GASFRAC Announces Executive Appointments

GASFRAC Announces Executive Appointments 
CALGARY, ALBERTA -- (Marketwired) -- 06/04/13 -- The board of
directors of GASFRAC Energy Services Inc. ("GASFRAC") (TSX:GFS) today
announced that Jim Hill has been appointed as Chief Executive Officer
and Tim O'Rourke has been appointed as Chief Operating Officer.  
Mr. Hill joined the Company in 2010 as its Chief Financial Officer
and has served as Acting CEO since September 2012. Mr. Hill is a
chartered accountant with over 30 years' experience as a CFO and in
executive management roles with global oilfield services businesses
including Nowsco Well Services and Complete Production Services, both
fracturing companies. As Acting CEO Jim has provided the leadership
resulting in stability both for operations and employees and in
successful execution of the operational review outlined in September
2012. This provides a continuing platform for growth.   
Mr. O'Rourke has an engineering degree with over 20 years of
experience in the oilfield services industry working with Nowsco, BJ
Services, and Nabors Industries in various operational, technical and
sales management roles in Canada and the US. Since joining GASFRAC in
2010, Tim has been instrumental in facilitating many operational and
HSE improvements and has served most recently as Vice President of
Operations. Tim has the leadership and experience to successfully
work with both the operations and sales teams to broaden GASFRAC's
customer base and ensure the highest level of excellence in job
execution.  
We also welcome Brad Gabel to our board of directors. Brad is a
successful oilfield executive who brings a strong knowledge of the
industry and customer base in North America and the experience of
building successful public and private energy service companies.  
The board of directors has established an advisory committee that
will consist of Brad Gabel, Robert Roberts, and Robert Maitland to
provide assistance to Management to review, develop and execute
GASFRAC's strategic initiatives.  
GASFRAC Chairman, Mr. Gerry Roe noted "The Company has developed a
strong executive team over the last several months which has
delivered on cost reductions, service delivery execution and
technology development to enhance value for our customers and
shareholders. With these achievements in place our goal is to now
grow our revenue base. We believe that these management appointments,
together with the addition of Brad Gabel to our board, position the
Company to grow from a solid foundation."  
Mr. Hill stated "As with the introduction of any alternative
technology such as GASFRAC's, there is an adoption cycle. Success
requires customer involvement, rapid cycle experimentation, learning
and development. Since introduction of our proprietary technology in
2009 which uses a system to pump pure gelled propane we have adapted
to market demand and client requests. As a result we have been able
to increase our daily pumping capacity, provide customized fluids,
allow fluid recovery and better integrate our operations into our
customers' processes. Today we have the benefits of our original
technology and enhancements resulting from our alignment with
customer requirements to meet the needs of today's industry. Now our
team is focused on enhancing our sales and marketing initiatives to
introduce and provide our unique technology and better solution to
more customers." 
GASFRAC Energy Services, Inc. is an oil and gas technology and
service company headquartered in Calgary, Alberta and the sole
provider of waterless gelled LPG fracturing technology in North
America.  
This press release contains certain statements that constitute
forward-looking statements under applicable securities legislation.
All statements other than statements of historical fact are
forward-looking statements. In some cases, forward-looking statements
can be identified by terminology such as "may", "will", "should",
"expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", or the negative of these terms or other
comparable terminology. These statements are only as of the date of
this document and we do not undertake to publicly update these
forward looking statements except in accordance with applicable
securities laws. Forward-looking statements are based on current
expectations, estimates, projections and assumptions, which we
believe are reasonable but which may prove to be incorrect and
therefore such forward-looking statements should not be unduly relied
upon. In addition to other factors and assumptions which may be
identified in this document, assumptions have been made regarding,
among other things: industry activity; the general stability of the
economic and political environment; effect of market conditions on
demand for the Company's products and services; the ability to obtain
qualified staff, equipment and services in a timely and cost
efficient manner; the ability to operate its business in a safe,
efficient and effective manner; the performance and characteristics
of various business segments; the effect of current plans; the timing
and costs of capital expenditures; future oil and natural gas prices;
currency, exchange and interest rates; the regulatory framework
regarding environmental matters in the jurisdictions in which the
Company operates; and the ability of the Company to successfully
market its products and services. Forward-looking statements are
subject to a number of risks and uncertainties, which could cause
actual results to differ materially from those anticipated. These
risks and uncertainties include: fluctuating prices for crude oil and
natural gas; changes in drilling activity; general global economic,
political and business conditions; weather conditions; regulatory
changes; the successful exploitation and integration of technology;
customer acceptance of technology; success in obtaining issued
patents; the potential development of competing technologies by
market competitors; and availability of products, qualified
personnel, manufacturing capacity and raw materials. In addition,
actual results could differ materially from those anticipated in
these forward-looking statements as a result of the risk factors set
forth under the section entitled "Business Risks" in the Company's
MD&A.  
Requests for shareholder information should be directed to James M
Hill.
Contacts:
GASFRAC Energy Services Inc.
James M Hill
Chief Executive Officer
403-515-3387
jhill@gasfrac.com
 
 
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