Sanjel Announces Entry into an Agreement for the Acquisition of Sure Tech Tool Services Inc.
CALGARY, Nov. 2, 2011 /PRNewswire/ – Sanjel Corporation is pleased to announce
that it has entered into an agreement to acquire Sure Tech Tool
Services Inc. (Sure Tech), a Canadian-based completions company.
Targeted closing of the transaction is anticipated to take place by
December 15, 2011.
“Sanjel’s proven experience in the technically challenging multi-stage
fracturing market has resulted in increased demand for our services,”
said Warren Zemlak, Sanjel’s Chief Operating Officer. “Sanjel is well
positioned to deliver a comprehensive suite of services and innovative
solutions, providing our clients with an overall reduction in their
well life cycle and service costs. We are confident that with the
addition of Sure Tech’s completion technology and comprehensive line of
completion tools, Sanjel will expand its ability to provide completion
efficiencies and enhance recovery for our customers around the world.”
Sanjel Corporation is a Canadian-based, international oilfield service
company with almost three decades of industry experience. As a major
competitor in the global oil and gas market and the largest
privately-owned oilfield service company in Canada, Sanjel offers five
specialized service lines in acidizing, cementing, coiled tubing,
fracturing, and nitrogen – each complete with our own broad range of
specialized products and custom-designed and manufactured equipment.
Driven by pride and recognized for performance, Sanjel transforms our
industry-leading technology into customized solutions and superior job
SOURCE Sanjel Corporation