CEB

Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) is
pleased to announce that the Company entered into new agreements with Astra
Energy Canada Inc. ("Astra") which replace the current agreements.


On December 23, 2011, Ceiba entered into three agreements (the "Agreements")
with Astra Energy Canada Inc., an international physical energy trading
organization. These Agreements, the Facilities Agreement, the Marketing
Agreement and the Storage Agreement allowed for Ceiba to build or acquire a
number of additional processing, terminalling, storage, custom treating and
blending facilities in specifically targeted locations in the Western Canadian
Sedimentary Basin that are marketed to producers by Astra Energy Canada
Midstream Services Inc. ("Astra Midstream"). The Marketing Agreement provided
for a fee receivable by Ceiba of 50% of Astra Midstream operating margins from
the storage, blending, purchasing and sales of all oil from Ceiba's facilities.
The Facility Agreement provided for a fee payable by Ceiba of 50% of Ceiba's
operating profits, less certain other adjustments, from the rollup of Ceiba's
facilities. The original Agreements contained a 10-year term plus two 5-year
renewals at Astra's option.


The new Astra agreements ("New Agreements") were finalized on July 9, 2014 and
are effective as of April 1, 2014. The New Agreements simplify the Company's
relationship with Astra, eliminate the administration required for the previous
Agreements and provide greater flexibility for Ceiba to execute its growth
strategy of developing waste processing facilities. Under the New Agreements,
the former Facilities, Marketing and Storage Agreements are terminated and both
parties released from future obligations.


Under the New Agreements, Astra remains Ceiba's exclusive crude oil marketer for
Ceiba's current and future treatment and disposal facilities. Ceiba receives
100% of its sales oil revenue less a 5% marketing fee. Ceiba will work directly
with its customers for all inbound products. This marketing arrangement
terminates April 1, 2015 and will automatically renew for 90-day periods unless
terminated by either party with 35-day notice. With respect to the early
termination of the former agreements, Ceiba agrees to pay Astra a gross
overriding royalty of 2% of revenues for the first five years and 1% of revenue
for the three consecutive years. 


Ceiba will continue to operate its terminal and storage facility at Kinsella and
Astra will continue to market all oil processed through the facility. Ceiba and
Astra will share operating income from Kinsella equally.


Management believes that the New Agreements appropriately adjust the Company's
relationship with Astra in a manner that better aligns the risks and rewards
associated with the Company's near term and long term growth plans while
allowing both companies to leverage each of their core competencies to provide
effective service for Ceiba's customers.


About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to
companies involved in the exploration, extraction and production of oil and
natural gas in under serviced market space throughout Western Canada. Ceiba
develops and constructs facilities in proximity to its customers to provide
treatment of crude oil emulsion, terminalling, storage and marketing of oil and
disposal of production water.


Reader Advisory 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or the accuracy of this release.


Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These
statements relate to future events or the future economic performance of Ceiba
and carry known and unknown risks, uncertainties and other factors that may
appreciably affect their results, economic performance or accomplishments when
considered in light of the content or implications to statements made by Ceiba.
Actual events or results could be significantly different. Accordingly,
investors should not place undue reliance on forward-looking statements. Ceiba
does not intend and undertakes no obligation to update these forward-looking
statements, except as required under applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ceiba Energy Services Inc.
Ian Simister
President
403-262-2783


Ceiba Energy Services Inc.
Peter Cheung
CFO and Corporate Secretary
403-262-2783

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