Fort McKay First Nation and Savanna Energy Services Corp. Form Energy Services Partnership

Fort McKay First Nation and Savanna Energy Services Corp. Form Energy Services 
Partnership 
CALGARY, ALBERTA -- (Marketwired) -- 08/26/13 -- Savanna Energy
Services Corp. (TSX:SVY) and Fort McKay First Nation are pleased to
announce the formation of Fort McKay-Savanna Energy Services Limited
Partnership (the "Partnership"). The Partnership will provide
drilling, well servicing and coring services as well as oil field
rental equipment in the Regional Municipality of Wood Buffalo. The
Partnership will be owned between Savanna and Fort McKay, and will be
positioned to provide drilling and related services to Steam Assisted
Gravity Drainage (SAGD) operators working in the region. Savanna
Drilling Corp., a subsidiary of Savanna, will provide management
services to the Partnership. 
Fort McKay has a long history of providing high quality services to
the energy industry through its joint venture businesses and the Fort
McKay Group of Companies. Fort McKay wishes to continue that
tradition by partnering with Savanna to provide services to energy
companies operating in northeastern Alberta. As a supplier of
drilling and rental services, Savanna and Fort McKay anticipate their
partnership will enable both groups to access opportunities in the
surrounding oil sands regions. 
"This partnership is an excellent opportunity for Fort McKay to grow
and be active in providing new services to an ever changing and
progressive region," said Chief Jim Boucher, "By expanding our
services with Savanna, we will be well positioned for future
opportunities that are sure to emerge in this region for many years
to come." 
"Fort McKay has a strong foundation of positive working relationships
with Industry in the Regional Municipality of Wood Buffalo. Fort
McKay is looking to diversify its business holdings, particularly in
the burgeoning SAGD mining industry. We are excited about the launch
of this new company and look forward to its success - success for
both Savanna and Fort McKay." 
Savanna has extensive experience working in partnerships with First
Nation communities throughout Alberta since 2002. Savanna has been
widely recognized for their partnership approach, winning the
prestigious Alberta Chamber of Commerce "Aboriginal Partnership
Award" in 2005 and 2012, as well as the Premier
's Award of
Distinction in 2010. 
"Fort McKay is a very industrious and forward-thinking community with
a history of building strong relationships in the energy industry,"
said Ken Mullen, President and CEO of Savanna. "Their reputation and
solid experience in the oil sands region combined with Savanna's
operational expertise, high quality equipment, and infrastructure to
manage sophisticated equipment will position the Partnership for
success in a desirable and growing market. With anticipated
significant growth in slant, SAGD and coring drilling, and with the
expected commensurate demand for completion, production and workover
services and related rental opportunities, Savanna sees this
partnership as a substantial potential growth opportunity for all our
existing operating businesses" 
Fort McKay is a Cree, Dene, and Metis community located approximately
60 kilometres north of Fort McMurray. Through the Fort McKay Group of
Companies and a number of joint ventures, the Fort McKay First Nation
provides a variety of services to the oil and gas industry and
surrounding areas. 
Savanna is a leading North American contract drilling and oilfield
services company providing a broad range of drilling, coring, well
servicing, and related services with a focus on fit for purpose
technologies and industry-leading Aboriginal relationships. 
Cautionary Statement Regarding Forward-Looking Information and
Statements 
Certain statements and information contained in this press release
may constitute forward-looking information within the meaning of
applicable Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995. The use of any of the words
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends", "might" and similar expressions are intended to identify
forward-looking information or statements. In particular, but without
limiting the foregoing, this press release contains forward-looking
information and statements pertaining to the following: the
anticipated growth in slant, SAGD and coring drilling in the Fort
McKay Traditional Territories; the demand for completion, production
and workover service and the demand for rental opportunities in the
Fort McKay Traditional Territories. 
These statements are based on certain assumptions and analysis made
by Savanna in light of its experience as well as other factors it
believes are appropriate in the circumstances including, without
limitation: the status of current negotiations with its customers,
the progress of Savanna's current capital projects and current
customer advice on deployment for specific customer programs.
However, whether actual results or events will conform to Savanna's
expectations and predictions is subject to a number of known and
unknown risks and uncertainties which could cause actual results and
events to differ materially from Savanna's expectations including,
without limitation: fluctuations in the price and demand for oil and
natural gas; fluctuations in the level of oil and natural gas
exploration and development activities; fluctuations in the demand
for well servicing and contract drilling; the effects of weather
conditions on operations and facilities; the existence of competitive
operating risks inherent in well servicing and contract drilling;
general economic, market or business conditions; changes in laws or
regulations, including taxation, environmental and currency
regulations; the lack of availability of qualified personnel or
management; the other risk factors set forth under the heading "Risks
and Uncertainties" in Savanna's Annual Report and under the heading
"Risk Factors" in Savanna's Annual Information Form; and other
unforeseen conditions. Consequently, all of the forward-looking
information and statements made in this press release are qualified
by this cautionary statement and there can be no assurance that the
actual results or events anticipated by Savanna will be realized or,
even if substantially realized, that they will have the expected
effects on Savanna or its business or operations. Except as may be
required by law, Savanna assumes no obligation to update publicly any
such forward looking information and statements, whether as a result
of new information, future events, or otherwise.
Contacts:
Savanna Energy Services Corp.
Ken Mullen
President & Chief Executive Officer
(403) 503-9990 
Savanna Energy Services Corp.
Dwayne LaMontagne
Executive V.P. and Chief Development Officer
(403) 503-9990 
Fort McKay Group of Companies
George Arcand
Chief Executive Officer
(780) 828-4220 
Fort McKay Group of Companies
Barrie Robb
Chief Executive Officer of Business Development
(780) 828-4220
 
 
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