Hyduke Energy Services Inc. announces $2,000,000 contract for North Africa



    EDMONTON, June 23 /CNW/ - Hyduke Energy Services Inc. ("Hyduke")
(TSX:HYD) is pleased to announce that is has been awarded a contract to
manufacture a workover rig for the North African market. The contract, valued
at approximately $2,000,000, requires delivery of a new Hyduke Desert King 650
self-propelled workover rig by late 2008. The Hyduke Desert King 650 is a
proprietary design developed in 2006 specifically for the North African desert
environment.
    Gordon McCormack, President and Chief Executive Officer, commented, "We
are extremely pleased with winning this contract as it demonstrates Hyduke's
continuing success designing special-purpose equipment as well as achieving
increased market penetration into the North African oilfield industry."

    About Hyduke

    Hyduke is an integrated oilfield services company with over thirty years
experience in the manufacture, repair and distribution of oilfield equipment
and supplies in Canada and worldwide. Hyduke specializes in providing
customized, integrated solutions to the drilling and well service industries
including:

    
    -  Turn-Key Equipment - drilling rig and service rig packages including
       in-house design, engineering and drafting, major component procurement
       and overall project management;
    -  Life Cycle Management - inspection, certification, service, repair and
       supply services throughout the operating life of the drilling or well
       service rig; and
    -  Single Source Supply - providing new capital equipment, repair and
       maintenance on existing capital equipment and supply of operating
       consumables.
    

    Hyduke is headquartered in Nisku, Alberta and has facilities in Edmonton,
Calgary, Nisku, Leduc, Red Deer and Lloydminster, Alberta.
    Hyduke operates in three operating segments. The Drilling Equipment
segment includes manufacture and repair of land based drilling rigs and
drilling rig structures, supply and repair of drilling rig equipment,
procurement and distribution of drilling supplies, supply and service of
pneumatic controls, engineering and design of drilling rigs and inspection and
certification of drilling rig equipment. The Well Service Equipment segment
includes manufacture and repair of well service rigs, mobile and skid mounted
pump units and other well service equipment, procurement and distribution of
well servicing supplies, supply and service of pneumatic controls, engineering
and design of well service rigs and inspection and certification of well
service equipment. The Other Oilfield Services segment includes manufacture
and distribution of cased hole and overburden drill bits and drilling systems,
custom and production machining services, distribution and repair of
truck-mounted equipment including cranes, winches and dump boxes and
industrial sandblasting, painting and collision repair.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this News Release.

    Forward Looking Statements

    This report contains certain forward-looking statements relating, but not
limited to, operations, anticipated financial performance, business prospects
and strategies of Hyduke. Forward-looking information typically contains
statements with words such as "anticipate", "believe", "estimate", "expect",
"plan", "intend" or similar words suggesting future outcomes or outlooks on,
without limitation, estimates of business activity, supply and demand for the
Company's products, the estimated amounts and timing of capital expenditures,
anticipated future debt levels, or other expectations, beliefs, plans,
objectives, assumptions or statements about future events or performance.
Readers are cautioned not to place undue reliance on forward-looking
information. By its nature, forward-looking information involves numerous
assumptions, inherent risks and uncertainties both general and specific that
may cause actual future results to differ materially from those contemplated
and contribute to the possibility that the predictions, forecasts, projections
and other forward-looking statements will not occur. These factors may affect
anticipated earnings or assets and include, but are not limited to: industry
activity levels, market liquidity, customer credit risk, competition, oil and
gas prices, product liability, fixed price contracts, development of new
products, uninsured and underinsured losses, access to additional financing,
source of supply of raw material and third party components, availability of
key personnel, agreements and contracts, government regulations, foreign
exchange exposure, interest rate risk, international scope of operations,
environmental health and safety regulations and Hyduke's anticipation of and
success in managing the risks implied by the foregoing. The Company cautions
that the foregoing list of important factors is not exhaustive. Hyduke
undertakes no obligation to update publicly or otherwise revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required pursuant to applicable securities
legislation.





For further information:

For further information: Gordon R. McCormack, President and Chief
Executive Officer, (780) 955-0355; Veronica Dutchak, Chief Financial Officer,
(780) 955-0355


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