TSX : WRG | CAN $10.45 +0.26 2.55% | at 14:31 ET on Apr 16, 2014

2010

December 17, 2010

Western Energy Services Announces Closing of Pantera Drilling Aquisition and Announces the Sydication and Increase of its Credit Facilities

Western Energy Services Corp. and Pantera Drilling Income Trust are please to announce the closing of the previously announced acquisition of Pantera by Western.  Western is also pleased to announce the syndication of its credit facilities, which increase Western’s aggregate credit limit from $50 million to $75 million.

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November 18, 2010

Western Energy Services Corp. Releases Third Quarter 2010 Financial and Operating Results

Western Energy Services Corp. is pleased to release its third quarter 2010 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2010 will be available on SEDAR at www.sedar.com.

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October 18, 2010

Western Energy Services Corp. Enters Into an Agreement to Acquire Pantera Drilling Income Trust.

Western Energy Services Corp. and Pantera Drilling Income Trust are pleased to announce that they have entered into an Arrangement Agreement whereby, subject to certain conditions, Western will acquire all of the issued and outstanding units of Pantera in exchange for shares of Western.

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August 25, 2010

Western Energy Services Corp. Announces Completion of the Acquisition of Impact Drilling Ltd.

Western Energy Services Corp. is pleased to announce that the acquisition, through its wholly owned subsidiary Horizon Drilling Inc., of Impact Drilling Ltd. was completed effective today.

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August 18, 2010

Western Energy Services Corp. Releases Second Quarter 2010 Financial and Operating Results

Western Energy Services Corp. is pleased to release its second quarter 2010 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis for the three and six months ended June 30, 2010 will be available on SEDAR at www.sedar.com.

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July 19, 2010

Western Energy Services Corp. Announces Private Company Acquisition

Western Energy Services Corp. announces that it has entered into (through its wholly owned subsidiary Horizon Drilling Inc.) a definitive arrangement agreement with Impact Drilling Ltd. (“Impact”), whereby Western will acquire all of the outstanding securities of Impact.

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May 27, 2010

Western Energy Services Corp. Releases First Quarter 2010 Financial and Operating Results

Western Energy Services Corp. is pleased to release its first quarter 2010 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis for the three months ended March 31, 2010 will be available on SEDAR at www.sedar.com.

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April 15, 2010

Western Energy Services Corp. Announces Increase to Credit Facility

Western Energy Services Corp. announces that it has increased its credit facility with its existing lender. The credit facility will consist of a $5 million operating demand revolving loan, and a $45 million 364-day committed extendible revolving credit facility.

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March 22, 2010

Western Energy Services Corp. Announces Issuance of Stock Options

Western Energy Services Corp. announces that options to purchase 18,400,000 common shares of the Company were granted today to directors, officers, employees and consultants of the Company with an exercise price of $0.285 per share and the options expiring five years from the date of grant with one-third of such options vesting on each of the second, third and fourth year anniversary from the date of grant.

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March 18, 2010

Western Energy Services Corp. Announces Completion of $75 million Bought Deal Financing and Private Company Acquisition

Western Energy Services Corp. is pleased to announce that it has closed the previously announced $75 million bought deal financing with a syndicate of underwriters co-led by Cormark Securities Inc. and Raymond James Ltd. and including FirstEnergy Capital Corp., Peters & Co. Limited and Thomas Weisel Partners Canada Inc. and has closed the acquisition of Horizon Drilling Inc. a privately held company which owns and operates oil and natural gas drilling rigs, for a total purchase price of approximately $66 million, including the assumption of debt.

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March 18, 2010

Western Energy Services Corp. Announces the Acquisition of Cedar Creek Drilling Ltd.

Western Energy Services Corp. is pleased to announce that it has closed the previously announced acquisition of Cedar Creek Drilling Ltd., a privately held company which owns and operates oil and natural gas drilling rigs.

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February 25, 2010

Western Energy Services Corp. Announces Two Private Company Acquisitions and a $75 million Bought Deal Financing

Western Energy Services Corp. is pleased to announce that it has entered into agreements to acquire all of the issued and outstanding shares of two separate privately held companies, each of which owns and operates oil and gas drilling rigs for a total purchase price of approximately $84 million, including the assumption of debt.

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February 24, 2010

Western Energy Services Corp. Provides an Operational Update and Files Amended Q3 2009 Interim Financial Statements and MD&A

Western Energy Services Corp. announced today that it has reviewed its options pertaining to financing proposed acquisitions and Western has determined that if a financing cannot be completed at $0.20 per share, due to discount restrictions imposed by the TSX Venture Exchange rules that limit any discount to no more than 25% of the market price, the Company may not be in a position to complete the proposed acquisitions and to execute its strategic plan.

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February 22, 2010

Western Energy Services Corp. Announces Private Company Acquisitions and Financing Update

Further to its press release of December 23, 2009, whereby Western Energy Services Corp. (“Western” or the “Company”) (TSXV: WRG) announced a capital restructuring, a new management team, a new board of directors and a corporate strategy of taking steps to consolidate certain sectors of the Canadian energy services market, Western hereby provides an update of certain of its activities since that time.

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