Global Energy Services Ltd. Completes Sale of the Business and Assets of Its Communications Division
11 Ottobre 2011 - 11:14PM
Marketwired
Global Energy Services Ltd. (TSX VENTURE:GLK) ("Global" or the
"Company") is pleased to announce that, further to its news release
of July 21, 2011, it has, subject to receipt of final TSX Venture
Exchange Approval, completed the non-arm's length sale of the
business and assets of its Communications Division to 1610635
Alberta Ltd., a private Alberta company fifty percent owned by a
director of Global.
Global is an innovative oilfield service company that focuses
its efforts on the production service sector, building off of the
recently completed acquisition of the assets of Stellarton
Technologies Inc. as disclosed in prior news releases dated March
29, 2011, April 26, 2011 and June 17, 2011. The production services
segment utilizes its patented Activator Hydraulic Submersible Pump
("HSP") to enhance and increase ultimate production in both
conventional and unconventional gas, oil, and CBM wells. Global was
founded in 1994 and is listed on the Exchange.
More information about Global Energy Services can be found at
http://www.global-energy.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Global Energy Services Ltd. Eric Laing President and
Chief Executive Officer (403) 699-7675elaing@stellartontech.com
Global Energy Services Ltd. Suite 1810 715-5th Ave S.W. Calgary,
Alberta T2P 2X6www.global-energy.ca
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