Snr Industry Executives Appointed to Deliver the Peak Vision

Specialist downhole tool provider, Peak Well Systems ("Peak") has announced two senior executive appointments that will help to drive forward the company's growth plans over the next decade. The company, previously Peak Well Services, has also launched a new brand identity to better reflect its business of designing and developing industry leading intervention technologies that will improve well performance.

Mark Nicol joins as Global Sales Director for Peak Well Systems, responsible for developing the company's global sales reach and capabilities. Mark joins Peak after 17 years at Weatherford International, most recently as Director of Global Business Development for the Well Completion Technologies Business Unit. Mark will be based out of the company's office in Aberdeen, UK.

Gus Brown joins as Head of Engineering for Peak Well Systems and will be instrumental in further improving Peak's world class engineering capabilities. Gus joins Peak from Hunting Energy Services, where he was responsible for the continuous development of their Well Intervention equipment technologies and a key driver in the expansion of their Engineering Design capacity. Gus will be based at the Peak offices in Perth, Australia.

Nigel Avern, Chief Executive, commented: "We welcome Mark and Gus to Peak Well Systems at the outset of an important chapter in the company's growth. Both individuals bring a tremendous breadth of expertise and experience to the management team. It is testimony to our leading downhole technology position that we are able to attract some of the best talent in our industry."

"The appointment of two eminent industry figures signals another major step-change in Peak's development. We now have an incredibly strong team of industry leaders in design, engineering and customer delivery, which underlines the excellence of our existing products and vision. In the last six months, we have seen a significant increase in sales and rental business from a wider geographical market and this trend looks set to continue as we receive large orders for the rest of 2011 and beyond."

For more information and photography/graphics, please contact Lyndsay Avern at l.avern@peakwellsystems.com / Tel +61 8 9270 0500 (Australia) or Tim Williams, Business Development Director at t.williams@peakwellsystems.com / Tel +44 1224 562240 (UK)

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