BRIEF-Secure Energy Services Q1 revenue C$209.1 million

Mon May 2, 2016 6:24pm EDT
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May 2 (Reuters) - Secure Energy Services Inc :

* Secure energy services announces strategic acquisition for $53 million and reports first quarter adjusted EBITDA of $25 million

* Q1 revenue c$209.1 million

* Q1 revenue view c$264.4 million -- Thomson Reuters I/B/E/S

* Entered into an agreement to acquire all of operating assets of Petrolama Energy Canada Inc

* Purchase price will be paid with about $47 .7 million in cash, balance of about $5 .8 million through issuance of common shares

* Secure energy services inc qtrly total revenue $209.1 million versus $366.5 million

* Secure energy services inc qtrly loss per share $0.07

* Secure has also agreed to purchase Petrolama's inventory on hand at closing   Continued...