Sanjel Announces Entry into an Agreement for the Acquisition of Sure Tech Tool Services Inc.

CALGARY, Nov. 2, 2011 /CNW/ - Sanjel Corporation is pleased to announce that it has entered into an agreement to acquire Sure Tech Tool Services Inc. (Sure Tech), a Canadian-based completions company. Targeted closing of the transaction is anticipated to take place by December 15, 2011.

"Sanjel's proven experience in the technically challenging multi-stage fracturing market has resulted in increased demand for our services," said Warren Zemlak, Sanjel's Chief Operating Officer.  "Sanjel is well positioned to deliver a comprehensive suite of services and innovative solutions, providing our clients with an overall reduction in their well life cycle and service costs.  We are confident that with the addition of Sure Tech's completion technology and comprehensive line of completion tools, Sanjel will expand its ability to provide completion efficiencies and enhance recovery for our customers around the world."

Sanjel Corporation is a Canadian-based, international oilfield service company with almost three decades of industry experience.  As a major competitor in the global oil and gas market and the largest privately-owned oilfield service company in Canada, Sanjel offers five specialized service lines in acidizing, cementing, coiled tubing, fracturing, and nitrogen - each complete with our own broad range of specialized products and custom-designed and manufactured equipment.  Driven by pride and recognized for performance, Sanjel transforms our industry-leading technology into customized solutions and superior job execution.

SOURCE Sanjel Corporation

For further information:

Sanjel Corporation
Vivienne Allen
Manager - Corporate Marketing & Communications
403.462.2195 (Phone)
403.716.4024 (Fax)

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Sanjel Corporation

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