Secure Energy Announces Approval of A Monthly Dividend
CALGARY, ALBERTA -- (Marketwire) -- 03/04/13 -- Secure Energy
Services Inc. ("Secure" or the "Corporation") (TSX:SES) today
announced that its Board of Directors has approved the implementation
of a dividend of $0.0125 per share per month, or $0.15 per share on
an annual basis, commencing May 1, 2013. A subsequent press release
will be issued once the May 1, 2013 dividend is declared and included
in the release will be the date of record, ex-dividend date and the
date of payment.
"Our strong balance sheet, growing cash flow and stable business
model provide the foundation for the announcement of a dividend,"
said Rene Amirault, Secure's Chairman and Chief Executive Officer.
"The initiation of a monthly dividend reflects our confidence in the
ability of our business model to generate returns to our shareholders
while continuing to fund our ambitious organic capital program."
ABOUT SECURE ENERGY SERVICES INC.
Secure is a TSX publicly traded energy services company that focuses
on providing specialized services to upstream oil and natural gas
The Corporation operates two divisions:
Processing, Recovery and Disposal Division: Operating under the trade
name Secure Energy Services, the processing, recovery and disposal
services division focuses on clean oil terminalling, custom treating
of crude oil, crude oil marketing, produced and waste water disposal,
oilfield waste processing, landfill disposal and oil purchase/resale
Drilling Services Division: Operating under the trade name Marquis
Alliance Energy Group Inc. and its wholly owned subsidiaries
("Marquis Alliance") and operating under the trade name XL Fluids
Systems Inc. ("XL Fluids") and under the trade name Imperial Drilling
Fluids Engineering Inc. ("IDF"), the drilling services division
focuses on drilling fluid systems, solids control, equipment rental
service, drilling waste management and environmental services. The
drilling fluids service line includes the design and implementation
of drilling fluid systems for producers drilling for oil, bitumen and
FORWARD LOOKING STATEMENTS
Certain statements contained in this document constitute
"forward-looking statements" within the meaning of securities laws,
including the "safe harbor" provisions of Canadian securities
legislation and the United States Private Securities Litigation
Reform Act of 1995. When used in this document, the words "may",
"would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect", and similar expressions, as they relate to
Secure, or its management, are intended to identify forward-looking
statements. Such statements reflect the current views of Secure with
respect to future events and operating performance and speak only as
of the date of this document. In particular, this document contains
forward-looking statements pertaining to: the anticipated date of
declaration of a dividend.
Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance
or results, and will not necessarily be accurate indications of
whether such results will be achieved. We caution readers not to
place undue reliance on these statements as a number of factors could
cause actual results to differ materially from the results discussed
in these forward-looking statements. Although forward-looking
statements contained in this document are based upon what the
Corporation believes are reasonable assumptions, the Corporation
cannot assure investors that actual results will be consistent with
these forward-looking statements. The forward-looking statements in
this document are expressly qualified by this cautionary statement.
Unless otherwise required by law, Secure does not intend, or assume
any obligation, to update these forward-looking statements.
The Toronto Stock Exchange has not reviewed, nor does it accept
responsibility for the adequacy or accuracy of this release.
Secure Energy Services Inc.
Chairman, President and Chief Executive Officer
Secure Energy Services Inc.
Chief Financial Officer
(403) 984-6101 (FAX)
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