May 2007 Financial News

Neal & Massy Energy Acquires Rotating Equipment Services Limited

May 29, 2007

Neal & Massy Energy Acquires Rotating Equipment Services Limited

Gervase Warner, Executive Chairman of Neal & Massy Energy Limited (NMEL) is pleased to announce that the company acquired Rotating Equipment Services Limited (RESL) from its shareholders. The company of 30 employees has been absorbed into Neal and Massy Energy Services Limited (NMESL). The RESL business is an excellent complement to NMESL and their existing representations of Dresser Rand Compressors, Flowserve Pumps and Wood Group Heavy Industrial Turbines. The acquisition enables NMESL to extend its offerings to customers to include worldclass field repair and construction capabilities for rotating equipment. The acquisition is consistent with NMEL’s vision of creating an internationally heralded Integrated Energy Services company that provides a role model for local energy companies.

The Managing Director of RESL has joined the NMESL Leadership team and will continue to lead maintenance, construction and commissioning work in rotating equipment services.

Rotating Equipment Services Ltd has been the premier provider of field services for compressors and pumps on offshore oil and gas platforms, and is the leading provider of repairs and installations of rotating equipment for major methanol and ammonia producing plants in Point Lisas since 2002

Both companies are excited and optimistic about the new opportunities for growth arising from this investment.

Source:
Thursday, May 24, 2007

Ms. Candace Ali
Group Communications Officer
Neal and Massy Limited
63 Park Street, Port of Spain
Republic of Trinidad and Tobago
t 1 868 625 3433
f 1 868 627 9061
e cali@neal-and-massy.com