2011-06-17-2011-05-26

To buy hydro-vac and fluid-related oilfield service company operating in Calgary & Fort McMurray regions.

Cordy Oilfield Services Inc., Calgary, (Toronto Venture: CKK) plans to acquire a privately owned, Calgary-based RB2 Energy Services Inc. for an undisclosed price.

RBS provides hydro-vac and fluid-related services to the oil and gas sector in the Calgary and Fort McMurray regions. This acquisition provides Cordy with an opportunity to expand its presence and service offerings in the environmental services market and in the Fort McMurray region.

RB2 principal owner Rod Birnie-Brown says, "A number of Cordy's business units provide services to customers we work for and I look forward to joining Cordy's team for access to the additional equipment and resources that will enable us to provide enhanced services to both our existing and new customers." said Rod Birnie-Brown, the principal owner of RB2.

Cordy chairman and chief executive David Mullen says, "RB2 provides us with an opportunity to increase our equipment utilization and expands our environmental operating segment's service offerings to the energy and natural resource sectors in Alberta. We have a strong, committed team at Cordy that understands the business, can support RB2, and capitalize on new opportunities."

The deal was scheduled to close on June 30.