Leader Energy Services Ltd. (fka LDRXF)

[Renee]

LDRXF FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[nelson1234]

Hey 10bagger, with leader dipping.....do you still think this one has rebound portential? Are you still in it, and thinking of adding?

And one last question...do you know any other Canadian based drillers to compare it too.....I know CFK was bought out a while back.

best.

[10 bagger]

LDRXF.. $0.361.. It just got too cheap with the prospects going forward.. Added another 66000 during the past 2 weeks at an Ave. of less than $0.30 Cdn.. have bids in for more but have not raised them above $0.30 Cdn..If you are willing to hold longer term I think that the $0.80's could become a reality before any real selling shows up.. But that could take 24 to 36 months.. hank

[10 bagger]

LDRXF.. $0.2737.. Re-established a position today..

Split 100K with a friend.. The services of LDRXF continue to make inroads in areas where they operate.. I have spoken to the company several times during the past month and I feel that earnings will be positive during the second Qtr.. of the year..

Setups and contracts appear to be moving along on a reduced level at present but interest in LDRXF areas of operations are reflected in lease price appreciation during the past 10 Weeks..

Lease tightning always preceeds drilling activities and a colder than expected winter will aid in the expansion of drilling services..

I think a double from this level is possible in 2013.. hank

[10 bagger]

LDRXF.. $0.593..
Leader Energy Services Reports Strong First Quarter 2012 Results

CALGARY, ALBERTA--(Marketwire - May 23, 2012) - Leader Energy Services Ltd. ("Leader" or the "Company") (LEA.V - News) has released its financial and operating results for the three months ended March 31, 2012.

Highlights for the Three Months Ended March 31, 2012

-- Revenue from continuing operations increased 9% to $11.1 million for the

three months ended March 31, 2012, compared with $10.1 million in

Q1/2011.

-- EBITDA decreased 22% to $3.1 million, compared with $4.0 million in

Q1/2011.The early arrival of spring breakup and consequential reliance

on third party transportation curtailed EBITDA for the first quarter.

-- Income from continuing operations decreased 27% to $0.9 million ($0.05

per basic common share), compared with $1.3 million ($0.07 per basic

common share) in Q1/2011. Excluding a non-cash loss on settlement of

loans and borrowings, the Company reported a profit of $1.5 million

($0.08 per basic common share).

-- Added a new 2-3/8" deep coiled tubing unit and two new fluid pumpers to

its fleet of equipment in the latter part of the first quarter.

-- As of March 31, 2012, the Company has six coiled tubing units plus one

reel trailer, seven nitrogen pumpers and three fluid pumpers. Three of

these coiled tubing units and one reel trailer are classified as "deep"

coil units.

-- Completed a bought deal equity financing at $0.70 per share for gross

proceeds of $6.9 million.

-- Subsequent to quarter-end, the Company repaid $6.1 million of the

outstanding $15 million balance to the holder of its 12% secured debt

facility, resulting in a non-cash charge to the consolidated statement

of comprehensive income of $0.6 million.

-- The Company expects to invest between $3.5 million and $4.5 million in

capital equipment in 2012. The Company plans to utilize additional

operating cash flow to further reduce corporate indebtedness during the

course of 2012.




---------------------------------------------------------------------------- Performance Summary (000's) (unaudited) ---------------------------------------------------------------------------- Mar. 31, Mar. 31, Quarter ended 2012 2011 % Change ---------------------------------------------------------------------------- Revenue - continuing operations $11,072 $10,138 9% Operating Expenses - continuing operations 6,720 5,131 31% ---------------------------------------- 4,352 5,007 (13)% General and Administrative - continuing operations 1,278 1,058 21% Amortization - continuing operations 710 589 21% Finance cost 879 775 13% Loss on settlement of loans and borrowings 576 1,401 n/a Other gains (28) (91) n/a ---------------------------------------- Income - continuing operations 937 1,275 (27)% ---------------------------------------- Income (loss) - discontinued operations - 16 n/a ---------------------------------------- Net Income $937 $1,291 (27)% ---------------------------------------- ---------------------------------------- Earnings per share - Basic $0.05 $0.07 Earnings per share - Diluted $0.04 $0.05 EBITDA(i) $3,105 $3,997 (22)% ---------------------------------------- ----------------------------------------



(i) EBITDA means income from continuing operations before finance costs, loss on settlement of loans and borrowings, taxes, amortization, other gains, and share based payments. Readers are cautioned that EBITDA is generally regarded as an indirect measure of operating cash flow, and, as such, the Company believes it is a significant indicator of success of public companies, and is particularly relevant to readers within the investment community. EBITDA is not a measure that has a standardized meaning and accordingly may not be comparable to similar measures used by other companies.

Overview

Headquartered out of Calgary, Alberta, Leader Energy Services Ltd.'s ("Leader" or the "Company") operations are managed from its operations base in Grande Prairie, Alberta. From this base the Company offers well stimulation services across the Western Canadian Sedimentary Basin ("WCSB").

For the first quarter ended March 31, 2012, revenues increased 9% to $11.1 million, a $0.9 million increase compared to the first quarter ended March 31, 2011. The 9% increase in revenue mainly reflects the increase in horizontal drilling activity resulting in continued demand for deeper and larger diameter coil applications, which translates to higher day rates. Consistent with 2011, the Company has continued to focus its service activities to meet the demands of the growing horizontal drilling market and is providing its services to a larger area within the WCSB.

The Company estimates that the late start in January combined with an early spring break-up resulted in the loss of approximately $1.75 million in revenue. The early spring break-up had the added effect of increasing costs to transport equipment to the field.

In the first quarter of 2012, the Company reported income from continuing operations of $0.9 million as compared to income from continuing operations of $1.3 million in 2011. Excluding non-cash losses on settlement of loans and borrowings, the Company reported income from continuing operations of $1.5 million in the first quarter of 2012 as compared to $2.7 million in the first quarter of 2011.

On March 27, 2012, the Company completed its bought deal equity financing for gross proceeds of $6,853,000 representing the issue of 9,790,000 common shares of the Company at $0.70 per share, including 1,218,000 common shares pursuant to the partial exercise of an over-allotment option. After deducting underwriter fees and transaction costs, net proceeds from the equity financing were $6.1 million. On April 4, 2012, the Company paid $6.1 million of the outstanding $15 million balance to the holder of its secured debt facility.

Results of Continuing Operations






---------------------------------------------------------------------------- Well Stimulation Services (000's) (unaudited) ---------------------------------------------------------------------------- March 31, March 31, Quarter ended 2012 2011 $ Change % Change ---------------------------------------------------------------------------- Revenue $11,072 $10,138 $934 9% Operating Expenses 6,720 5,131 1,589 31% --------------------------------------------------- Gross profit(i) $4,352 $5,007 $(655) (13)%



(i) Management believes that gross profit provides investors with an indication of income before administrative costs, amortization, finance costs, taxes and other. Readers are cautioned that gross profit should not be considered as an alternative to income determined in accordance with IFRS as an indicator of the Company's performance.

Revenues from well stimulation services increased to $11.1 million in the first quarter ended March 31, 2012 as compared to $10.1 million in the first quarter ended March 31, 2011. This 9% increase in revenue is mainly attributed to the continued demand for deeper, larger diameter coil equipment applicable to the horizontal drilling market in north-central Alberta and northeast British Columbia. This concentration on larger diameter deep coil work focuses on oil and liquids-rich resource plays, and has resulted in higher day rates being charged by the Company. These higher revenues were partially offset by an increase in equipment standby at lower day rates as a result of an industry-wide shortage of class three 2" and 2 3/8" coiled tubing units. As a result of this shortage, customers requested equipment stay on location at lower standby rates in anticipation of further work at these locations, forcing the Company to delay upcoming jobs and in some circumstances turn down potential projects while this equipment was deployed. The Company estimates that an additional $0.4 million in revenue would have been earned had the equipment been operational rather than on standby. In addition, the late start to activity in January combined with the early spring break-up, reduced revenue reported in the quarter by an estimated $1.75 million.

The Company took delivery of its new 2 3/8" deep coiled tubing unit in late February 2012 and its two new fluid pumpers in February and late March respectively. This equipment is in very high demand and forms an integral component of longer-reach coiled tubing applications. As of March 31, 2012, the Company has six coiled tubing units plus one reel trailer, seven nitrogen pumpers and three fluid pumpers. Three of these coiled tubing units and one reel trailer are classified as "deep" coil units.

For the first quarter ended March 31, 2012, the Company reported operating costs of $6.7 million as compared to $5.1 million in the same quarter in 2011. The increase in operating expenses in the current quarter is a result of an increase in field personnel required to operate the new 2 3/8" coiled tubing unit and the new fluid pumpers, higher compensation charges for field personnel, rental of equipment in the field, and a continued reliance on third party transportation of nitrogen. In addition, the early start to spring break-up in March resulted in the Company renting additional trailers to redistribute weight of its equipment to ensure that it complied with road ban and published weight restrictions. These modifications reduce operational efficiency due to an increase in personnel traveling to location, higher fuel costs due to an increase in the number of tractors transporting equipment to location, and varying travel times, resulting in higher daily costs for lodging and field pay such as day rates and subsistence. In response to the reliance on third party transportation, the Company has taken delivery of additional equipment in April 2012 to reduce this reliance on a go-forward basis.

Outlook

Spring breakup arrived early this year, curtailing revenue for the first quarter by approximately 15%. The early breakup, combined with below average snow levels over the winter could see a return to summer operating conditions sooner than normal. Leader expects utilization rates for the second half of 2012 to be similar to 2011 as demand remains strong for the Company's services. The remainder of equipment built under the 2011 capital program was delivered at the end of the first quarter of 2012; given a larger equipment fleet and steady utilization rates, the Company expects an increase in year-over-year revenue. Leader remains focused on reducing overall debt levels while opportunistically increasing its capital expenditures to take advantage of growing demand expected in its three service lines.

Other

Additional information can be found on SEDAR at www.sedar.com or the Company web site at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof is 29,378,021 which does not include 1,643,500 unexercised stock options and 4,250,000 share purchase warrants.

Forward-looking information

This press release contains certain statements or disclosures relating to the Company that are based on the expectations of the Company as well as assumptions made by and information currently available to the Company which may constitute forward-looking information under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that the Company anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact:
Rod Hauser
Leader Energy Services Ltd.
President & CEO
[phone]
[e-mail]

Jason Krueger, CFA
Leader Energy Services Ltd.
Executive VP & Director
[phone]
[e-mail]

Graham Reid, CA
Leader Energy Services Ltd.
VP Finance & CFO
[phone]
[e-mail]

[dickmilde]

A poster on Stockhouse.com said the reason for the current sell off is because the recent exchange of debt for stock wasn't large enough... Therefore resulting in additional dilution later. Doesn't make much sense to me... now or later, what's the difference?

[10 bagger]

LDRXF.. $0.51.. Chart..

[littlefish]

Good call so far Hank. Are you thinking of scaling back in? I bought a small piece in the high $0.6s but have held off on getting any more for now.

[10 bagger]

LDRXF.. $0.6048,, As I expected the price continues to erode.. hank

[10 bagger]

LDRXF.. $0.668.. Cross post explaining weather in the oil patch and it's impacat on O&G service companies.. It looks like with the additional shares and the lack of work due to weather we will be back on the same cycle as LDRXF was as when I first bought it below $0.20.. I don't think we will see it trading that low because it is a much stronger and better finannicals are present but it could trade back into the high $0.40's with most of the selling coming from Canada.. .. hank

LEA and spring break up: It appears spring breakup has already started in Alberta. Lighter than normal snow fall brings hope that the break up period will also be shorter than normal this time:


Spring break up is when the rigs cannot move to the next work site because road bans are in place. Until road bans are lifted, the rig is shut down and the crews are sent home and laid off if there is no work for them on other rigs.

Spring break up can last anywhere from 6 weeks to 3 months, depending on weather and activity levels. It can start as early as the end of February and continue until the beginning of June.

Article about this years spring breakup:
http://blogs.calgaryherald.com/2012/03/22/early-spring-breakup-looms-dry-summer-to-follow/

Early spring breakup looms; dry summer to follow?Posted on Mar 22, 2012

Its becoming a matter of consensus that Alberta will have an early spring breakup this year, despite Thursday morning’s brief flurries in Calgary.

Such events are not considered positives for the oil and gas services business, as melting ground leads to soft back roads and municipal road bans, making it impossible to get rigs and trucks and other heavy equipment to the well site.

TriOil Resources Ltd. reported earlier this week that road bans are already affecting its Lochend Cardium play just northwest of Calgary.

Alberta Transportation has a list of road bans on its website and, as of Thursday, the list was five pages long.

An early breakup is bad but a long breakup is worse. Last spring, companies in plays from northwestern Alberta to southwestern Manitoba were hit by wet conditions that drowned equipment and roads in massive lakes. Production and cash flow suffered accordingly.

Farmers may not like the lack of snowpack in the Prairies this winter but oil and gas explorers are hoping it means a short period of enforced idleness followed by a long, dry and productive summer.

[Guy]

Leader Energy Services Provides Fourth Quarter Financial Guidance And 2012 Capital Spending Budget
MarketwirePress Release: Leader Energy Services Ltd. – 1 hour 15 minutes ago

CALGARY, ALBERTA--(Marketwire - Jan. 25, 2012) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA.V - News) today announced that it expects revenue for the fourth quarter ending December 31, 2011 to exceed $11.0 million, an increase of approximately 25% over the comparable quarter last year and approximately 10% higher than the third quarter of 2011. Revenue for the fourth quarter exceeded internal expectations. The Company anticipates robust demand for its services through to spring breakup. Audited financial results for the year ended December 31, 2011 are expected to be released in early April 2012.

Leader's board of directors has approved an initial capital budget of $4.5 million for 2012. The majority of funds will be used to expand the Company's deep coiled tubing and fluid pumping capacity, with deliveries expected in the second half of 2012. Capital expenditures will be financed through operating cash flow. Any further increases to the 2012 capital budget will be determined by the end of the second quarter.

While Leader continues to invest in its equipment fleet during periods of high demand, the Company expects to utilize operating cash flow to reduce corporate indebtedness during the course of 2012.

Leader Energy Services Ltd. provides well stimulation services in western Canada. Further information on Leader can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", "likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

[Guy]

>Just traded 15,000 on the USD market<
That was me initiating a position.

[10 bagger]

LDRXF.. $0.783..

LDRXF is moving along with most Canada Service firms.. Just traded 15,000 on the USD market.. I think we are out of the woods on this one and expect New all time highs this year.. hank

[10 bagger]

12/20/11 1:40 PM EST Buy 1500 LDRXF Executed @ $0.6848 Details | Edit
12/20/11 11:22 AM EST Buy 500 LDRXF Executed @ $0.6867 Details | Edit
12/19/11 12:41 PM EST Buy 500 LDRXF Executed @ $0.6803 Details | Edit

[10 bagger]

LEA.V / LDRXF $0.697 USF... I continue to accumulate again as I believe that the last reporting period may/can be repeted.. I look for an earnings run rate per share in excess of $0 38 per share over the next year and that could have upside surprises.. LEA.V / LDRXF is cheap at this level and with insider buying confirming my view I feel comfortable again owning LEA.V / LDRXF ... I will continue to buy on a pear shaped ave. down.. hank

[10 bagger]

LEA.V / LDRXF $0.71 USF... I have started to accumulate again as I believe that the last reporting period may/can be repeted.. I look for an earnings run rate per share in excess of $0 38 per share over the next year and that could have upside surprises.. LEA.V / LDRXF is cheap at this level and with insider buying confirming my view I feel comfortable again owning LEA.V / LDRXF ... I will continue to buy on a pear shaped ave. down.. hank

11/28/11 12:34 PM EST Buy 5500 LDRXF Executed @ $0.7207 Details | Edit
11/28/11 9:30 AM EST Buy 5500 LDRXF Executed @ $0.723 Details | Edit
11/25/11 10:34 AM EST Buy 500 LDRXF Executed @ $0.7128 Details | Edit
11/23/11 3:31 PM EST Buy 3000 LDRXF Executed @ $0.7785 Details | Edit
11/23/11 3:30 PM EST Buy 3000 LDRXF Executed @ $0.7783 Details | Edit
11/23/11 1:05 PM EST Buy 4000 LDRXF Executed @ $0.7314 Details | Edit
11/23/11 1:04 PM EST Buy 3500 LDRXF Executed @ $0.7313 Details | Edit

[10 bagger]

LDRXF.. $0.75

[10 bagger]

LDRXF.. $0.537.. Guidance.. It lokks as though we might be getting close to LDRXF becoming a buy again.. Need another look at product mix of services provided to pull the trigger.. Traditional Services vrs. new services are the key.. PM will have to increase on the old service side in order for LDRXF to regain any growth,, otherwise it shows that there is just too much competion to sustain any higher level of earnings to propel stock prices.. IMO.. hank

By the end of this year, Leader will have significantly increased its deep coiled tubing and fluid pumping capacity, which will further enhance future financial performance.

The Company anticipates robust demand for its services through to spring breakup. Additional expansion plans will be determined in the fourth quarter of 2011.

CALGARY, ALBERTA--(Marketwire - Oct. 3, 2011) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA - News) today announced that it expects revenue for the third quarter ending September 30, 2011 to exceed $9.8 million, an increase of greater than 50% over the comparable quarter last year. These results exceeded internal expectations and represent the highest third quarter revenue reported from the Western Canadian Sedimentary Basin in the Company's ten-year history.

The Company anticipates placing its new 2-3/8" deep coiled tubing unit and its second fluid pumper into service by the end of this month. This equipment is in very high demand and forms an integral component of longer-reach coiled tubing operations.

By the end of this year, Leader will have significantly increased its deep coiled tubing and fluid pumping capacity, which will further enhance future financial performance.

The Company anticipates robust demand for its services through to spring breakup. Additional expansion plans will be determined in the fourth quarter of 2011.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", "likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

Contact:
Rod HauserLeader Energy Services Ltd.President & CEO(403) [e-mail]

Jason Krueger, CFALeader Energy Services Ltd.Executive VP & Director(403) [e-mail]

Graham Reid, CALeader Energy Services Ltd.VP Finance & CFO(403) 265-5400g.reid@leaderenergy.

[10 bagger]

LDRXF.. $0.52

LDRXF.. $0.70.. Earnings..Ouch.. I think we might break $0.60.. It appears that they have lost thier edge on holding business thru the wet periods and this will cause competion in thier areas..hank..

[10 bagger]

No updates to report since last post....

[10 bagger]

LDRXF..

No updates to report since last post....

[10 bagger]

LDRXF.. $0.70.. Earnings..Ouch.. I think we might break $0.60.. It appears that they have lost thier edge on holding business thru the wet periods and this will cause competion in thier areas..hank..

Leader Energy Services Reports Second Quarter 2011 Results

LDRXF.. $1.13..

Sold the rest of my shares and look for a repurchase at Sub $0.80's.. The weather does note bode well for Leader activities for the next Qtr's report.. hank

CALGARY, ALBERTA--(Marketwire - Aug. 16, 2011) - Leader Energy Services Ltd. (TSX VENTURE:LEA - News; "Leader" or the "Company") today announced financial results for the three and six-month periods ended June 30, 2011. Activity in the second quarter was severely constrained by a prolonged spring break-up and extremely wet weather conditions, resulting in many customers delaying their drilling and completions activities to the last half of 2011. All signs point to a robust second half of the year and significantly improved utilization rates are expected. Pent up demand in Canada due to the prolonged spring break-up will significantly increase equipment utilization and produce strong EBITDA margins.

Performance Summary (000's)


June 30, June 30, Quarter ended 2011 2010 $ Change Revenue - continuing operations $ 2,920 $ 3,232 $ (312) (10)%
Operating Expenses - continuing operations 3,856 2,814 1,042 37%
(936) 418 (1,354) n/a General and Administrative - continuing operations 1,183 937 246 26% Amortization - continuing operations 635 547 88 16% Finance cost 859 794 65 8% Loss on settlement of convertible debenture - - - n/a Other (gains) losses 37 (198) 235 n/a
Loss - continuing operations (3,650) (1,662) (1,988) (120)%

Profit - discontinued operations 15 148 (133) (90)%
Net Profit (Loss) $ (3,635) $ (1,514) $ (2,121) (140)%
Earnings (loss) per share - Basic $ (0.19) $ (0.11) $ (0.08) (73)% Earnings (loss) per share - Diluted $ (0.19) $ (0.11) $ (0.08) (73)% EBITDA(i) $ (2,056) $ (504) $ (1,552) (308)%
June 30, June 30, 6 months ended 2011 2010 $ Change % Change
Revenue - continuing operations $ 13,058 $ 11,451 $ 1,607 14% Operating Expenses - continuing operations 8,987 7,027 1,960 28%
4,071 4,424 (353) (8)% General and Administrative - continuing operations 2,241 1,783 458 26% Amortization - continuing operations 1,224 1,077 147 14% Finance cost 1,634 1,596 38 2% Loss on settlement of convertible debenture 1,401 - 1,401 n/a Other (gains) losses (54) (185) 131 (71)% Profit (loss) - continuing operations (2,375) 153 (2,528) n/a
Profit - discontinued operations 31 199 (168) (84)%
Net Profit (Loss) $ (2,344) $ 352 $ (2,696) n/a
Earnings (loss) per share - Basic $ (0.12) $ 0.03 $ (0.15) n/a Earnings (loss) per share - Diluted $ (0.12) $ 0.03 $ (0.15) n/a EBITDA(i) $ 1,941 $ 2,669 $ (728) (27)%
(i) EBITDA means profit from continuing operations before finance costs, loss on settlement of convertible debenture, taxes, amortization, other (gains) losses, and share based compensation. Readers are cautioned that EBITDA is generally regarded as an indirect measure of operating cash flow, and, as such, the Company believes it is a significant indicator of success of public companies, and is particularly relevant to readers within the investment community. EBITDA is not a measure that has a standardized meaning prescribed by International Financial Reporting Standards ("IFRS"), and accordingly may not be comparable to similar measures used by other companies.
Overview

In the second quarter of 2011 revenues were $2.9 million, a $0.3 million reduction from the second quarter in the prior period. On a year-to-date basis, revenues improved to $13.1 million as compared to $11.5 million reported for the six month period in 2010. Activity in the second quarter was severely constrained by a prolonged spring break-up and extremely wet weather conditions, resulting in many customers delaying their drilling and completions activities to the last half of 2011. For the six month period, the 14% increase in revenue reflects the increase in horizontal drilling activity requiring deeper and larger diameter coil applications which translates to higher day rates. The Company has been focusing its service activities to meet the demands of the growing horizontal drilling market and has increased its operational focus to cover a larger area within the WCSB.

In the second quarter of 2011, the Company reported a loss from continuing operations of $3.65 million as compared to a loss of $1.7 million in the second quarter of 2010. During the second quarter, the Company experienced a reduction in field activity due to spring break-up and weather related delays, along with higher operating costs. To prepare operations for an increase in activity in the latter half of 2011, the Company, where possible, retained qualified field personnel during spring break-up, took advantage of opportunities to hire additional field personnel and performed maintenance on its key equipment. The Company's loss from continuing operations of $2.4 million for the first six months of 2011 includes a one-time loss on the settlement of its convertible debenture in the amount of $1.4 million. Excluding this loss, the company reported a loss of $1.0 million.

Results of Continuing Operations

Well Stimulation Services (000's)


June 30, June 30, Quarter ended 2011 2010 $ Change % Change

Revenue $ 2,920 $ 3,232 $ (312) (10)% Operating Expenses 3,856 2,814 1,042 37%
Gross profit(i) $ (936) $ 418 $ (1,354) n/a June 30, June 30, Six months ended 2011 2010 $ Change % Change
Revenue $ 13,058 $ 11,451 $ 1,607 14% Operating Expenses 8,987 7,027 1,960 28%
Gross profit(i) $ 4,071 $ 4,424 $ (353) (8)%(i) Gross profit is a measure not recognized under IFRS. Management believes that gross profit provides investors with an indication of profit before administrative costs, amortization, finance costs, taxes and other. Readers are cautioned that gross profit should not be considered as an alternative to net profit determined in accordance with IFRS as an indicator of the Company's performance.
Revenues from well stimulation services decreased 10% in the second quarter of 2011 as compared to the second quarter of 2010. On a year-to-date basis, revenue increased 14% to $13.1 million.

As a result of the typical seasonality in the oil and gas industry in western Canada, the Company experienced reduced activity in the second quarter of 2011. Historically, the second quarter represents the lowest level of activity in the calendar year due to spring break-up. The wet spring and early summer weather combined with the thawing of ground frost renders many roads incapable of supporting the weight of heavy equipment. As a result, operators are subject to road bans which restrict the ability to access well sites. In the second quarter of 2011, the Company experienced a prolonged spring break-up due to rain and low temperatures in western Canada which resulted in the delay of approximately $1.0 million of scheduled work. Revenues in the second quarter were also reduced due to the sales mix. In the second quarter, the Company performed a greater percentage of jobs in a region of Alberta where rates for services are typically lower than other areas in western Canada. In future quarters, the Company expects to return to providing services more evenly distributed across all regions of Alberta leading to higher pricing.

For the six month period ended June 30, 2011, revenue increased $1.6 million to $13.1 million. This improvement reflects the continued increase in horizontal drilling activity in northwest Alberta and northeast British Columbia requiring deeper and larger diameter coil applications which translates into higher day rates. Leader's focus on a larger area within the WCSB along with a general increase in economic activity, particularly in the first quarter has also contributed to higher revenues. The Company exited the quarter with five coil units plus one reel trailer capable of 2 3/8" coil applications, seven nitrogen pumpers and one fluid pumper.

As a result of the delays experienced in the second quarter causing pent up demand for the Company's services, and the introduction of a third larger diameter deep coil unit and second fluid pumper into the fleet in early fall, the Company expects activity levels and revenues to improve significantly in the latter half of 2011.

Operating costs totalled $3.9 million during the second quarter of 2011 compared to $2.8 million during the comparable period in 2010. During the current quarter, the Company retained its qualified field personnel through spring break-up and took advantage of opportunities to hire additional field personnel to prepare the operations for a significant increase in activity in the latter half of 2011. Over the past two years, the biggest challenge facing the Company has been the ability to hire enough qualified personnel to operate the equipment in the field. The number of field personnel on staff combined with higher field wage rates due to training and increased costs to travel to certain job locations, and repair and maintenance performed on equipment had a negative effect on operating costs in the quarter. These higher costs along with an increase in weather related delays reduced operating results as compared to the prior period.

For the six month period ended June 30, 2011, the Company reported operating costs of $9.0 million as compared to $7.0 million in the prior period. As a percentage of revenue, operating costs for the first six months increased 28% over the same period in 2010 reflecting the increased costs incurred in the second quarter to retain qualified field staff and repair equipment in anticipation of increased activity in the second half of 2011. As previously stated, weather related standby also had a significant negative effect on results in the current period.

Outlook

Western Canadian petroleum exploration and production activities remain focused on horizontal wells, multistage completions and extended-reach drilling in oil and liquids-rich gas plays. Coiled tubing and affiliated services are increasingly being used for high-end completion activities and growing demands are creating an environment of better pricing for our services. With a 10-year history in the premium coiled tubing market, Leader is well positioned to provide large diameter coiled tubing, nitrogen and fluid pumping services through the very active corridor from northeastern BC through south-central Alberta.

All signs point to a robust second half of the year and significantly improved utilization rates are expected. Pent up demand in Canada due to the prolonged spring break-up will significantly increase equipment utilization and produce strong EBITDA margins.

The Company's 2011 capital expenditure budget will approximate $4.5 million, which will be financed by internally generated cash flow. Each of the Company's three service lines will benefit from this expansion, with new equipment becoming operational early in the fourth quarter. We anticipate a growing number of horizontal wells drilled in the foreseeable future; these deeper drilling activities require each of Leader's service offerings. The Company is confident that this momentum will continue into 2012. A larger capital expenditure program will be initiated for 2012 with a focus on deep coiled tubing units.

Other

Additional information can be found on SEDAR at www.sedar.com or the Company web site at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof was 19,468,021 which does not include 1,699,168 unexercised stock options and 4,250,000 share purchase warrants.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", "likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward-looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

Contact:
Rod HauserLeader Energy Services Ltd.President & CEO(403) [e-mail] Krueger, CFALeader Energy Services Ltd.Executive Vice President(403) [e-mail] Reid, CALeader Energy Services Ltd.VP Finance & CFO(403) [e-mail]

[10 bagger]

LDRXF.. $1.13..

Sold the rest of my shares and look for a repurchase at Sub $0.80's.. The weather does note bode well for Leader activities for the next Qtr's report.. hank

[10 bagger]

LDRXF.. $0.855..

During the past few months the stock of LDRXF has been in a free fall and has seen little support for it's shares.. I believe because of the uncertainty of the next qtr's earnings and possible change in control down the road investors have become somewhat wary of LDRXF's future price prospects.. My thoughts are to double down if LEADRF trades much below the $0.75 area and I would again become aggresive in the $0.60's.. While ther is no indication that the holders of the new debt purchase have any indications of converting to stock,, the possibility of LDRXF becoming part of a working trust leaves little room to the upside and it appears that LDRXF could be dead money for the next few Qtrs.. hank

[Rawnoc]

LDRXF is part of the SwingTrade Portfolio which is up 41.3% YTD and up 153.9% since October 1, 2009 inception.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62722205

[db7]

Leader Energy Services Reports a Significant Increase in 2010 Results

Press Release Source: Leader Energy Services Ltd. On Tuesday April 19, 2011, 6:00 am EDT
CALGARY, ALBERTA--(Marketwire - April 19, 2011) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA - News) is pleased to announce financial results for the year ended December 31, 2010.

Performance Summary (000's)


----------------------------------------- Year Year over over Year Year Years ended December 31, 2010 2009 $ Change % Change ----------------------------------------- Revenue - continuing operations $ 26,474 $ 13,282 13,192 99% Operating Expenses - continuing operations 14,022 8,907 5,115 57% General and Administrative - continuing operations 4,104 3,288 816 25% Provision for Bad Debts - continuing operations (174) 235 (409) n/a -----------------------------------------EBITDA - continuing operations(i) 8,522 852 7,670 900% Amortization - continuing operations 3,517 2,271 1,246 55% Loss on Debenture - 195 (195) n/a Stock Compensation - continuing operations 56 51 5 10% Interest - continuing operations 3,339 3,209 130 4% Other - continuing operations (273) 68 (341) n/a -----------------------------------------Net Income (Loss) before Tax - continuing operations 1,883 (4,942) 6,825 n/a Provision for taxes - continuing operations - - - n/a -----------------------------------------Net Income (Loss) - continuing operations 1,883 (4,942) 6,825 n/a -----------------------------------------Net Income - discontinued operations 208 2,018 (1,810) (90)% -----------------------------------------Net Income (Loss) 2,091 (2,924) 5,015 n/a ----------------------------------------- -----------------------------------------(i) EBITDA means earnings from continuing operations before interest, taxes, amortization, and stock based compensation. Readers are cautioned that EBITDA is generally regarded as an indirect measure of operating cash flow, and, as such, the Company believes it is a significant indicator of success of public companies, and is particularly relevant to readers within the investment community. EBITDA is not a measure that has a standardized meaning prescribed by Canadian GAAP, and accordingly may not be comparable to similar measures used by other companies.
Overview

Headquartered out of Calgary, Alberta, the Company's operations are managed from its operations base in Grande Prairie, Alberta. From this base the Company offers well stimulation services across the Western Canadian Sedimentary Basin ("WCSB").

The Company reported a 99% increase in revenue and 900% increase in EBITDA as compared to the prior year. This increase can be attributed to an improvement in western Canadian oil and gas development activity, and an increase in horizontal drilling activity leading to greater demand for larger diameter coil and deeper job applications.

The Company's net income from continuing operations of $1.9 million ($0.14 per basic share) for 2010 represents a $6.8 million improvement over the prior year's net loss from continuing operations of $4.9 million (loss of $0.37 per basic share). This improvement is due to an increase in revenue resulting from greater demand for deeper and larger diameter coil applications, an increase in the utilization of both coiled tubing and nitrogen pumping equipment in the field, and the benefits of continued cost control efforts in the field partially offset by higher general and administrative and amortization expenses.

Results of Continuing Operations

Well Stimulation Services (000's)


---------------------------------------- Year over Year over Year Year Years ended December 31, 2010 2009 $ Change % Change ---------------------------------------- Revenue $ 26,474 $ 13,282 13,192 99%Operating Expenses 14,022 8,907 5,115 57% ----------------------------------------Field profit(i) 12,452 4,375 8,077 185% (i) Field profit is a measure not recognized under Canadian GAAP. Management believes that field profit provides investors with an indication of earnings before administrative costs, depreciation, interest, and taxes. Readers are cautioned that field profit should not be considered as an alternative to net income determined in accordance with Canadian GAAP as an indicator of the Company's performance.
Revenues in well stimulation services increased 99% in 2010 as compared to 2009. In every quarter of 2010, the Company reported an increase in revenue as compared to the revenue reported in the prior year. The proliferation of horizontal drilling activity in northwest Alberta and northeast British Columbia along with an improvement in the economic environment have been key contributors to the increase in revenue. Horizontal drilling activity in areas such as the Montney, Cardium and Horn River is driving demand for deeper and larger diameter coil applications which normally translates to higher daily revenues. The Company had five coiled tubing units including two larger diameter 2" coil units operating during the year. In 2011, the Company is adding both a 2" unit and a 2-3/8" unit to its fleet. The improvement in revenue can also be attributed to the Company offering its services in a larger area within the WCSB along with a higher utilization of nitrogen equipment as compared to the prior year. The Company offers nitrogen services in conjunction with coiled tubing applications and on a stand-alone basis. In 2010, the Company operated seven nitrogen pumpers and reported revenue from nitrogen services of $11.5 million as compared to $5.8 million in 2009.

In December 2010, the Company expanded its service line by adding a fluid pumper to its fleet of equipment. Applications for this equipment include pumping fluids down the wellbore to activate downhole motors used in drilling out composite plugs in the horizontal sections, and providing chemical injections.

Operating costs totaled $14.0 million (53% of revenue) in 2010 as compared to $8.9 million (67% of revenue) in 2009. Operating costs declined as a percentage of revenues in 2010 due to the increase in deeper and larger diameter coil work during the year which equates to higher day rates and higher margins as compared to the work performed in 2009. Throughout 2010, the Company continued to benefit from efficiencies achieved through a larger percentage of higher margin work, ongoing cost control initiatives associated with operations and the Company's labour resources, and the centralization of its operational efforts out of one facility located in Grande Prairie, Alberta.

Liquidity and Capital Resources

At December 31, 2010, the Company held cash of $2.4 million and positive working capital of $5.3 million as compared to $1.0 million and $1.8 million respectively for the December 31, 2009 year end. For the year ended December 31, 2010 cash flow from continuing operations before changes in non-cash working capital was $6.2 million, an improvement of $6.7 million over the previous year.

The Company maintained a positive working capital balance throughout 2010, and reported $2.0 million in cash flow from continuing operations before changes in non-cash working capital during the fourth quarter of 2010. An increase in operations has driven this improvement in working capital in both the fourth quarter and on an annual basis.

Outlook

The Petroleum Services Association of Canada (PSAC) is forecasting a total of 12,750 wells drilled across Canada for 2011, of which 8,390 will be drilled in Alberta, representing increases of 5% and 4% respectively over 2010 levels. Exploration and development activities in western Canada remain focused on horizontal wells and multistage completions in liquids-rich gas plays such as the Montney and unconventional light oil plays such as the Cardium and Viking. Leader is well positioned to provide large diameter coiled tubing, nitrogen and fluid pumping services through this very active corridor from northeastern BC through south-central Alberta. We expect to continue seeing an escalation in the amount of horizontal wells drilled over the foreseeable future and in the depth of the wells that are drilled, activities that require each of Leader's service offerings. As a result, the Company expects to

[10 bagger]

LDRXF.. $1.22 Some how this message fell between the cracks.. hank

PRESS RELEASE: Leader Energy Services Announces Closing of $15 Million Financing

Dow Jones and Company, Inc. - Feb 18 at 10:56

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Feb. 18, 2011) - Leader Energy Services Ltd. ( "Leader" or the "Company") (TSX VENTURE:LEA) is pleased to announce that it has completed its previously announced three-year secured debt facility agreement in the principal amount of $15,000,000. The facility bears interest at an annual rate of 12% compounded and payable quarterly, and is repayable at any time without penalty subject to the approval of its senior lender. Under the terms of the financing, the lender was issued 4 million share purchase warrants exercisable at $0.65 for three years. Leader will use existing working capital and proceeds from the new facility to refinance its existing convertible debt.

As previously announced, Leader reached an agreement with holders of its 10% convertible subordinated debentures to repurchase 95.4% of the total amount outstanding. Leader issued $15,000,000 of debentures on February 28, 2007, of which $13,160,000 was outstanding as of January 25, 2011. The debentures were convertible at $0.40 per share and would have matured on March 31, 2012.

Leader will pay $12,560,000 of debenture principal plus $1,400,000 of deferred interest at 110% of face value, for a total of $15,356,000. Additionally the Company will pay interest owing per the debenture agreement up until February 18, 2011 totalling approximately $755,000. As of February 18, 2011, a total of $ 2,140,000 of debentures was converted to common shares of the Company.

Whitehorn Merchant Capital Inc. provided financial advisory services to Leader with regards to the new debt facility and in addition to cash compensation, received 250,000 share purchase warrants exercisable at $0.60 for two years.

Leader continues to experience robust demand for its services. Revenue for the year ended December 31, 2010 will approximate $26 million. In addition, revenue for the current year to date is higher than previously expected. In 2011, the Company is planning a modest capital expenditure program including new coiled tubing, nitrogen, and fluid pumping equipment. Leader anticipates releasing fiscal 2010 results during the third week of April 2011.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof is 18,698,000.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", " likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF.. $1.00 Bid..

"Leader continues to experience robust demand for its services. Revenue for the year ended December 31, 2010 will approximate $26 million. In addition, revenue for the current year to date is higher than previously expected. In 2011, the Company is planning a modest capital expenditure program including new coiled tubing, nitrogen, and fluid pumping equipment. Leader anticipates releasing fiscal 2010 results during the third week of April 2011. "


Leader Energy Services Announces Closing of $15 Million Financing

Dow Jones and Company, Inc. - Feb 18 at 10:56

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Feb. 18, 2011) - Leader Energy Services Ltd. ( "Leader" or the "Company") (TSX VENTURE:LEA) is pleased to announce that it has completed its previously announced three-year secured debt facility agreement in the principal amount of $15,000,000. The facility bears interest at an annual rate of 12% compounded and payable quarterly, and is repayable at any time without penalty subject to the approval of its senior lender. Under the terms of the financing, the lender was issued 4 million share purchase warrants exercisable at $0.65 for three years. Leader will use existing working capital and proceeds from the new facility to refinance its existing convertible debt.

As previously announced, Leader reached an agreement with holders of its 10% convertible subordinated debentures to repurchase 95.4% of the total amount outstanding. Leader issued $15,000,000 of debentures on February 28, 2007, of which $13,160,000 was outstanding as of January 25, 2011. The debentures were convertible at $0.40 per share and would have matured on March 31, 2012.

Leader will pay $12,560,000 of debenture principal plus $1,400,000 of deferred interest at 110% of face value, for a total of $15,356,000. Additionally the Company will pay interest owing per the debenture agreement up until February 18, 2011 totalling approximately $755,000. As of February 18, 2011, a total of $ 2,140,000 of debentures was converted to common shares of the Company.

Whitehorn Merchant Capital Inc. provided financial advisory services to Leader with regards to the new debt facility and in addition to cash compensation, received 250,000 share purchase warrants exercisable at $0.60 for two years.

Leader continues to experience robust demand for its services. Revenue for the year ended December 31, 2010 will approximate $26 million. In addition, revenue for the current year to date is higher than previously expected. In 2011, the Company is planning a modest capital expenditure program including new coiled tubing, nitrogen, and fluid pumping equipment. Leader anticipates releasing fiscal 2010 results during the third week of April 2011.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof is 18,698,000.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", " likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
[phone]
[e-mail]
www.leaderenergy.com

[db7]

•Investment Industry Regulatory Organization of Canada - Trading Halt - Leader Energy Services Ltd. - LEACNW Group(Fri 9:18AM EST)

[db7]

not much overhead on the ask is there

[10 bagger]

LDRXF.. $0.8253 +$0.1109 15.52% NEW HIGH

[db7]

nice volume today

[db7]

if this halted? i don't see a halt BUT nothing showing on my level 2 this morning.... all other venture stocks are quoting

EDIT

i see a trade went off so not halted.. not sure why i can't see level 2 though

g/l

[10 bagger]

LEADER ENERGY SERVICES LTD.(CDNX: LEA.V )

From Yahoo..
Last Trade: 0.73
Trade Time: 3:59PM EST
Change: 0.06 (8.96%)
Prev Close: 0.67
Open: 0.70
Bid: 0.71
Ask: 0.73
1y Target Est: N/A
Day's Range: 0.69 - 0.73
52wk Range: 0.10 - 0.73
Volume: 829,133
Avg Vol (3m): 92,133
Market Cap: 9.68M
P/E (ttm): 7.16
EPS (ttm): 0.10
Div & Yield: N/A (N/A

[eom7]

Nice follow through...

[eom7]

Where was your alert down here? Just joking...

Thanks for the heads up... grabbed a small starter position.

My FECOF ship is fully loaded at this very moment.

Love the small OS here. Thanks again

[10 bagger]

LDRXF. $0.6362 This changes everything.. Bought 51,552..

Been following for over 18 mo's and this is the iceing on the cake.. Selling for LESS THAN 3PE BECAUSE OF THIS REPURCHASE OF CONV. DEBT..

01/25/11 11:59 AM EST Buy 388 LDRXF Executed @ $0.6362 Details | Edit
01/25/11 11:59 AM EST Buy 12500 LDRXF Executed @ $0.6302 Details | Edit
01/25/11 11:56 AM EST Buy 12888 LDRXF Executed @ $0.635 Details | Edit
01/25/11 11:37 AM EST Buy 12500 LDRXF Executed @ $0.6159 Details | Edit
01/25/11 11:37 AM EST Buy 388 LDRXF Executed @ $0.6159 Details | Edit
01/25/11 11:35 AM EST Buy 8000 LDRXF Executed @ $0.6158 Details | Edit
01/25/11 11:35 AM EST Buy 4500 LDRXF Executed @ $0.6158 Details | Edit
01/25/11 11:35 AM EST Buy 388 LDRXF Executed @ $0.6158 Details | Edit


PRESS RELEASE: Leader Energy Services Announces Repurchase of Convertible Debentures and Financing

Dow Jones and Company, Inc. - Jan 25 at 10:24

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Jan. 25, 2011) - (TSX VENTURE:LEA) - Leader Energy Services Ltd. ("Leader" or the "Company") today announced it has reached an agreement with holders of its 10% convertible subordinated debentures to repurchase 95.4% of the total amount outstanding. Leader issued $15,000,000 of debentures on February 28, 2007, of which $13,160,000 is outstanding. The debentures are convertible at $0.40 per share and mature on March 31, 2012.

In addition, the Company has entered into a term sheet with a new lender for a three-year secured debt facility agreement in the principal amount of $15,000, 000. The facility bears interest at an annual rate of 12% compounded and payable quarterly, and is repayable at any time without penalty. At closing the lender shall be issued 4 million share purchase warrants exercisable at a 15% premium to the five-day volume weighted average share price on the term sheet signature date for three years. Closing is expected to occur on or before February 15, 2011 and is subject to certain customary conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. In addition to the proceeds of the new facility, Leader will use existing working capital to refinance its existing convertible debt.

Upon closing of the financing, Leader will pay $12,560,000 of debenture principal plus $1,400,000 of deferred interest at 110% of face value, for a total of $15,356,000. Additionally the Company will pay accrued interest owing per the debenture agreement up until the closing date of the transaction totalling approximately $630,000. As of January 24, 2011, a total of $1,840,000 of debentures has been converted to common shares of the Company.

Rod Hauser, President of Leader Energy Services said, "These are two significant developments for our Company. In addition to extending the term of our debt facility by two years we will be able to eliminate the likelihood of significant dilution in the number of shares outstanding had our debentures remained in place. More than 31 million shares could have been issued at a conversion price of $0.40 had these remaining debentures been converted."

Whitehorn Merchant Capital Inc. provided financial advisory services to Leader with regards to the new debt facility.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof is 17,865,000.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", " likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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


................

PRESS RELEASE: Leader Energy Services Ltd.- Options Granted

Dow Jones and Company, Inc. - Jan 13 at 17:26

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Jan. 13, 2011) - Leader Energy Services Ltd. ( "Leader" or the "Company") (TSX VENTURE:LEA) announced that it has recently granted a total of 375,000 stock options at an exercise price of $0.55 per share to directors, officers and employees of the Corporation. The options will expire on January 12, 2016, and are subject to 3-year vesting provisions.

Further information about Leader can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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


.............
PRESS RELEASE: Leader Energy Services Announces Partial Conversion of Debentures

Dow Jones and Company, Inc. - Jan 04 at 08:00

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) - Leader Energy Services Ltd. ( TSX VENTURE:LEA) ("Leader" or the "Company") announced that it has received additional exercise notices for partial conversions of its outstanding senior unsecured convertible debentures in the face amount of $1,000,000, or 2,500,000 shares. When these partial conversions are completed, the Company will have 17, 215,000 shares outstanding.

Leader issued $15,000,000 of debentures on February 28, 2007 of which $13,420, 000 remains outstanding. The debentures bear interest at 10% per annum, are convertible at $0.40 per share, and mature on March 31, 2012.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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


..................
PRESS RELEASE: Leader Energy Services Secures Credit Facility; Options Granted

Dow Jones & Company, Inc. - Nov 03 at 16:00

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Nov. 3, 2010) - Leader Energy Services Ltd. (" Leader" or the "Company") (TSX VENTURE:LEA) announces it has secured a $3 million revolving credit facility from a Canadian chartered bank. The interest rate applicable to funds borrowed is the bank's prime rate plus 2.75% with the borrowing based on funds available as determined in reference to the Company's accounts receivable balance. This loan has an expiry date of January 31, 2012.

The Company has recently granted a total of 125,000 stock options at an exercise price of $0.31 per share to an officer of the Corporation. The options will expire on November 3, 2015, and are subject to 2-year vesting provisions.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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


...........................
PRESS RELEASE: Leader Energy Services Announces Executive Appointment

Dow Jones & Company, Inc. - Nov 01 at 07:00

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Nov. 1, 2010) - Leader Energy Services Ltd. (" Leader" or the "Company") (TSX VENTURE:LEA) today announced the appointment of Mr. Graham Reid as an Executive of the Company, who will be assuming the role of Chief Financial Officer effective November 15, 2010. Mr. Reid has extensive experience in oilfield service and equipment businesses with an excellent record of financial reporting in public company environments. Prior to this appointment, Mr. Reid was Vice President Finance and Chief Financial Officer of Norex Exploration Services Inc. located in Calgary, Alberta. Mr. Reid is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Calgary.

Mr. Reid will succeed Mr. Don Baird as Chief Financial Officer of the Company as he pursues other opportunities. The Board of Directors of Leader would like to thank Don for his efforts over the course of his engagement with the Company, and wishes him well in his future endeavours.

Leader Energy Services Ltd. provides well stimulation services in western Canada. Further information on Leader can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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

..........................
On Friday November 12, 2010, 4:17 pm EST
CALGARY, ALBERTA--(Marketwire - Nov. 12, 2010) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA - News) today announced financial and operating results for the three and nine-month periods ended September 30, 2010. Third quarter revenue and EBITDAS increased by $4.5 million (250%) and $3.1 million (495%) respectively over the comparable period last year. For the nine months to date, revenue and EBITDAS increased by $8.4 million (91%) and $5.3 million (1,873%) respectively over the comparable period last year.

Overview

Headquartered out of Calgary, Alberta, Leader's operations are managed from its base in Grande Prairie, Alberta. From this base the Company offers well stimulation services across the Western Canadian Sedimentary Basin ("WCSB").

For the quarter ended September 30, 2010 the Company recorded a profit from continuing operations before interest, taxes, amortization and stock based compensation ("E(L)BITDAS") of $2.5 million and a net income of $1.1 million as compared to a loss of E(L)BITDAS of $622,000 and a net loss from continuing operations of $2.5 million in the prior year third quarter. The improvement in E(L)BITDAS over the prior year third quarter results is due to increased industry activity levels with a greater concentration of operations on deeper wells. The net income of $1.1 million for the current period was also an improvement over the prior year's third quarter loss of $791,000 predominantly due to an improved E(L)BITDAS in the current period.

As a result of the Company's improved E(L)BITDAS, cash flow from continuing operating activities before changes in non-working capital balances was positive $1.8 million in the 2010 third quarter which was a significant improvement over the prior year's third quarter cash flow from continuing operations of negative $1.3 million. Management continues to take all action possible to further increase its revenues while minimizing or reducing its administrative overhead costs and related operational costs in order to improve its cash flow from continuing operations.

Subsequent to the balance sheet date the Company secured a $3.0 million revolving credit facility from a Canadian chartered bank. The interest rate applicable to funds borrowed is the bank's prime rate plus 2.75% with the borrowing based on funds available as determined in reference to the Company's accounts receivable balance. The loan facility has an expiry date of January 31, 2012.

Liquidity and Capital Resources

As at the end of the third quarter of 2010, the Company held cash of $1.5 million and positive working capital of $3.4 million as compared to $1.0 million and $1.8 million respectively as at December 31, 2009.

The 2010 third quarter cash flow from continuing operating activities before changes in non-cash working capital balances was positive $1.8 million while the cash flow from continuing operating activities before changes in non-cash working capital for the nine months ended September 30, 2010 was positive $4.2 million a significant improvement over the 2009 amounts of negative $1.3 million and negative $1.7 million for the respective three and nine month periods.

The improved 2010 cash flows and cash balance were due to increased activity levels and the resulting improvement in income from continuing operations and the effect that the improved operations had on accounts receivable and cash balances.

Management is pleased with the current results of operations and will continue to take action wherever possible to increase the Company's revenues and reduce administrative and operational costs.

Outlook

Leader continues to show much-improved financial results relative to 2009. The Petroleum Services Association of Canada estimates 7,915 wells will be drilled in Alberta in 2011, with the number of oil wells increasing 18% and natural gas wells decreasing 5%. Our client base continues to grow due to increased horizontal drilling in the Cardium, Bakken and other oil resource plays. Our operational activity outlook is encouraging. By the end of 2010 Leader will expand its service capabilities by offering a new 2-3/8" coiled tubing unit to assist in longer horizontal wells that are being drilled in areas where our clients are active.

While improved industry conditions will directly benefit the Company through higher utilization rates, Leader will continue to focus on advancing operational efficiencies where possible, and managing its capital in a prudent manner. Management is grateful for the dedication and hard work of Leader's entire workforce; their efforts are reflected in our customers' satisfaction and in our financial performance. The Company is optimistic that results will show continued improvement during the balance of 2010 and into 2011.

Other

Additional information can be found on SEDAR at www.sedar.com or the Company web site at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof was 13,265,000 which does not include 1,315,000 unexercised stock options.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", "likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director, Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Don Baird, CA
Chief Financial Officer
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF.. $0.5682

PRESS RELEASE: Leader Energy Services Announces Repurchase of Convertible Debentures and Financing

Dow Jones and Company, Inc. - Jan 25 at 10:24

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Jan. 25, 2011) - (TSX VENTURE:LEA) - Leader Energy Services Ltd. ("Leader" or the "Company") today announced it has reached an agreement with holders of its 10% convertible subordinated debentures to repurchase 95.4% of the total amount outstanding. Leader issued $15,000,000 of debentures on February 28, 2007, of which $13,160,000 is outstanding. The debentures are convertible at $0.40 per share and mature on March 31, 2012.

In addition, the Company has entered into a term sheet with a new lender for a three-year secured debt facility agreement in the principal amount of $15,000, 000. The facility bears interest at an annual rate of 12% compounded and payable quarterly, and is repayable at any time without penalty. At closing the lender shall be issued 4 million share purchase warrants exercisable at a 15% premium to the five-day volume weighted average share price on the term sheet signature date for three years. Closing is expected to occur on or before February 15, 2011 and is subject to certain customary conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. In addition to the proceeds of the new facility, Leader will use existing working capital to refinance its existing convertible debt.

Upon closing of the financing, Leader will pay $12,560,000 of debenture principal plus $1,400,000 of deferred interest at 110% of face value, for a total of $15,356,000. Additionally the Company will pay accrued interest owing per the debenture agreement up until the closing date of the transaction totalling approximately $630,000. As of January 24, 2011, a total of $1,840,000 of debentures has been converted to common shares of the Company.

Rod Hauser, President of Leader Energy Services said, "These are two significant developments for our Company. In addition to extending the term of our debt facility by two years we will be able to eliminate the likelihood of significant dilution in the number of shares outstanding had our debentures remained in place. More than 31 million shares could have been issued at a conversion price of $0.40 had these remaining debentures been converted."

Whitehorn Merchant Capital Inc. provided financial advisory services to Leader with regards to the new debt facility.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof is 17,865,000.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", " likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF.. $0.4821 Partial Conversion of Debentures

PRESS RELEASE: Leader Energy Services Announces Partial Conversion of Debentures

Dow Jones and Company, Inc. - Jan 04 at 08:00

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) - Leader Energy Services Ltd. ( TSX VENTURE:LEA) ("Leader" or the "Company") announced that it has received additional exercise notices for partial conversions of its outstanding senior unsecured convertible debentures in the face amount of $1,000,000, or 2,500,000 shares. When these partial conversions are completed, the Company will have 17, 215,000 shares outstanding.

Leader issued $15,000,000 of debentures on February 28, 2007 of which $13,420, 000 remains outstanding. The debentures bear interest at 10% per annum, are convertible at $0.40 per share, and mature on March 31, 2012.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF.. $0.6322 Partial Conversion of Debentures

PRESS RELEASE: Leader Energy Services Announces Partial Conversion of Debentures

Dow Jones and Company, Inc. - Dec 07 at 06:00

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Dec. 7, 2010) - Leader Energy Services Ltd. (" Leader" or the "Company") (TSX VENTURE:LEA) announced that it has received exercise notices for partial conversions of its outstanding senior unsecured convertible debentures in the face amount of $580,000, or 1,450,000 shares. When these partial conversions are completed, the Company will have 14,715,000 shares outstanding.

Leader issued $15,000,000 of debentures on February 28, 2007. The debentures bear interest at 10%, are convertible at $0.40 per share, and mature on March 31, 2012.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF.. $0.6405..

There seems to be little concern about the $0.40 conversion at the moment.. Sold out in the Mid $0.50's and that at present appears to have been a mistake.. Looking to reenter but at the bid,, not the offer .. Hank

[10 bagger]

LDRXF.. $0.5513..

Today is a good day.. I'm a happy camper.. All LDRXF.pk buying appears to have come from the US.. DD will bring out the $0.40 conversion of debt that lurks.. While Earnings will have a substantial cut with dilution I'm a buyer again in the high $0.30's if it gets there again.. hank

11/15/10 11:15 AM EST Sell 1000 LDRXF Executed @ $0.5432 Details | Edit
11/15/10 11:15 AM EST Sell 6500 LDRXF Executed @ $0.5432 Details | Edit
11/15/10 11:15 AM EST Sell 2500 LDRXF Executed @ $0.5432 Details | Edit
11/15/10 11:15 AM EST Sell 1500 LDRXF Executed @ $0.5432 Details | Edit
11/15/10 11:15 AM EST Sell 4000 LDRXF Executed @ $0.5432 Details | Edit
11/15/10 10:56 AM EST Sell 112 LDRXF Executed @ $0.5409 Details | Edit
11/15/10 10:23 AM EST Sell 38500 LDRXF Executed @ $0.5513 Details | Edit
11/15/10 10:19 AM EST Sell 221 ERSO Executed @ $4.98 Details | Edit
11/15/10 10:17 AM EST Sell 388 LDRXF Executed @ $0.5108 Details | Edit
11/15/10 10:17 AM EST Sell 388 LDRXF Executed @ $0.5108 Details | Edit
11/15/10 10:17 AM EST Sell 12000 LDRXF Executed @ $0.5108 Details | Edit
11/15/10 10:17 AM EST Sell 500 LDRXF Executed @ $0.5207 Details | Edit
11/15/10 10:17 AM EST Sell 388 LDRXF Executed @ $0.522 Details | Edit
11/15/10 10:15 AM EST Sell 500 LDRXF Executed @ $0.522 Details | Edit
11/15/10 10:14 AM EST Sell 5500 LDRXF Executed @ $0.522 Details | Edit
11/15/10 10:14 AM EST Sell 1000 LDRXF Executed @ $0.522 Details | Edit
11/15/10 10:14 AM EST Sell 1500 LDRXF Executed @ $0.522 Details | Edit
11/15/10 9:45 AM EST Sell 950 ERSO Executed @ $4.98 Details | Edit
11/15/10 9:44 AM EST Sell 600 ERSO Executed @ $4.98 Details | Edit
11/15/10 9:39 AM EST Sell 279 ERSO Executed @ $4.88 Details | Edit
11/15/10 9:39 AM EST Sell 500 ERSO Executed @ $4.88 Details | Edit
11/15/10 9:38 AM EST Sell 240 ERSO Executed @ $4.88 Details | Edit
11/15/10 9:37 AM EST Sell 500 ERSO Executed @ $4.88 Details | Edit



------------------------

10 bagger Share Tuesday, October 19, 2010 1:48:23 PM
Re: 10 bagger post# 6 Post # of 14

LDRXF.pk.. $0.3592 +$0.1907,, +113%..

Have no news.. But I'm a happy camper.. hank

10 bagger Share Thursday, May 27, 2010 11:08:12 AM
Re: kozuh post# 6344 Post # of 7035

LEA.v

Yes they did a reverse and as I type I am in the process of trying to double up.. Obam's speech will drive more drilling funds to Cda. IMO.. hank

So far:
05/27/10 11:09 AM EDT Buy 6000 LDRXF Executed @ $0.2237 Details | Edit
05/27/10 11:04 AM EDT Buy 5000 LDRXF Executed @ $0.2238 Details | Edit
05/27/10 11:04 AM EDT Buy 14000 LDRXF Executed @ $0.2237 Details | Edit
05/27/10 11:04 AM EDT Buy 500 LDRXF Executed @ $0.2237 Details | Edit

10 bagger Share Wednesday, May 26, 2010 12:35:04 PM
Re: None Post # of 3080

LDRXF.pk.. LEA.to $0.1789 Added to I-box..

Just bought:

05/26/10 12:31 PM EDT Buy 8000 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:31 PM EDT Buy 388 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:22 PM EDT Buy 2500 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:22 PM EDT Buy 2000 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:16 PM EDT Buy 2500 LDRXF Executed @ $0.174 Details | Edit
05/26/10 12:15 PM EDT Buy 10000 LDRXF Executed @ $0.174 Details | Edit

.. I spoke to the company.. This is operating results for the three-month period ended March 31, 2010., and earnings from here till next winter should be flat.. 1X PE.. I like the odds.. hank

This Guy is worth the call.. hank

Leader Energy Services Ltd.
Jason Krueger, CFA
Director, Investor Relations
[phone]
[e-mail]

[10 bagger]

LDRXF.pk.. $0.5513 Up 66.77%

[10 bagger]

LDRXF.pk $0.32

PRESS RELEASE: Leader Energy Services Announces Third Quarter Results

Dow Jones & Company, Inc. - Nov 12 at 16:18

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Nov. 12, 2010) - Leader Energy Services Ltd. ( "Leader" or the "Company") (TSX VENTURE:LEA) today announced financial and operating results for the three and nine-month periods ended September 30, 2010. Third quarter revenue and EBITDAS increased by $4.5 million (250%) and $3.1 million (495%) respectively over the comparable period last year. For the nine months to date, revenue and EBITDAS increased by $8.4 million (91%) and $5.3 million (1,873%) respectively over the comparable period last year.

Third Quarter Performance Summary (000s )

---------------------------------------------
September September
Quarter ended, 30, 2010 30, 2009 $ Change % Change
---------------------------------------------

Revenue - continuing
operations $ 6,252 $ 1,786 $ 4,466 250%
---------------------------------------------
E(L)BITDAS from continuing
operations(i) 2,456 (622) 3,078 495%
---------------------------------------------
Net income (loss) - continuing
operations 1,112 (2,454) 3,566 145%
Net income - discontinued
operations 11 1,663 (1,652) (99)%
---------------------------------------------
Net income (loss) 1,123 (791) 1,914 242%
---------------------------------------------

Net income (loss)
Continuing operations
---------------------------------------------
Per share basic 0.08 (0.19) 0.27 -
---------------------------------------------
Per share diluted 0.08 (0.19) 0.27 -
---------------------------------------------
E(L)BITDAS from continuing
operations (ii)
---------------------------------------------
Per share basic 0.19 (0.05) 0.24 -
---------------------------------------------
Per share diluted 0.17 (0.05) 0.22 -
---------------------------------------------

---------------------------------------------
September September
Nine months ended, 30, 2010 30, 2009 $ Change % Change
---------------------------------------------

Revenue - continuing
operations $ 17,703 $ 9,287 $ 8,416 91%
---------------------------------------------
E(L)BITDAS from continuing
operations(i) 5,603 284 5,319 1,873%
Net income (loss) - continuing
operations 1,724 (4,444) 6,168 139%
---------------------------------------------
Net income discontinued
operations 210 2,088 (1,878) (90)%
---------------------------------------------
Net income (loss) 1,934 (2,356) 4,290 182%

---------------------------------------------
Net income (loss)
Continuing operations
Per share basic 0.13 (0.34) 0.47 -
---------------------------------------------
Per share diluted 0.12 (0.34) 0.46 -
---------------------------------------------
E(L)BITDAS from continuing
operations (ii)
---------------------------------------------
Per share basic 0.42 0.02 0.40 -
---------------------------------------------
Per share diluted 0.39 0.02 0.37 -
---------------------------------------------



(i) E(L)BITDAS is defined herein as earnings(loss) from continuing operations before interest, taxes, amortization, and stock based compensation. Readers are cautioned that E(L)BITDAS is generally regarded as an indirect measure of operating cash flow, and, as such, the Company believes it is a significant indicator of success of public companies, and is particularly relevant to readers within the investment community. E(L)BITDAS is not a measure that has a standardized meaning prescribed by Canadian GAAP, and accordingly may not be comparable to similar measures used by other companies.

(ii) E(L)BITDAS from continuing operations per share and per share diluted are measures of per share profitability before certain charges and is not a measure that has a standardized meaning prescribed by Canadian GAAP, and accordingly may not be comparable to similar measures used by other companies.

Overview

Headquartered out of Calgary, Alberta, Leader's operations are managed from its base in Grande Prairie, Alberta. From this base the Company offers well stimulation services across the Western Canadian Sedimentary Basin ("WCSB").

For the quarter ended September 30, 2010 the Company recorded a profit from continuing operations before interest, taxes, amortization and stock based compensation ("E(L)BITDAS") of $2.5 million and a net income of $1.1 million as compared to a loss of E(L)BITDAS of $622,000 and a net loss from continuing operations of $2.5 million in the prior year third quarter. The improvement in E(L)BITDAS over the prior year third quarter results is due to increased industry activity levels with a greater concentration of operations on deeper wells. The net income of $1.1 million for the current period was also an improvement over the prior year's third quarter loss of $791,000 predominantly due to an improved E(L)BITDAS in the current period.

As a result of the Company's improved E(L)BITDAS, cash flow from continuing operating activities before changes in non-working capital balances was positive $1.8 million in the 2010 third quarter which was a significant improvement over the prior year's third quarter cash flow from continuing operations of negative $1.3 million. Management continues to take all action possible to further increase its revenues while minimizing or reducing its administrative overhead costs and related operational costs in order to improve its cash flow from continuing operations.

Subsequent to the balance sheet date the Company secured a $3.0 million revolving credit facility from a Canadian chartered bank. The interest rate applicable to funds borrowed is the bank's prime rate plus 2.75% with the borrowing based on funds available as determined in reference to the Company's accounts receivable balance. The loan facility has an expiry date of January 31, 2012.

Liquidity and Capital Resources

As at the end of the third quarter of 2010, the Company held cash of $1.5 million and positive working capital of $3.4 million as compared to $1.0 million and $1.8 million respectively as at December 31, 2009.

The 2010 third quarter cash flow from continuing operating activities before changes in non-cash working capital balances was positive $1.8 million while the cash flow from continuing operating activities before changes in non-cash working capital for the nine months ended September 30, 2010 was positive $4.2 million a significant improvement over the 2009 amounts of negative $1.3 million and negative $1.7 million for the respective three and nine month periods.

The improved 2010 cash flows and cash balance were due to increased activity levels and the resulting improvement in income from continuing operations and the effect that the improved operations had on accounts receivable and cash balances.

Management is pleased with the current results of operations and will continue to take action wherever possible to increase the Company's revenues and reduce administrative and operational costs.

Outlook

Leader continues to show much-improved financial results relative to 2009. The Petroleum Services Association of Canada estimates 7,915 wells will be drilled in Alberta in 2011, with the number of oil wells increasing 18% and natural gas wells decreasing 5%. Our client base continues to grow due to increased horizontal drilling in the Cardium, Bakken and other oil resource plays. Our operational activity outlook is encouraging. By the end of 2010 Leader will expand its service capabilities by offering a new 2-3/8" coiled tubing unit to assist in longer horizontal wells that are being drilled in areas where our clients are active.

While improved industry conditions will directly benefit the Company through higher utilization rates, Leader will continue to focus on advancing operational efficiencies where possible, and managing its capital in a prudent manner. Management is grateful for the dedication and hard work of Leader's entire workforce; their efforts are reflected in our customers' satisfaction and in our financial performance. The Company is optimistic that results will show continued improvement during the balance of 2010 and into 2011.

Other

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=5iMaSHffp3wsSXHVTMVpgA%3D%3D. You can use this link on the day this article is published and the following day.


(MORE TO FOLLOW) Dow Jones Newswires
11-12-10 1618ET

Added on 11/12 at 16:18 PRESS RELEASE: Leader Energy Services Announces -2-
Additional information can be found on SEDAR at www.sedar.com or the Company web site at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof was 13,265,000 which does not include 1,315,000 unexercised stock options.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", " likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF.. $0.3286..

Leader Energy Services Announces Executive Appointment

Dow Jones & Company, Inc. - Nov 01 at 07:00

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - Nov. 1, 2010) - Leader Energy Services Ltd. (" Leader" or the "Company") (TSX VENTURE:LEA) today announced the appointment of Mr. Graham Reid as an Executive of the Company, who will be assuming the role of Chief Financial Officer effective November 15, 2010. Mr. Reid has extensive experience in oilfield service and equipment businesses with an excellent record of financial reporting in public company environments. Prior to this appointment, Mr. Reid was Vice President Finance and Chief Financial Officer of Norex Exploration Services Inc. located in Calgary, Alberta. Mr. Reid is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Calgary.

Mr. Reid will succeed Mr. Don Baird as Chief Financial Officer of the Company as he pursues other opportunities. The Board of Directors of Leader would like to thank Don for his efforts over the course of his engagement with the Company, and wishes him well in his future endeavours.

Leader Energy Services Ltd. provides well stimulation services in western Canada. Further information on Leader can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director & Investor Relations
[phone]
[e-mail]
www.leaderenergy.com

[10 bagger]

LDRXF

I spoke to Jason last PM and asked him what all the buying was about.. He said an aggressive Amerivan seemed to want to get his position all in one day and that was yesterday.. As to the company,, it usually only has one Qtr. of earnings per year but this year will be different.. Thats all that I got except that Revs are up big and will be reflected in the next report with earnings.... hank

[nsomniyak]

and here I was thinking that "Jason Krueger" was going to be the villain in a new Halloween slasher movie.

Kind of like Predator vs. Alien ...

[kozuh]

Who is Jason Krueger ... ???

Background for Jason Krueger:

Employment History:
LEADER ENERGY SERVICES LTD
Summus Capital Corp.
Redwood Capital Corporation

Board Memberships and Affiliations:
Board Member, LEADER ENERGY SERVICES LTD
Board Member, Summus Capital Corp.
Member, CFA Institute
Member, The Calgary Society of Financial Analysts
Education, Bachelor of Commerce degree, University of Calgary

[kozuh]

Heavy insider buying ... !!!!!!

Good news is in the air ...

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=28668696&l=0&r=0&s=LEA&t=LIST

[10 bagger]

LDRXF.pk.. $0.3592 +$0.1907,, +113%..

Have no news.. But I'm a happy camper.. hank

10 bagger Share Thursday, May 27, 2010 11:08:12 AM
Re: kozuh post# 6344 Post # of 7035

LEA.v

Yes they did a reverse and as I type I am in the process of trying to double up.. Obam's speech will drive more drilling funds to Cda. IMO.. hank

So far:
05/27/10 11:09 AM EDT Buy 6000 LDRXF Executed @ $0.2237 Details | Edit
05/27/10 11:04 AM EDT Buy 5000 LDRXF Executed @ $0.2238 Details | Edit
05/27/10 11:04 AM EDT Buy 14000 LDRXF Executed @ $0.2237 Details | Edit
05/27/10 11:04 AM EDT Buy 500 LDRXF Executed @ $0.2237 Details | Edit

10 bagger Share Wednesday, May 26, 2010 12:35:04 PM
Re: None Post # of 3080

LDRXF.pk.. LEA.to $0.1789 Added to I-box..

Just bought:

05/26/10 12:31 PM EDT Buy 8000 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:31 PM EDT Buy 388 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:22 PM EDT Buy 2500 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:22 PM EDT Buy 2000 LDRXF Executed @ $0.1789 Details | Edit
05/26/10 12:16 PM EDT Buy 2500 LDRXF Executed @ $0.174 Details | Edit
05/26/10 12:15 PM EDT Buy 10000 LDRXF Executed @ $0.174 Details | Edit

.. I spoke to the company.. This is operating results for the three-month period ended March 31, 2010., and earnings from here till next winter should be flat.. 1X PE.. I like the odds.. hank

This Guy is worth the call.. hank

Leader Energy Services Ltd.
Jason Krueger, CFA
Director, Investor Relations
[phone]
[e-mail]

Company Symbols: OtherOTC:LDRXF, TorontoVE:LEA


CALGARY, ALBERTA--(Marketwire - May 26, 2010) - Leader Energy Services Ltd. (" Leader" or the "Company") (TSX VENTURE:LEA) today announced financial and operating results for the three-month period ended March 31, 2010.

Performance Summary (000's except per share amounts)

---------- -----------------------------
Quarter ended Year
over
Year over Year
March 31, March 31, Year %
2010 2009 $ Change Change
---------- -----------------------------

Revenue - continuing operations $ 8,219 $ 6,120 $ 2,099 34%
Operating Expenses - continuing
operations 3,859 3,351 508 15%
General and Administrative -
continuing operations 833 692 141 20%
Provision for Bad Debts - continuing
operations - 28 (28) (100)%
---------- -----------------------------
EBITDAS - continuing operations(i) 3,527 2,049 1,478 72%
Amortization - continuing
operations 544 553 (19) (2)%
Stock Compensation - continuing
operations 10 - 10 -
Interest - continuing operations 802 816 (14) (2)%
Other - continuing operations 13 7 6 86%
---------- -----------------------------
Net Income - continuing operations 2,158 673 1,485 221%
---------- -----------------------------
Net Income/(Loss) - discontinued
operations 51 (43) 94 318%
---------- -----------------------------
Net Income 2,209 630 1,579 251%
---------- -----------------------------
- per share (basic) $ 0.17 $ 0.05 $ 0.12 240%
---------- -----------------------------
- per share (diluted) $ 0.15 $ 0.05 $ 0.10 200%
---------- -----------------------------
---------- -----------------------------

(i) EBITDAS means earnings from continuing operations before interest,
taxes, amortization, and stock based compensation. Readers are cautioned
that EBITDAS is generally regarded as an indirect measure of operating
cash flow, and, as such, the Company believes it is a significant
indicator of success of public companies, and is particularly relevant
to readers within the investment community. EBITDAS is not a measure
that has a standardized meaning prescribed by Canadian GAAP, and
accordingly may not be comparable to similar measures used by other
companies.



Overview

Headquartered out of Calgary, Alberta, Leader Energy Services Ltd.'s ("Leader" or the "Company") operations are managed from its operations base in Grande Prairie, Alberta. From this base the Company offers well stimulation services across the Western Canadian Sedimentary Basin ("WCSB").

In the first quarter of 2010 revenues were well above that of the prior year's first quarter and exceeded forecast. In conjunction with the first quarter of the year typically being the most active quarter for the Company, the results from the 2010 first quarter were further improved as a result of the Company focusing its service activities on deeper and horizontal wells requiring larger diameter pipe and continued close management of costs and overhead expenses.

Operating costs totalled $3.9 million during the first quarter of 2010 versus $3.4 million during the comparable period in 2009. Operating costs as a percentage of revenues decreased from 55% in the 2009 first quarter to 47% in the 2010 first quarter. With higher revenues and operating efficiencies resulting in decreased operating expenses as a percentage of revenues, field profit for the first quarter of 2010 showed a significant 57% improvement over the comparable period in 2009.

The Company's net income from continuing operations of $2.2 million for the first quarter of 2010 was a significant improvement over the prior year's first quarter net income from continuing operations of $673,000. This improvement was due to a $1.5 million increase in EBITDAS in the current year first quarter in comparison to the prior year's first quarter. The improvement in EBITDAS was due to higher revenues in the current year first quarter coupled with operating costs as a percentage of revenues decreasing from 55% in the 2009 first quarter to 47% in the 2010 first quarter. The increased revenues and improved operating costs were partially offset by an increase in general and administrative costs.

Net income for the quarter ended March 31, 2010 was $2.2 million with basic and diluted earnings per share being $0.17 and $0.15 respectively. This is a marked improvement over net income of $630,000 for the quarter ended March 31, 2009 where both basic and diluted earnings per share were $0.05.

The Company has yet to secure a credit facility to replace the facility which was paid out in mid 2008. Based on the Company's internal operating cash forecast, if the assumptions in the forecast hold true, access to additional financing does not appear to be necessary. However, given the uncertainty present in the current economic climate the Company will continue to pursue possible credit facility opportunities and hopes to secure a credit facility in the near future.

Liquidity and Capital Resources

At March 31, 2010 the Company held cash and cash equivalents of $1.0 million and positive working capital of $4.2 million as compared to $1.0 million and $ 1.8 million respectively for the December 31, 2009 year ended. For the period ended March 31, 2010 cash flow from continuing operations before changes from non-cash working capital was positive $3.2 million, an improvement of $1.8 million over the previous year's period ended March 31, 2009. The improvement in working capital and cash flow from continuing operations before changes from non-cash working capital can both be attributed to the positive results from operations.

Outlook

Management is pleased with the results of operations and will continue to take action wherever possible to increase the Company's revenues and reduce administrative and operational costs. Although Leader has surpassed internal operational and financial projections year to date, a number of challenges continue to confront the oilfield service industry in western Canada. Recognizing that these challenges exist, the Company remains cautiously optimistic with respect to operating results for the balance of the year. Demand for Leader's services has shown an increase relative to last year at this time. The Company believes that demand for its services will continue to strengthen during 2010.

Other

Additional information can be found on SEDAR at www.sedar.com or the Company web site at www.leaderenergy.com. The number of common shares issued and outstanding at the date hereof was 13,265,000 which does not include 1,244,000 unexercised stock options.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", " likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Jason Krueger, CFA
Director, Investor Relations
[phone]
[e-mail]
or
Leader Energy Services Ltd.
Don Baird, CA
Chief Financial Officer
[phone]
[e-mail]