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Western Energy Services Corp V.WRG


Primary Symbol: T.WRG Alternate Symbol(s):  WEEEF

Energy Oil & Gas Drilling
Western Energy Services Corp. is a Canada-based energy services company that provides contract drilling services in Canada and in the United States and production services in Canada through its various divisions, its subsidiary, and its first nations relationships. The Company's services include Horizon Drilling, Stoneham Drilling, Eagle Well Servicing and Aero Rental Services. Its contract drilling business includes drilling rigs along with related ancillary equipment. Its production services business includes well servicing rigs and related equipment, as well as rental equipment. It markets a fleet of approximately 41 drilling rigs specifically suited for drilling complex horizontal wells across Canada and the United States. The Company operates around 63 well servicing rigs. Its drilling rigs can include features such as AC power, top drive, dual fuel, automated pipe handling, automated catwalk, hydraulic substructure levelling, hydraulic BOP handling and Range III tubulars.


TSX:WRG - Post by User

Western Energy Services Corp > FILES PRELIMINARY PROSPECTUS FOR RIGHTS OFFERING
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Post by Betteryear2on Mar 30, 2022 6:39pm
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Post# 34560877

FILES PRELIMINARY PROSPECTUS FOR RIGHTS OFFERING

FILES PRELIMINARY PROSPECTUS FOR RIGHTS OFFERINGCALGARY, AB, March 30, 2022 /CNW/ - Western Energy Services Corp. (the "Company" or "Western") (TSX: WRG) announces that it has filed a preliminary short form prospectus (the "Preliminary Prospectus") with the securities regulatory authorities in all the provinces of Canada with respect to a proposed rights offering to its shareholders to raise $31.5 million (the "Rights Offering"). The Company has also concurrently filed a registration statement on Form F-7 with the United States Securities and Exchange Commission in the United States relating to the Rights Offering.
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