Strad Energy Services Provides Update

CALGARY, ALBERTA--(Marketwired - Sept. 23, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Strad Energy Services Ltd. ("Strad" or the "Company") (TSX:SDY) acknowledges the announcement earlier today by Total Energy Services Inc. that it will not be proceeding with an unsolicited take-over bid for the outstanding shares of the Company. Strad remains committed to executing upon its business plan and delivering value to all of its shareholders.

About Strad Energy Services Ltd.

Strad is a North American energy services company that focuses on providing well-site infrastructure solutions to the oil and natural gas industry. Strad focuses on providing complete customer solutions in well-site-related oilfield equipment for producers active in unconventional resource plays.

Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol "SDY".

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.