WESTERN ENERGY SERVICES CORP. RELEASES THIRD QUARTER 2023 FINANCIAL AND OPERATING RESULTS AND ANNOUNCES FURTHER DEBT REPAYMENTS

CALGARY, AB, Oct. 24, 2023 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX:WRG.TO) announces the release of its third quarter 2023 financial and operating results.  Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis as at September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 ("MD&A") will be available on SEDAR+ at www.sedarplus.ca.  Non-International Financial Reporting Standards ("Non-IFRS") measures and ratios, such as Adjusted EBITDA, Adjusted EBITDA as a percentage of revenue, revenue per Operating Day, revenue per Service Hour and Working Capital, as well as abbreviations and definitions for standard industry terms are defined later in this press release.  All amounts are denominated in Canadian dollars (CDN$) unless otherwise identified.