GLOBAL Energy Strategic Acquisitions

News Release – January 2007

(Calgary, Alberta) MAXIMA Divestitures Group Inc today announced that it has successfully championed two strategic acquisition projects for the Global Energy Services Ltd. with a combined value of $33,000,000.00.

Services provided by MAXIMA included finding and qualifying the opportunities, completing appropriate Business Valuations, negotiations, data management, and facilitating as required with the Vendors, Transaction Advisory Teams, lawyers and accounting service providers.

Global Energy Services Ltd. provides production services, communication systems and  wireless gas detection to the oil and gas industry. Based in Calgary, Alberta – with offices throughout Western Canada and Texas – Global Energy has been creating cost-effective products and providing superior customer service since 1994.

Announcement #1:
For Immediate Release November 20, 2006
TSXV – “GLK” Shares Outstanding: 18,819,293
Not for Dissemination in the United States
Global Energy Services Ltd. Announces Two Acquisitions and Private Financing

(Calgary, Alberta) Global Energy Services Ltd. (“Global” or the “Corporation”) is pleased to announce that it has signed letters of intent to acquire all of the issued and outstanding shares of Galloway Oil Field Construction Ltd. (“Galloway”), a privately held Alberta corporation active in the oilfield pipeline construction and facilities installation industry in central and northern Alberta and 379778 Alberta Corporation, doing business as Woodland Enterprises (“Woodland”), a privately held Alberta corporation active in pipeline construction, facilities construction including tie-ins and expansions as well as oilfield maintenance services. Derek Begin, President and CEO of Global Energy Services Ltd. stated, “We are
thrilled with both of these acquisitions as they will provide us with immediate growth and synergies which will significantly increase our bottom line. We propose to maintain both of these companies as going concerns which will operate as separate and distinct divisions of Global Energy Services Ltd.”

To aid in the assessment of fair enterprise value, Global commissioned professional independent valuations of both companies. Based on the valuations, Global and its advisors feel the enterprise values are fair for Global’s existing and future shareholders. It has been determined that the acquisitions have going concern enterprise values of $24.5 million and $8.5 million respectively. The combined acquisition targets as of September 30, 2006 had an unaudited nine month sales total of $28.5 million and an unaudited nine month EBITDA [Earnings Before Interest Taxes Depreciation Amortization; EBITDA is a not a Generally Accepted Accounting Principle (GAAP) measurement) total of $9.2 million.

To facilitate the acquisition, Global engaged professional advisors to assist in the deal solicitation and completion. Commissions and fees totaling 3.5% will be payable upon conclusion of this transaction representing a finder’s fee of 1.75% and 1.75% as professional fees for other services rendered.

Note: full copy of the SEDAR press release attached.

Announcement #2:
For Immediate Release January 2, 2007
TSXV – “GLK” Shares Outstanding: 18,819,293
Global Energy Services Ltd. Announces the Signing of Two Definitive Agreements.

(Calgary, Alberta) Global Energy Services Ltd. (“Global” or the “Corporation”) announces that it has signed Share Purchase Agreements with both Galloway Oil Field Construction Ltd. and 379778 Alberta Corporation doing business as Woodlands Enterprises effective December 29, 2006..

Global’s financing from the Quorum Group of Companies is pending with funds to be placed in escrow by January 31, 2007.

Derek Begin, President and CEO of Global Energy Services Ltd. stated, “We are thrilled with the signing of these two acquisitions. Both companies have great management that
we look forward to closely working with and growing our customer and knowledge base especially in heavy oil, SAGD” (Steam Assisted Gravity Drainage) .

Note: full copy of the SEDAR press release attached.

For more information about Buying a business or Selling a business please CALL NOW!