Investors

News Releases

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Due to changes in the Competition Act, archived information is provided solely for historical information and reference purposes. This information does not constitute an active representation of Source Energy Services.

Source Energy Services fully disclaims any liability for the use of such information and undertakes no obligation to update such information except as required by applicable law.

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22
Sep
September 22, 2022
Source Energy Services Update on Refinancing Process and Extension of the Waiver from Lenders under its Credit Agreement

Source Energy Services Ltd. (together with its affiliates, “Source” or the “Company”) announces that it continues to make progress and is now in the final stages of closing the previously announced senior credit facility.

15
Sep
September 15, 2022
Source Energy Services Update on Refinancing Process and Receipt of Waiver of Cross Default from Lenders under its Credit Agreement

Source Energy Services Ltd. (together with its affiliates, “Source” or the “Company”) announces that it is in the advanced stages of closing a new USD $60 million senior credit facility.

16
Aug
August 16, 2022
Source Energy Services Provides an Update on the Credit Facility Refinancing and Announces Decision to Utilize Interest Payment Grace Period

Source Energy Services (“Source” or the “Company”) announced today that it has made significant progress on the previously announced refinancing of its ABL and Term Loan (the “Credit Facility”) and expects the refinancing to close on or before August 31, 2022. In conjunction with the refinancing and to facilitate an efficient closing, the Company has elected to utilize the 30-day grace period (the “Grace Period”) under the indenture governing its 10.5% senior secured first lien notes due March 15, 2025 (the “Senior Notes”).

25
May
May 25, 2022
Source Energy Services Announces Receipt of Lender Waiver and Payment of Cash Interest

Source Energy Services Ltd. (“Source” or the “Company”) announced today that it has successfully concluded its discussions with the syndicate of lenders under its senior secured credit facility (the “Credit Facility”) and obtained a waiver from such lenders to permit the Company to make the payment of cash interest on the Company’s outstanding 10.5% senior secured first lien notes due March 15, 2025 (the “Senior Notes”).

29
Jun
June 29, 2022
Source Energy Services Announces Upcoming Earnings Release

Source is pleased to announce that its second quarter financial results for the period ending June 30, 2022, will be released following the Toronto Stock Exchange market close on July 27, 2022.

5
May
May 5, 2022
Source Energy Services Reports Q1 2022 Results

Source Energy Services Ltd. is pleased to announce its 2022 first quarter financial results.

17
May
May 17, 2022
Source Energy Services Announces Decision To Utilize Interest Payment Grace Period

Source Energy Services Ltd. (“Source” or the “Company”) announced today that it has elected to utilize the 30-day grace period (the “Grace Period”) under the indenture governing its 10.5% senior secured first lien notes due March 15, 2025 (the “Senior Notes”).

6
May
May 6, 2022
Source Energy Services Reports 2022 AGM Voting Results

Source Energy Services Ltd. reports results from its 2022 annual meeting of shareholders held on May 6, 2022.

14
Apr
April 14, 2022
Source Energy Services Announces Upcoming Earnings Release and Annual General Meeting

Source Energy Services Ltd. (“Source”) is pleased to announce that its first quarter financial results for the period ending March 31, 2022, will be released following the Toronto Stock Exchange market close on Thursday, May 5, 2022.

12
Apr
April 12, 2022
Source Energy Services Enters into a Transaction with Canadian Silica Industries to Assume Operation of its Peace River Frac Sand Facility

Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce that it has entered into agreements (the “Transaction”) with Canadian Silica Industries Inc. and Contractor’s Leasing Corp. (collectively, “CSI”) which will result in Source assuming all operations, distribution, and sale of domestic frac sand from CSI’s Peace River facility.

10
Mar
March 10, 2022
Source Energy Services Reports Q4 2021 and Year End Results

Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and twelve months ended December 31, 2021.

30
Mar
March 30, 2022
Source Energy Services Announces the Retirement of Brad Thomson and the Appointment of Scott Melbourn as President and Chief Executive Officer

The Board of Directors of Source Energy Services Ltd. (“Source” or the “Company”) announced today that Mr. Brad Thomson has elected to retire as President and Chief Executive Officer and as a director of the Company. Mr. Scott Melbourn has been appointed President and Chief Executive Officer and will be appointed as a member of the Board.

31
Mar
March 31, 2022
Source Energy Services Announces Appointment of Scott Melbourn as Director

The Board of Directors of Source Energy Services Ltd. (“Source”) announced today that Mr. Scott Melbourn has been appointed as a member of the Board of Directors of Source to fill the vacancy created by the resignation of Mr. Brad Thomson.

4
Nov
November 4, 2021
Source Energy Services Reports Q3 2021 Results

Source Energy Services Ltd. is pleased to announce its 2021 third quarter financial results.

31
Jan
January 31, 2022
Source Energy Services Announces Changes to its Board of Directors and Upcoming Earnings Release

Source Energy Services Ltd. (“Source” or the “Company”) announces changes to its Board of Directors and upcoming Earnings Release.

4
Oct
October 4, 2021
Source Energy Services Announces Upcoming Earnings

Source Energy Services Ltd. (“Source”) is pleased to announce that its third quarter financial results for the period ending September 30, 2021, will be released following the Toronto Stock Exchange market close on Thursday, November 4, 2021.

14
Oct
October 14, 2021
Source Energy Services Comments on Trading Activity

Source Energy Services Ltd. (“Source” or the “Company”) is issuing this press release in response to a request from the Investment Industry Regulatory Organization of Canada (“IIROC”) to comment on the recent trading activity of its stock.

28
Jul
July 28, 2021
Source Energy Services Reports Q2 2021 Results

Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its 2021 second quarter financial results.

7
May
May 7, 2021
Source Energy Services Reports 2021 AGM Voting Results

Source Energy Services Ltd. (“Source” or the “Company”) reports results from its annual meeting of shareholders held May 7, 2021 (the “Meeting”).

7
Apr
April 7, 2021
Source Energy Services Announces Upcoming Earnings Release and Annual General Meeting

Source Energy Services Ltd. (“Source”) is pleased to announce that its first quarter financial results for the period ending March 31, 2021, will be released following the Toronto Stock Exchange market close on Wednesday, May 5, 2021. Source also wishes to announce that its 2021 Annual Meeting of Shareholders (the “AGM”) will be held on Friday, May 7, 2021.

7
Jul
July 7, 2021
Source Energy Services Announces Contracts with Two Key E&P Companies Operating in the Montney

Source Energy Services Ltd. (“Source”) is pleased to announce that it has entered into a new contract with Pipestone Energy Corp. (“Pipestone”) and has extended and expanded its relationship with a major Montney Producer.

27
Nov
November 27, 2020
Source Energy Obtains Court Approval of its Recapitalization Transaction

Source Energy Services Ltd. (together with its affiliates, “Source” or the “Company”) obtains court approval of its Recapitalization Transaction.

19
Mar
March 19, 2021
Source Energy Services Reports Q4 2020 and Year End Results

Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and twelve months ended December 31, 2020.

5
May
May 5, 2021
Source Energy Services Reports Q1 2021 Results and Other Matters

Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its 2021 first quarter financial results.

30
Jun
June 30, 2021
Source Energy Services Announces Upcoming Earnings

Source Energy Services Ltd. (“Source”) is pleased to announce that its second quarter financial results for the period ending June 30, 2021, will be released following the Toronto Stock Exchange market close on Wednesday, July 28, 2021.