CEB

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) is
pleased to announce that it has closed its previously announced $16.1 million
bought deal financing of 23,000,000 common shares of the Company ("Common
Shares") at $0.70 per Common Share on a private placement basis (the "Private
Placement") with a syndicate of underwriters co-led by Peters & Co. Limited and
Clarus Securities Inc. and including Canaccord Genuity Corp., Scotia Capital
Inc. and Jennings Capital Inc. The Common Shares issued under the Private
Placement will have a hold period of four months plus one day from today. Ceiba
now has 101,923,327 Common Shares outstanding.


Ceiba intends to use the net proceeds from the Private Placement to reduce
indebtedness, expand the capacity of existing facilities, advance greenfield
projects and for general working capital purposes.


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 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 

The securities being offered have not, nor will they be registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons
absent U.S. registration or an applicable exemption from the U.S. registration
requirements. This release does not constitute an offer for sale of securities
in the United States.


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

Ceiba Energy Services Inc. (TSXV:CEB)
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