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Strad Energy Services Ltd.

10:41 AM EST - Strad Energy Services Ltd. : Refutes an announcement earlier today by Total Energy Services Inc. that it will not be proceeding with an unsolicited takeover bid for the outstanding shares of the Company. Strad remains committed to executing upon its business plan and delivering value to all of its shareholders. Strad Energy Services Ltd. shares T.SDY are trading down $0.48 at $2.40.