CALGARY, Oct. 20, 2014 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral” / TSX: CET) announces that it has supplied directional drilling equipment and services for over 1,000 wells completed by Tundra Oil and Gas Partnership (“Tundra”) in Manitoba and Saskatchewan. This 1,000 well milestone represents over 14 years of collaboration between Tundra and Cathedral.
Randy Pustanyk, Chief Operating Officer of Cathedral commented; “Cathedral is extremely proud to be a part of the long standing relationship with Tundra and their ongoing commitment to improvement and operational excellence. Working directly with Tundra, Cathedral has significantly decreased the average number of days per well drilled in the Williston Basin area, not just for Tundra but for all of our customers in this area. We look forward to many years of future success with Tundra.”
Tim Howell, Senior Vice President of Operations for Tundra commented; “Cathedral has been a critical long-term partner with us on our drilling programs enabling us to decrease our well costs significantly. Cathedral has tailored their equipment and on-site services to our needs and is very responsive when there are challenges. A key aspect to our drilling success has been Cathedral’s ability to work as a team with our engineers, drilling contractors and suppliers.”
Tundra Oil & Gas Partnership is a wholly-owned business of Winnipeg-based James Richardson & Sons, Limited (“JRSL”), a private family company established in 1857. JRSL is a multi-disciplined enterprise with operations in agriculture, food processing, financial services, property management and energy exploration. Additional information on Tundra can be found at www.tundraoilandgas.com
Cathedral Energy Services is a trusted partner to North American energy companies requiring high performance directional drilling services and dependable flowback and production testing solutions.
We work in partnership with our customers to tailor our equipment and expertise to meet their specific geographical and technical needs. Our experience, technologies and responsive personnel enable our customers to achieve higher efficiencies and lower project costs.
Cathedral’s shares trade on the TSX under the symbol: CET. For more information, visit www.cathedralenergyservices.com.
This press release contains certain statements or disclosures relating to Cathedral that are based on the expectations of Cathedral as well as assumptions made by and information currently available to Cathedral which may constitute forward-looking information under applicable securities laws. In particular, statements related to ongoing relationships with customers may contain forward-looking information. Many factors could cause the performance or achievement by Cathedral to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking information. Cathedral’s Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website (www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. Cathedral disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
SOURCE Cathedral Energy Services Ltd.
For further information: Randy Pustanyk, Executive Vice President and COO, Cathedral Energy Services Ltd., 6030 – 3rd Street S.E., Calgary, Alberta T2H 1K2, Telephone: 403.265.2560