Great Prairie Energy Services Inc. Announces 2014 Second Quarter Results - Seite 2

The Acquisition provided Great Prairie with established field office locations in Alberta and Saskatchewan. The operational flexibility that these locations provide enables the Company to more effectively deploy and manage its equipment and provides a broad asset base to invest capital into its operations. The Company spent $0.4 MM on additional equipment in the second quarter and continues to invest in additional equipment. In conjunction with the Acquisition, Great Prairie's credit facility was increased to $20 million from $8 million and is currently drawn at $12 million, representing less than 1 times debt to current run rate EBITDAS. The increased bank facility provides the Company the flexibility to deploy additional capital into existing operations and the opportunity to acquire additional assets and businesses.

The Company believes that capital markets have become more favourable in 2014, with exploration and production companies raising more capital in the first half of 2014 than for the full year 2013. It has been reported that during the first half of 2014, exploration and production producers raised $6.2 billion through equity offerings versus $1.3 billion for the first half of 2013 and $4.1 billion for the full 2013 year. Management expects this access to capital will continue to drive industry activity levels in the second half of the year.

Additionally, despite the seasonal operational challenges of the second quarter, PSAC estimates that rig utilization for the quarter increased by approximately 22% versus the second quarter of 2013 and that rig utilization increased 3% versus 2013 annual figures.

The Company believes that Great Prairie's financial status remains strong and that the Company has positioned itself well for future growth. The Company continues to invest in new equipment as well as evaluate opportunities to add complementary businesses to its existing asset base.

About Great Prairie Energy Services Inc.

Great Prairie Energy Services Inc. is a Canadian energy services company focused on servicing oil and gas activity in Saskatchewan, Alberta and British Columbia. Great Prairie provides general oilfield hauling, equipment rental and frac fluid services out of Kindersley SK, Lloydminster SK, Drumheller AB, Sundre AB and Valleyview AB through its operating entities.