TSX SYMBOL: PES
CALGARY, Jan. 21 /CNW/ - "Market Surveillance" ("IIROC") on behalf of
the Toronto Stock Exchange has contacted Peak Energy Services Ltd.
("Peak"), in accordance with its usual practice, in light of IIROC's
view of recent market activity in the common shares of Peak and has
requested that Peak issue this press release. While it is Peak's
general policy not to comment on market activity, Peak confirms it is
in very preliminary discussions regarding a potential corporate
transaction. Peak has not entered into any agreements in this regard,
including without limitation, any confidentiality agreement or
non-binding letter of intent, and there is no assurance that any
agreement will be entered into (non-binding or binding) in the future
or that any transaction will be considered or completed. No further
comment will be forthcoming unless the situation warrants.
About Peak Energy Services Ltd.
Peak Energy Services Ltd. is a diversified energy services organization
operating in western Canada and the United States of America. Through
its various operating divisions, Peak provides drilling and production
services to its customers both in the conventional oil and gas industry
as well as the oil sands regions of western Canada. Peak also provides
water technology solutions to a variety of customers throughout North
America. Peak's common shares are listed on the Toronto Stock Exchange
under the symbol "PES".
Forward Looking Statements: Certain information set forth in this news release, including
management's assessment of future plans, necessarily involve risks and
uncertainties, certain of which are beyond Peak's control. Actual
results, performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any events anticipated by
the forward-looking statements will transpire or occur, or if any of
them do so the effect they will have on Peak. Additional information
on these and other factors that could affect Peak are included in
reports on file with Canadian securities regulatory authorities and may
be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward-looking statements contained in this news
release are made as of the date of this news release, and Peak does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be expressly
required by applicable securities law.
SOURCE Peak Energy Services Ltd.
For further information:
Chief Financial Officer
Phone: (403) 543-7325
Fax: (403) 543-7335