Central Alberta Well Services Corp. has acquired all of the assets and personnel of a service rig division of an Alberta based drilling company. The transaction has an effective date of June 30, 2008 and is subject to the final approval of the TSX Venture Exchange.
"We are pleased to be expanding our fleet and welcome the management and employees who have joined us with this acquisition. The added rigs will allow CWC to meet increasing demands for our service equipment in the third and fourth quarters of 2008 and the first quarter of 2009. In addition, the acquisition will assist in the expansion plans of the Company into northern B.C. and southeast Saskatchewan," said CWC President and CEO Darryl Wilson.
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