NWE - New West Energy Services.

New West recently announced the sales of their fluid division for $3.4 million .. this was the least profitable division and now allows the company to focus on the environmental services division.

Q3 should be out in a month or so and I would assume based on Q2 will show another decent profit.

Highlights from Q2:

Revenue for the three-month period ended Oct. 31, 2011, totalled $5,184,095, and for the six-month period ended Oct. 31, 2011, totalled $9,793,827. The comparative number for the three-month period ended Oct. 31, 2010, was $2,527,254, and for the six-month period ended Oct. 31, 2010, was $5,075,144.

Net income for the three-month period ended Oct. 31, 2011, totalled $595,986, and for the six-month period ended Oct. 31, 2011, totalled $807,203. The comparative number for the three-month period ended Oct. 31, 2010, was $(42,725), and for the six-month period ended Oct. 31, 2010, was $218,257.

Not bad for a .06 cent stock.

CALGARY, ALBERTA--(Marketwire - March 29, 2012) - NEW WEST ENERGY SERVICES INC. (TSX VENTURE:NWE) (the "Corporation") is pleased to announce the results for the Corporation for the three, six and nine month period ended January 31, 2012.

Revenue for the three month period ended January 31, 2012 totaled $4,712,589 (up 8% from the comparative period January 31, 2011 amount of $4,364,953), for the six month period ended October 31, 2011 totaled $9,793,827 (up 93% from the comparative period October 31, 2010 amount of $5,075,144) and for the nine month period ended January 31, 2012 totaled $14,506,416 (up 54% from the comparative period January 31, 2011 amount of $9,440,097).

Net income for the three month period ended January 31, 2012 totaled $3,486,140 (up 1015% from the comparative period January 31, 2011 amount of $312,496), for the six month period ended October 31, 2011 totaled $807,203 (up 270% from the comparative period October 31, 2010 amount of $218,257) and for the nine month period ended January 31, 2012 totaled $4,293,343 (up 708% from the comparative period January 31, 2011 amount of $530,753).

HIGHLIGHTS FOR THIS QUARTER
•The Corporation completed the sale of certain assets of its drilling fluids business for the sum of $3.3 million plus approximately $100,000 for inventory on January 25, 2012.
•Concurrently with the sale, Mr. A. Joseph Scarlett commenced employment with the purchaser and resigned as a director and officer of the Corporation and of the Corporation's drilling subsidiary.
•The Corporation is currently seeking acquisitions and other technologies which will complement its current services offered and add future growth potential.

The Corporation's financial statements and its Management Discussion and Analysis can be found on www.sedar.com.

About New West Energy Services Inc.

The Corporation operates in the oil field service industry in Canada through its wholly-owned subsidiary BearStone Environmental Solutions Inc. BearStone provides environmental services to the upstream oil and gas industry and operates a fleet of specialized vacuum and water trucks.