The news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release.
Strad Energy Services Ltd., ("Strad" or the "Company"), a North America focused, diversified energy services company, today announced its financial results for the three and six month periods ended June 30, 2011. All amounts are stated in Canadian dollars unless otherwise noted.
Ongoing success in the development of new products, including solids control, composite matting and satellite communications rental equipment.
(2) Annualized return on average total drilling assets is not a recognized measure under IFRS or previous GAAP; see "Non-IFRS Measures Reconciliation" in this press release.