CALGARY, Dec. 20, 2011 /CNW/ - IROC Energy Services Corp. (TSXV: "ISC")
("IROC" or the "Corporation") announces that its Board of Directors has
declared a quarterly cash dividend on its common shares of $0.025 per
common share. The dividend will be payable January 13, 2012 to
shareholders of record at the close of business on January 9, 2012.
IROC believes the payment of a dividend is supported by the
Corporation's current and expected operating cash flow, and the
financial flexibility created by its strong balance sheet. In addition
to providing a cash return to shareholders through a dividend, the
Corporation continues to pursue growth through capital expenditures for
new equipment while actively seeking targeted asset or business
acquisitions in our existing or highly complementary business lines.
Publicly reported information for IROC Energy Services Corp. is
available at www.sedar.com.
About IROC Energy Services Corporation
IROC Energy Services Corp. is an Alberta oilfield services company that,
through the IROC Energy Services Partnership, provides a diverse range
of services and equipment to the oil and gas industry that are among
the newest and most innovative in the WCSB. IROC Energy Services
Partnership operates under the business names of Eagle Well Servicing,
Aero Rental Services, and Helix Coil Services. IROC combines
cutting-edge technology with depth of experience to deliver a product
and services offerings in the following core areas: well servicing &
equipment, rental services, and coiled tubing services & equipment. For
more information on IROC Energy Services Corp. visit our website at
www.iroccorp.com.
Cautionary Statements
Certain statements contained in this press release may constitute
forward looking statements concerning, among other things, expected
revenues, expected expenses, expected profits, expected cash flow from
operations, planned capital expenditures and business or asset
acquisition, developments and strategies for IROC's operations all of
which are subject to certain risks, uncertainties and assumptions.
These forward looking statements are identified by their use of terms
and phrases such as "anticipate", "continue", "estimate", "expect",
"may", "will", "planned", "projected", "should", "believe" and other
similar terms and phrases. By its nature, such forward looking
information involves known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially
from those anticipated in such forward looking statements. These risks
include, but are not limited, to the risks associated with the oil and
gas industry generally, fluctuating prices in crude oil and natural
gas, changes in drilling activity, general global economic, political
and business conditions, weather conditions, regulatory changes and
availability of products, qualified personnel and manufacturing
capacity and raw materials. If any of these uncertainties materialize,
or if assumptions are incorrect actual results may vary materially from
those expected. IROC relies on litigation protection for any forward
looking statements.
Other
This press release is not for dissemination in United States or to any
United States news services. The Common Shares of IROC have not and
will not be registered on the United States Securities Act of 1933, as
amended (the "United States Securities Act") or any state securities
laws and are not offered or sold in the United States or to any US
person except in certain transactions exempt from the registration
requirements of the United States Securities Act and applicable state
securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
