News Column

Strad Shareholder Transaction

June 10, 2014



ENP Newswire - 10 June 2014

Release date- 06062014 - CALGARY, ALBERTA - Strad Energy Services Ltd., (TSX: SDY), a North American-focused, energy services company, announces today that funds managed by Richardson Capital Limited, representing the Company's largest shareholder, agreed to sell 1.75 million shares today at $4.35 per share.

RCL sold a portion of its position today in response to strong overall investor demand with the sale representing approximately 25% of its investment in Strad. RCL remains as the Company's largest shareholder and continues to hold its remaining 14% interest in the Company as a core investment. RCL is supportive of management and the direction of the Company. Mr. James McCallum, Managing Director at RCL, remains a director of Strad.

ABOUT STRAD ENERGY SERVICES LTD.

Strad is a North American energy services company that focuses on providing well-site infrastructure solutions to the oil and natural gas industry. Strad focuses on providing complete customer solutions in well-site-related oilfield equipment for producers active in unconventional resource plays.

Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol 'SDY'.

Contact:

Strad Energy Services Ltd.

Andy Pernal

President and Chief Executive Officer

Tel: (403) 775-9202

Fax: (403) 232-6901

Email: apernal@stradenergy.com

Greg Duerr

Chief Financial Officer

Tel: (403) 705-4333

Fax: (403) 232-6901

Email: gduerr@stradenergy.com


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Source: ENP Newswire


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