Mr. Alex MacAusland reports

WESTERN ENERGY SERVICES CORP. ANNOUNCES 2024 CAPITAL BUDGET

Western Energy Services Corp. has a 2024 capital expenditure budget of approximately $23-million, which is expected to comprise approximately $15-million of maintenance capital and $8-million of expansion capital, including approximately $3-million of committed expenditures from 2023 that will carry forward into 2024.

Maintenance capital of $15-million includes $12-million in the contract drilling segment and $3-million in the production services segment. Expansion capital of $8-million mainly relates to the contract drilling segment to upgrade the company's rig fleet.

Western will continuously monitor the utilization of its fleet as well as its customer requirements and will adjust the 2024 capital expenditures accordingly.

About Western Energy Services Corp.

Western is a progressive energy service company which provides contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary, Stoneham Drilling Corp. in the United States. Additionally, Western provides production services in Canada through its division, Eagle Well Servicing, which provides well servicing, and its division, Aero Rental Services, which provides oil field rental services.

We seek Safe Harbor.