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New West Energy Services Lands Oilfield Services Company

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August 20, 2012

New West Energy Services Inc. (TSX VENTURE:NWE) announce that it has entered into an agreement to acquire the operating assets of Porterco Welding Ltd. for an aggregate cash purchase price of $1.4 million subject to certain customary closing adjustments.

The operating assets of Porterco include all equipment used in the hauling and handling of drilling waste solids, rental equipment, vehicles, inventory and customer lists. The transaction is scheduled to close on August 24, 2012.

Porterco is an oilfield services company operating in Slave Lake, Alberta. The services offered by Porterco ...

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