 30, 2008 December 31, 2007
Working days 20 18 18
Rig hours 27,272 30,892 17,562
Truck hours 95,401 103,499 69,434
Working days represent the week days in the month less holidays. Rig and
truck hours represent actual hours billed to customers. Work days in December
2008 amounted to 20 based on 23 weekdays in the month reduced by two days for
the Christmas holiday and one day the New Year holiday.
Forbes Energy Services cautions that several factors other than those
discussed above may impact the Company's operating results and that a
particular trend regarding the factors above may or may not be indicative of
the Company's current or future financial performance.
Forbes Energy Services is an independent oilfield services contractor
that provides a broad range of drilling-related and production-related
services to oil and natural gas companies, primarily onshore in Texas.
Contacts: Forbes Energy Services Ltd.
L. Melvin Cooper, SVP & CFO
Ken Dennard, Managing Partner
Ben Burnham, AVP
For further information:
For further information: L. Melvin Cooper, SVP & CFO of Forbes Energy
Services Ltd., +1-361-664-0549; or Ken Dennard, Managing Partner, or Ben
Burnham, AVP, both of DRG&E, +1-713-529-6600, for Forbes Energy Services Ltd.