CALGARY, Oct. 16, 2017 /CNW/ - SECURE Energy Services Inc. ("SECURE") (TSX – SES) is pleased to announce that its Board of Directors has declared a dividend for the month of November 2017 of $0.02125 per common share ("Common Share") payable on or about November 15, 2017 to shareholders of record on November 1, 2017. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). To be an eligible shareholder, a shareholder must be resident in Canada and must not be a "U.S. person" within the meaning of U.S. federal securities laws.
Secure also announced today that it expects to release its 2017 third quarter financial and operating results after market close on Thursday, November 9, 2017. Interim Financial Statements and Management's Discussion and Analysis will be posted to Secure's website and SEDAR following the release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or absent an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
ABOUT SECURE ENERGY SERVICES INC.
Secure is a TSX publicly traded energy infrastructure and services company that provides safe, innovative, efficient and environmentally responsible management of fluids and solids solutions to the oil and gas industry in Western Canada and certain regions in the United States ("U.S."). The Corporation operates three divisions:
Processing, Recovery and Disposal Division ("PRD"): The PRD division owns and operates midstream infrastructure including facilities and pipelines providing processing, storing, shipping and marketing of crude oil, oilfield waste disposal and recycling. The PRD division services include clean oil terminalling, rail transloading, pipeline transportation, crude oil marketing, custom treating of crude oil, produced and waste water disposal, oilfield waste processing, landfill disposal, and oil purchase/resale service. Secure currently operates a network of facilities throughout Western Canada and in North Dakota, providing these services at its full service terminals ("FST"), landfills, stand-alone water disposal facilities ("SWD") and full service rail facilities ("FSR").
Drilling and Production Services Division ("DPS"): The DPS division provides equipment and product solutions for drilling, completion and production operations for oil and gas producers in Western Canada. Drilling services focuses on providing products and systems that are designed for more complex wells, such as medium to deep wells, horizontal wells and horizontal wells drilled into the oil sands. Production services focuses on providing equipment and chemical solutions that optimize production, provide flow assurance and maintain the integrity of production assets.
Onsite Services Division ("OS"): The OS division provides services that include pipeline integrity services (inspection, excavation, repair, replacement and rehabilitation), demolition and decommissioning, reclamation and remediation of former wellsites, facilities, industrial properties, and environmental construction projects (landfills, containment ponds, subsurface containment walls, etc.); Integrated Fluid Solutions ("IFS") which include water management, recycling, pumping and storage solutions; and Environmental services which provide pre-drilling assessment planning, drilling waste management, remediation and reclamation assessment services, Naturally Occurring Radioactive Material ("NORM") management, waste container services, and emergency response services.
SOURCE SECURE Energy Services Inc.
For further information: Rene Amirault, Chairman, President and CEO; Chad Magus, Executive Vice President and CFO; Phone: (403) 984-6100, Fax: (403) 984-6101, Website: www.secure-energy.com, TSX Symbol: SES