Flint Awarded Module Fabrication Contract
(TSX - FES)
CALGARY, Nov. 2 /CNW/ - Flint Energy Services Ltd. (Flint, the Company) announced that it was awarded a contract to fabricate production modules for Suncor Energy's Firebag SAGD (steam assisted gravity drainage) bitumen extraction projects near Fort McMurray, Alberta. Work on the fixed-price contract valued at $18.5 million starts immediately, and work will continue through to the second quarter of 2011, employing up to 200 workers at Flint's fabrication facilities in Sherwood Park, Alberta.
Flint Energy Services Ltd. is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services; infrastructure construction; oilfield transportation; and maintenance services. Flint, with more than 10,000 employees, provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of Western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred supplier of infrastructure construction management, module fabrication, maintenance services for upgrading and production facilities in Alberta's oil sands sector. www.flintenergy.com
FORWARD LOOKING STATEMENTS
All statements other than statements of historical fact contained in this news release may be "forward-looking statements". Such forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements, and as such, they should not be unduly relied upon. The forward-looking statements are made as of the date of this news release and Flint assumes no obligation to update or revise them, except as expressly required by applicable securities law. Further information regarding risks and uncertainties relating to Flint and its securities can be found in the disclosure documents filed by Flint with the securities regulatory authorities, available at www.sedar.com.
%SEDAR: 00017156E
For further information:
Guy Cocquyt, Director of Investor Relations
Telephone: (403) 218-7195, Email: [email protected]
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