BRIEF-GASFRAC provides operational review update

Oct 10 (Reuters) - Gasfrac Energy Services Inc :

* Provides operational review update and third quarter 2012 conference call

information

* Overhead staffing in the Houston office has been reduced from 16 to a sales

and engineering team of six

* Canadian staffing levels have been reduced by 20% to a level to support three

sets of equipment

* Says board has engaged a search firm to locate a new chief executive officer

* Sees revenue for Q3 to be approximately $40 million with approximately $25

million from canada and $15 million from the US

* Source text* Further company coverage ((Bangalore Newsroom; [phone]))