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new west energy services inc (NWE) Snapshot

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03/3/14 - C$0.08
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new west energy services inc (NWE) Details

New West Energy Services Inc., an integrated oil and gas services company, through its subsidiaries, provides oilfield services for oil and gas exploration and production companies in Canada. It operates through Environmental and Vacuum Services segments. The company offers drilling waste sampling, testing, and disposal; treatment of toxic or contaminated drilling waste; pre-disturbance site assessments; sump suitability assessments; pre-post drilling water well testing; in house client consulting; oilfield waste and manifest tracking; floatation tri-drive and tandem vacuum trucks for drilling waste disposal and hauling; hydrovac services; combo vacuum truck services; steamer truck services; mobile boiler truck services; tank truck services for bulk fluid transport; tri-drive and tandem water trucks for oilfield ice road construction, and general drilling and completions rig service; and plant turnarounds. It also provides hauling of contaminated drill cuttings, equipment rentals, general oil field equipment hauling, excavation services, and equipment fabrication, as well as a cradle to grave waste tracking application to produce formatted reports. The company was formerly known as Lexacal Investment Corp. changed its name to New West Energy Services Inc. in 2007. New West Energy Services Inc. was incorporated in 1986 and is headquartered in Calgary, Canada.

new west energy services inc (NWE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$137.0K
Chief Financial Officer
Total Annual Compensation: C$23.0K
Compensation as of Fiscal Year 2014.

new west energy services inc (NWE) Key Developments

New West Energy Services Inc. Announces the Earnings Results for the Second Quarter Ended October 31, 2014

New West Energy Services Inc. announced the earnings results for the second quarter ended October 31, 2014. For the quarter, the company reported revenue increased 37% to $6.64 million from $4.83 million in previous year equivalent period. Net income of $25,243 from operations after income tax in 2013 had a net loss of $171,327. Earnings per share (basic and diluted) from operations of $0.000 compared with $0.002 loss per share for the same period a year ago. EBITDA was $472,161 compared with LBITDA of $35,534 for the same period a year ago. Total capital expenditures during the quarter amounted to $1.5 million for additional trucks and equipment. During the quarter the Corporation sold approximately five units from the equipment fleet which resulted in net proceeds of approximately $300,000. The sold units consisted of older model vacuum and water trucks as well as some underutilized end dump trucks and trailers.

New West Energy Services Inc. Announces Earnings Results for the First Quarter Ended July 31, 2014; Provides Earnings Guidance for the Year 2014

New West Energy Services Inc. announced earnings results for the first quarter ended July 31, 2014. For the period, the company's revenue was $5.24 million against $3.57 million for 2013. Net loss of $532,000 from operations before income tax against net income of $4,000 for 2013. Loss basic and diluted per share from operations was $0.005. LBITDA was $176,000 for 2014 against $173,000 for 2013. Total capital expenditures amounted to $2.3 million for additional trucks and equipment. For the full year 2014, the corporation is implementing its diversification strategy for services and equipment upon completion of this fiscal year end which is expected to increase revenues and margins and reduce the fluctuations in equipment utilization between the summer and winter seasons.

New West Energy Services Inc., Annual General Meeting, Oct 30, 2014

New West Energy Services Inc., Annual General Meeting, Oct 30, 2014., at 12:00 US Mountain Standard Time. Location: Suite 500, 435 - 4th Avenue S.W.. Agenda: To receive and consider the consolidated financial statements of the corporation for the year ended April 30, 2014 and the auditor's report thereon; to fix the number of directors to be elected at the meeting at five; to elect the Board of Directors of the corporation for the ensuing year; to approve the appointment of John J Geib, Chartered Accountant as the auditor of the corporation for the ensuing year and to authorize the board to fix his remuneration; to consider and if thought fit« to pass an ordinary resolution to affirm and ratify the corporation's Stock Option Plan; and to transact such other business as may properly be brought before the meeting or any adjournment or postponement thereof.


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