CALGARY, March 15, 2017 /CNW/ - SECURE Energy Services
Inc. ("SECURE") (TSX – SES) is pleased to announce that its Board
of Directors has declared a dividend for the month of April 2017 of $0.02
per common share ("Common Share") payable on or about April 17, 2017 to shareholders of record on
April 1, 2017. This dividend is an eligible dividend for the
purpose of the Income Tax Act (Canada). To be an eligible shareholder, a
shareholder must be resident in Canada and must not be a "U.S. person" within
the meaning of U.S. federal securities laws.
Further to the Corporation's March 1,
2017 press release, effective April
2017, Secure has suspended its Dividend Reinvestment Plan
("DRIP"). The Corporation's strong balance sheet provides
significant flexibility to fund future growth without the dilutive
impact to shareholders. Commencing with the April 2017 dividend, shareholders participating
in the DRIP will receive cash dividends starting with the
April 17, 2017 dividend payment date.
This press release does not constitute an offer to sell or
the solicitation of an offer to buy the securities in the United States, in any province or
territory of Canada or in
any other jurisdiction. The securities to be offered have not
been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any U.S. state securities laws and may not be offered or sold in
the United States absent
registration or absent an applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws.
ABOUT SECURE ENERGY SERVICES INC.
SECURE is a TSX publicly traded energy services company that
provides safe and environmentally responsible fluids and solids
solutions to the oil and gas industry.
The Corporation operates three divisions:
Processing, Recovery and Disposal Division ("PRD"): The PRD
division owns and operates midstream infrastructure that provides
processing, storing, shipping and marketing of crude oil, oilfield
waste disposal and recycling. More specifically these services are
clean oil terminalling and rail transloading, custom treating of
crude oil, crude oil marketing, produced and waste water disposal,
oilfield waste processing, landfill disposal, and oil
purchase/resale service. Secure currently operates a network
of facilities throughout Western
Canada and in North Dakota,
providing these services at its full service terminals ("FST"),
landfills, stand-alone water disposal facilities ("SWD") and full
service rail facilities ("FSR").
Drilling and Production Services Division ("DPS"): The DPS
division provides equipment and product solutions for drilling,
completion and production operations for oil and gas producers in
Western Canada. The drilling
service line comprises the majority of the revenue for the division
which includes the design and implementation of drilling fluid
systems for producers drilling for oil, bitumen and natural gas.
The drilling service line focuses on providing products and systems
that are designed for more complex wells, such as medium to deep
wells, horizontal wells and horizontal wells drilled into the oil
sands. The production services line focuses on providing equipment
and chemical solutions that optimize production, provide flow
assurance and maintain the integrity of production assets.
Onsite Services Division ("OS"): The operations of the OS
division include Environmental services which provide pre-drilling
assessment planning, drilling waste management, remediation and
reclamation assessment services, Naturally Occurring Radioactive
Material ("NORM") management, and waste container services;
Integrated Fluid Solutions ("IFS") which include water management,
recycling, pumping and storage solutions; and Projects which
include pipeline integrity (inspection, excavation, repair,
replacement and rehabilitation); demolition and decommissioning,
and reclamation and remediation of former wellsites, facilities,
commercial and industrial properties, and environmental
construction projects (landfills, containment ponds, subsurface
containment walls, etc.).
SOURCE SECURE Energy Services Inc.