CEO's Ownership of PHX Energy Services Corp. Increases Above 10%

For additional information please see the Early Warning Report in relation to the Disposition which has been filed by Mr. Hooks on PHX's SEDAR+ profile at www.sedarplus.ca. A copy of the Early Warning Report may also be obtained by contacting: Immediately prior to the Transaction, Mr. Hooks owned or controlled 4,706,376 Common Shares, representing approximately 9.9% of the issued and outstanding Common Shares of PHX. As a result of the Transaction, Mr. Hooks' ownership has increased to 10.01% of the issued ...