ENSIGN TO PROCEED TO COMPULSORY ACQUISITION OF OUTSTANDING AOG SHARES AND
CALGARY, July 24 /CNW/ - Ensign Resource Service Group Inc. is pleased to
announce its wholly-owned subsidiary, Ensign (Australia) Holdings Pty Limited
("Ensign"), has increased its relevant interest in Australian Oil & Gas
Corporation Limited ("AOG") fully paid ordinary shares ("AOG Shares") to
96.4%. Ensign has also increased its holding of ASX quoted AOG options ("AOG
Options") to 96.2%.
Selby Porter, President of Ensign Resource Service Group Inc. stated "The
successful acquisition of AOG is an important step in the development of the
Ensign's Group's international oilfield services operations. We welcome the
management and employees of AOG to the Ensign Group, and look forward to
capitalising on the Ensign Group's global growth opportunities."
Ensign's successful offers have now closed. Ensign is entitled to, and
will now proceed to compulsory acquisition of the remaining outstanding AOG
Shares and AOG Options.
Ensign Resource Service Group Inc. is an international oilfield services
contractor based in Calgary, Alberta. The Ensign Group's Common Shares
(symbol: ESI) are publicly traded through the facilities of The Toronto Stock
/For further information: Glenn Dagenais, Vice President Finance, Ensign
Resource Service Group Inc., Telephone: (403) 262-1361;
To request a free copy of this organization's annual report, please go to
http://www.newswire.ca and click on reports(at)cnw./
CO: Ensign Resource Service Group Inc.
-0- Jul/24/2002 23:13 GMT
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