Peak Energy Services Ltd. Announces Filing of its Annual and Special Meeting Materials and First Quarter 2011 Financial Results Release and Conference Call Dates


CALGARY, May 4 /CNW/ - Peak Energy Services Ltd. ("Peak" or the "Company") advises that it has filed its information circular and associated materials for the Annual and Special Meeting (the "Meeting") of shareholders to be held on May 25, 2011 at 10 a.m. MT (Calgary time) at the Livingston Place Conference Centre, Second Floor, South Tower, 222-3rd Avenue SW, Calgary, Alberta. At the Meeting, Peak shareholders will be asked to approve the acquisition agreement with Clean Harbors, Inc. ("Clean Harbors") (NYSE: CLH), pursuant to which Clean Harbors has agreed to acquire all of the issued and outstanding common shares of Peak ("Peak Shares"), excluding Peak Shares already held by Clean Harbors, for cash consideration of $0.95 per share. Under the terms of the acquisition agreement, the acquisition will be accomplished by way of a plan of arrangement (the "Arrangement") pursuant to the Business Corporations Act (Alberta).

The Meeting materials can be accessed electronically at the following URLs:

The proposed Arrangement is subject to certain conditions including, without limitation, the approval by: the holders of Peak Shares representing at least two-thirds of votes cast in person or by proxy at the Meeting; the Court of Queen's Bench of Alberta; and appropriate regulatory and other authorities. Assuming all approvals are obtained as planned the closing of the Arrangement is anticipated to be completed on June 10, 2011, but no later than the outside date of June 30, 2011.

Furthermore, Peak will release its First Quarter 2010 Financial Results after market close on Tuesday, May 17, 2011. Curt Whitteron, President and Chief Executive Officer and Monty Balderston, Chief Financial Officer will host a conference call to discuss the financial results. The conference call is open to analysts, investors and all interested parties.

Date:           Wednesday, May 18, 2011
Time:           9:30 a.m. MT (Calgary time)
Call:           1 (888) 231-8191 or if preferred 1 (647) 427-7450

Participants are asked to call at least 10 minutes before the start of the call. For those unable to participate on the live call, a replay will be made available until Wednesday, May 25, 2011 by dialing 1 (800) 642-1687 or if preferred 1 (416) 849-0833, pass code 64916894. The replay will also available by webcast at the URL indicated above.

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 and unconventional oil and natural 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.

The TSX have neither approved nor disapproved the information contained herein

SOURCE Peak Energy Services Ltd.

For further information:

Peak Energy Services Ltd.
Mr. Curtis W. Whitteron
President and Chief Executive Officer
(403) 543-7325
(403) 543-7335 (FAX)


Peak Energy Services Ltd.
Mr. Monty R. Balderston
Chief Financial Officer
(403) 543-7325
(403) 543-7335 (FAX)

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Peak Energy Services Ltd.

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