Western Lakota Announces Meeting Results
CALGARY, ALBERTA--(CCNMatthews
- Aug. 24, 2006) - Western Lakota Energy Services Inc. (TSX:WLE) ("Western
Lakota") is pleased to announce the results of the special meeting of its securityholders held today regarding the merger of Western
Lakota and Savanna Energy Services Corp. (TSX:SVY). Western Lakota securityholders overwhelmingly approved the plan of
arrangement by 99% of the votes cast. The court application for the final order
and closing of the arrangement is scheduled to occur on
Upon court approval and closing of the transaction, the merged company will
operate 79 drilling rigs, 35 wireline units, 22
service rigs and 5 coil tubing service units. After completing the 2006
Construction Plan, the Company will operate 103 drilling rigs, 37 wireline units, 22 service rigs and 8 coil tubing service
units. The new entity will be a leading energy services provider in
The above includes various forward-looking statements about our markets, demand
for our products and services, and future addition of new equipment. The
statements are forward-looking statements in the context of Canadian and
Western Lakota Energy Services Inc.
Elson McDougald
President & CEO
(403) 214-5953
Email: http://ceocfointerviews.com/openwebmail/cgi-bin/openwebmail-send.pl?sessionid=pizzandy*ceocfointerviews.com-session-0.304396353735687&folder=INBOX&page=4&sort=date&keyword=&searchtype=subject&action=composemessage&message_id=%3C02b301c6c7c8%24099d7ae0%242d002c46%40lynnh49dpi66k1%3E&compose_caller=read&to=elson@westernlakota.com
Website: http://www.westernlakota.com/