2009-04-14-2009-03-19

To purchase remaining 50% of oilfield services provider in Western Canadian Sedimentary Basin.

Tricap Partners II LP, Calgary, has made an offer to acquire the remaining interest in Central Alberta Well Services Inc., Calgary, (Toronto Venture: CWC) in a going-private transaction for approximately C$4.5 million. Tricap, which currently owns a 49% interest in CAWS, offered to pay C$0.45 to acquire the remaining 51% interest, a 14% premium based on a 20-day weighted average on trading ending March 17. Raymond James Ltd. is financial advisor to CAWS, and McCarthy Tetrault LLP is legal advisor. Central Alberta Well Services provides oilfield services, including well servicing, coil tubing, snubbing, nitrogen, well testing and oilfield-equipment rentals in the Western Canadian Sedimentary Basin. Tricap was established by Brookfield Asset Management.