Eco-Stim Energy Solutions Releases Third Quarter Numbers
November 14 2018 - 4:10PM
Eco-Stim Energy Solutions, Inc. (NASDAQ: ESES) (“EcoStim” or the
“Company”) today filed its quarterly report on Form 10-Q with the
U.S. Securities and Exchange Commission reporting its results for
the third quarter of 2018. The Company does not plan to host a
quarterly earnings conference call at this time. For more
information about the Company and its financial condition and
results of operations, please refer to the Company’s third quarter
2018 10-Q.
The Company continues to pursue the sale of
certain U.S. assets in order to reduce its outstanding
liabilities and improve liquidity. In addition, the
Company continues to work with its financial advisors to
evaluate its U.S. and Argentina strategic alternatives,
respectively.
About the Company
EcoStim is an environmentally focused oilfield
service and technology company offering pressure pumping and well
completion services and field management technologies to oil and
gas producers drilling in the U.S. and international unconventional
shale markets. In addition to conventional pumping equipment,
EcoStim offers its clients completion techniques that can
dramatically reduce horsepower requirements, emissions and surface
footprint.
Cautionary Statement Regarding
Forward-Looking Statements
Certain statements and information in this press
release constitute “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. The words
“believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,”
“should,” “would,” “could” “offer to” or other similar expressions
are intended to identify forward-looking statements, which are
generally not historical in nature. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that the Company is
preparing for, plans, expects, believes or anticipates will or may
occur in the future are forward-looking statements. Examples of
forward-looking statements include, but are not limited to, the
Company’s statements made relating to future asset sales and the
use of proceeds from such sales and the pursuit of strategic
alternatives. These statements are based on certain assumptions
made by the Company based on management's experience, expectations
and perception of historical trends, current conditions,
anticipated future developments and other factors believed to be
appropriate. Forward-looking statements are not guarantees of
performance. Although the Company believes the expectations
reflected in its forward-looking statements are reasonable and are
based on reasonable assumptions, no assurance can be given that
these assumptions are accurate or that any of these expectations
will be achieved (in full or at all) or will prove to have been
correct. Our forward-looking statements involve significant risks
and uncertainties (some of which are beyond our control) and
assumptions that could cause actual results to differ materially
from our historical experience and our present expectations or
projections.
For additional information regarding known
material factors that could cause our actual results to differ
materially from our projected results, please see our filings with
the Securities and Exchange Commission (SEC), including our Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Investors should carefully consider the risk
factors included in our filings, and should keep in mind the
cautionary statements in this press release and in our filings with
the SEC.
Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date hereof. The Company undertakes no obligation to correct or
update any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Contact:investorrelations@ecostim-es.com281-531-7200