New West Energy Services Inc. Announces Its Second Quarter Results

New West Energy Services Inc. (TSX VENTURE:NWE) (the "Corporation") is pleased
to announce the financial results for the Corporation for its second quarter
ended October 31, 2013.


HIGHLIGHTS

Operational and Financial Results for the second quarters ended October 31, 2013
and 2012:




--  Revenue of $4.833 million ($5.016 million for 2012).
--  Gross margin of $1.318 million ($1,594 million for 2012).
--  Net Loss of $173,000 from continuing operations after income tax which
    includes a deferred tax recovery of $57,000 ($1.171 million profit for
    2012 which includes deferred tax recovery of $697,000).
--  During the quarter, the Corporation began trials with two major oil and
    gas operators utilizing a new technology to recover oil, water and
    solids from contaminated drill cuttings. The technology uses thermal
    desorption to separate oil, water and solids which are then recovered,
    reused or disposed of. Subsequent to the quarter the trials were
    completed and the Corporation expects to establish a new business
    together with the United Kingdom based developer of the technology.



Company Developments:



--  During the quarter, the Corporation completed the acquisition of 1770245
    Alberta Ltd. (which includes the assets of Tippin D Oilfield Services
    Ltd. and 40 Creek Oilfield Services Ltd.) for a purchase price of $1.8
    million. The acquired company provides a combination of vacuum, hydrovac
    and boiler truck services to the completions and productions sectors of
    the oil and gas industry in the Peace area of Northwestern Alberta.
    Subsequent to the acquisition, the Corporation acquired additional
    equipment to expand the services being offered in the area.
--  Total capital expenditures during the quarter (excluding the acquisition
    above) amounted to $1,523,000 for trucks and equipment to meet the
    current demand for winter drilling work and to update its fleet of
    vacuum and water trucks to tri-drive units.
--  The Corporation's trial of the new thermal desorption technology was
    concluded subsequent to the quarter. One trial was carried out for a
    major oilsands operator in the Fort McMurray region of Alberta treating
    bitumen and a second trial was carried out for a major operator in
    Northeastern British Columbia treating oil based drilling waste. The
    Corporation expects to establish a new exclusive company with the United
    Kingdom based technology developer to adapt the system to the Canadian
    climate and to provide services to allow the recovery of oil, the
    recycling of water and the separation of the solids. In addition to the
    financial benefits of the oil recovery and water recycling, the
    technology also dramatically reduces the amount of waste going to
    landfill.



OUTLOOK AND STRATEGY

While the first two months of the last quarter were slower than usual in the
drilling related services, activity has recently picked up and the Corporation
looks forward to a more active third quarter.


The Corporation continues to expand its areas of operation and also continues to
expand and upgrade its fleet of trucks and its equipment. The Corporation will
continue to pursue new acquisitions to both complement and diversify its areas
of operation and the services it can provide to the oil and gas exploration and
production industry.


OVERVIEW

The Corporation operates in the oilfield service industry in Canada through two
wholly owned subsidiaries - BearStone Environmental Solutions Inc. and Porterco
Oilfield Services Inc. BearStone provides environmental services to the upstream
oil and gas industry and also operates a fleet of specialized vacuum, hydrovac
and water trucks. Porterco operates a fleet of trucks and trailers for hauling
oil contaminated drill cuttings as well as providing equipment rental and custom
fabrication services.


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New West Energy Services Inc.
Gerry E. Kerkhoff
President & Chief Executive Officer
403.984.9798 or 1.888.977.2327 (BEAR)
403.984.9799 (FAX)
gkerkhoff@newwestenergyservices.com
www.newwestenergyservices.com

New West Energy Services (TSXV:NWE)
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