Flint reports purchases under Normal Course Issuer Bid

(TSX: FES.TO)

CALGARY, Sept. 10 /CNW/ - Flint Energy Services Ltd. ("Flint") reported today that during August 2008, the company repurchased 412,400 shares for an average cost of $16.69 per share.

On February 26, 2008, Flint released details of the Normal Course Issuer Bid (NCIB) stating the current market price of its common shares did not accurately reflect their underlying value making the common shares an attractive investment and an advantageous use of Flint's funds. Flint expects that the purchase of common shares will benefit the remaining shareholders of Flint by increasing their proportionate equity interest in Flint.

The normal course issuer bid commenced on February 29, 2008 and will terminate on February 28, 2009 or such earlier time as the bid is completed or terminated at the option of Flint.

Under the normal course issuer bid, Flint may acquire up to 2,379,689 common shares, which is 5% of the total issued and outstanding common shares. All purchases of common shares will be made through the facilities of the TSX at the market price of the shares at the time of acquisition. Daily repurchases by Flint will be limited to a maximum of 38,014 common shares, other than block purchase exceptions, based on an average daily trading volume for the last six calendar months of 152,055 common shares. Any shares acquired by Flint will be cancelled.

Flint is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services, facility infrastructure, oilfield transportation, tubular management services, process equipment design and manufacturing, and plant maintenance. Flint provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, and maintenance services for upgrading and production facilities in Alberta's fast growing oil sands sector. Flint Energy Services Ltd. is a publicly traded company listed on the Toronto Stock Exchange under the symbol "FES".

FORWARD LOOKING STATEMENTS

Certain statements in this news release are "forward-looking statements", which reflect current expectations of the management of Flint regarding future events or Flint's future performance. All statements other than statements of historical fact contained in this news release may be forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements. Flint believes that the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Flint assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law. Further information regarding risks and uncertainties relating to Flint and its securities can be found in the disclosure documents filed by Flint with the securities regulatory authorities, available at www.sedar.com.

Contacts

W.J. (Bill) Lingard
President & Chief Executive Officer

Paul Boechler
Chief Financial Officer

or Guy Cocquyt
Director of Investor Relations
Telephone: (403) 218-7100
Fax: (403) 215-5481
Website: www.flintenergy.com