TSX-V: "GLK"
Shares Outstanding 20,519,293
CALGARY, Aug. 13 /CNW/ - Global Energy Services Ltd. ("Global Energy")
(GLK - TSX Venture), is pleased to announce a major gas producer has placed an
order in excess of $1.6 Million for several Activator hydraulic submersible
pumps and associated components.
Over the next several months, the pumps will be installed in the gas
producer's conventional gas and Coalbed Methane (CBM) wells in Alberta. The
producer selected Global's patented pump for three primary reasons: increase
in gas production after utilizing the pump, the pump's strong performance in
low fluid rate and low pressure gas wells, and the pump's ability to utilize
wind and solar power in the future.
"We are pleased to receive this order as it demonstrates our patented
pump is gaining traction," said Derek Begin, President and CEO of Global
Energy Services. "Our pump is well positioned in both North American
conventional gas and CBM market as we continue to prove its ability to work
superiorly in mature low pressure gas wells."
About Global Energy Services Ltd.
Global Energy Services Ltd. is an innovative oilfield service company
that provides production services and communications solutions to the oil and
gas industry. The production services segment utilizes its patented Activator
hydraulic submersible pump to enhance gas production in conventional gas and
coalbed methane wells. Global's communications segment provides a complete
suite of integrated products and solutions specifically suited for the oil and
gas industry. Global was founded in 1994 and is listed on the TSX-V.
More information about Global Energy Services Ltd. can be found at
http://www.global-energy.ca
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
%SEDAR: 00006009E
