CALGARY, ALBERTA--(Marketwired - Sept. 27, 2013) - Trican Well Service Ltd. ("Trican") (TCW.TO) announces that Kelly Price will resign from his position as President of Trican's U.S. subsidiary, Trican Well Service, LP. ("Trican US"), effective October 15, 2013. Don Luft, Trican's President and Chief Operating Officer, will serve as Interim President of Trican US until a permanent replacement is appointed.
Trican's Executive and Board of Directors would like to thank Kelly for his contributions over the past three years as Kelly has been instrumental in the growth of Trican's U.S. operations and the establishment of several new operating bases. We wish him every success in his future endeavors.
Headquartered in Calgary, Alberta, Trican has operations in Canada, the United States, Russia, Kazakhstan, Australia and Norway. Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.
Please visit our website at www.trican.ca.
Certain statements and other information included in this press release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements"). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements. Such forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control, as well as various assumptions and business sensitivities, including those risk factors described in the Company's most recent Annual Information Form and annual management's discussion and analysis which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This forward-looking information includes, among others:
- The belief that a permanent replacement will be appointed; and
- The belief that Mr. Luft and our U.S. management team will build on the asset and customer base.
Trican disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable Canadian securities legislation.