News Column

Secure Reports Strong Fourth Quarter and Year End Results Despite Slower Industry Conditions

Page 7 of 7

The Corporation's actual results could differ materially from those anticipated in such forward-looking statements as a result of the risk factors set forth below and elsewhere in this document: general economic conditions in Canada and the United States; changes in the level of capital expenditures made by oil and natural gas producers and the resultant effect on demand for oilfield services during drilling and completion of oil and natural gas wells; volatility in market prices for oil and natural gas and the effect of this volatility on the demand for oilfield service generally; risks inherent in the Corporation's ability to generate sufficient cash flow from operations to meet its current and future obligations; increases in debt service charges; the Corporation's ability to access external sources of debt and equity capital; changes in legislation and the regulatory environment, including uncertainties with respect to implementing binding targets for reductions of emissions and the regulation of hydraulic fracturing services; uncertainties in weather and temperature affecting the duration of the oilfield service periods and the activities that can be completed; competition; sourcing, pricing and availability of raw materials, consumables, component parts, equipment, suppliers, facilities, and skilled management, technical and field personnel; liabilities and risks, including environmental liabilities and risks, inherent in oil and natural gas operations; ability to integrate technological advances and match advances of completion; credit risk to which the Corporation is exposed in the conduct of its business; and changes to the royalty regimes applicable to entities operating in the WCSB, the Rocky Mountain region or North Dakota. Many of these factors are discussed in further detail through this document.

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.

Non GAAP Measures and Operational Definitions

(2) The Corporation uses accounting principles that are generally accepted    in Canada (the issuer's "GAAP"), which includes, International Financial    Reporting Standards ("IFRS"). These financial measures are No n- GAAP    financial measures and do not have any standardized meaning prescribed    by IFRS. These non-GAAP measures used by the Corporation may not be    comparable to a similar measures presented by other reporting issuers.    See the management's discussion and analysis available at    http://www.sedar.com/ for a reconciliation of the Non-GAAP financial    measures and operational definitions. These non-GAAP financial measures    and operational definitions are included because management uses the    information to analyze operating performance, leverage and liquidity.    Therefore, these non-GAAP financial measures and operational definitions    should not be considered in isolation or as a substitute for measures of    performance prepared in accordance with GAAP.




Contacts:
Secure Energy Services Inc.
Rene Amirault
Chairman, President and Chief Executive Officer
(403) 984-6100
(403) 984-6101 (FAX)

Secure Energy Services Inc.
Allen Gransch
Chief Financial Officer
(403) 984-6100
(403) 984-6101 (FAX)
www.secure-energy.ca





Source: Marketwire


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