SERVICE SECTOR / Falcon Well Services on CDN Exchange
Edmund M. Shimoon, President of Falcon Well Services Ltd. ("Falcon")
announced today that the company has been advised by the Canadian Dealing
Network Inc. ("CDN") that the quotation of the common shares of Falcon has
been approved. Quotation of Falcon's common shares on the CDN's system under
the symbol "FWSL" will be available starting Wednesday, February 18, 1998.
Falcon Well Services Ltd. is a Calgary-based oil and gas well servicing
company, performing recompletions, perforations, and other types of service
requirements for existing oil and gas wells. It also has the capacity to
drill both horizontal and vertical wells. Falcon's services are presently
utilized in the oil and gas producing areas of Western Canada and the company
is contemplating expanding internationally.
The Board of Directors is comprised of Edmund Shimoon of Calgary, Alberta; V.
Wayne Turner of Halifax, Nova Scotia; Gary Robertson of Montreal, Quebec;
Colin McPhee of Calgary, Alberta; and Maurice Jodoin of Outremont, Quebec.
Edmund Shimoon is the Chairman and Chief Executive officer.
As of the date of this press release, there are outstanding 28,376,627 Common
Shares and 75,136 Preference Shares of the Capital Stock of Falcon.
For further information, please contact:
E. Shimoon, President
Falcon Well Services Ltd.
Phone: (403) 297-0490
Fax: (403) 297-0499 |
