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ENS

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Share Name Share Symbol Market Type
TSXV:ENS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Enseco Announces Appointment of New President

12/07/2012 3:43am

Marketwired Canada


Enseco Energy Services Corp. ("Enseco" or the "Company") (TSX VENTURE:ENS) is
pleased to announce the appointment of Kent M. Devlin P.Eng MBA as President of
Enseco effective today. Mr. Devlin was previously VP Operations of Enseco and
has been employed in various roles with the Company since its inception. Mr.
Devlin has over 27 years of experience in the service industry and has a
background in both production testing and directional drilling. Prior to joining
Enseco, Mr. Devlin was employed in various senior management roles with
Weatherford, Precision Drilling and Computalog. 


Mr. Scott Ratushny, Chairman of The Board, stated "Kent has done an excellent
job of building our production testing business in both Canada and the United
States; with his background in directional drilling he was an ideal choice to
manage both of Enseco's service lines, as its new President." 


As part of his new role Mr. Devlin will be instrumental in expanding both the
production testing and directional drilling businesses in the United States. The
US market currently accounts for approximately 33% of Enseco's total revenues.
Enseco is focusing on growing the US market to be 50% of the Company's revenues.



With the opening of Enseco's motor repair facility in Leduc, Alberta in June,
Enseco's directional drilling division is expecting improved cost efficiencies
and service quality. This will augment the improved service quality already seen
as a result of opening the Leduc MWD Repair facility last year which has already
resulted in improved margins and customer satisfaction. 


"Enseco is well positioned for further growth in our two service lines, we have
a wealth of talented people throughout all areas of the Company and I am excited
about the future prospects for the Company" said Mr. Devlin. 


ABOUT ENSECO ENERGY SERVICES CORP.

Enseco is a premier supplier of directional drilling, production testing and
frac flowback services operating throughout the Western Canadian Sedimentary
Basin and select markets in the United States.


Our corporate office is located in Calgary and sales offices are located in both
Calgary, AB and Denver, CO. Enseco is led by an experienced management team with
a focus on continued value creation through accretive acquisitions and organic
growth.


FORWARD LOOKING DISCLAIMER 

Certain information and statements contained in this press release constitute
forward-looking statements, including, but not limited to: statements concerning
Enseco's future business strategy, focus and expansion plans, and expectations
regarding improved cost efficiencies and service quality and the results
therefrom. These forward-looking statements are based upon the opinions,
expectations and estimates of management as at the date the statements are
subject to a variety of risks and uncertainties and other factors that could
cause actual events or outcomes to differ materially from those anticipated or
implied by such forward-looking statements. These factors include, but are not
limited to, such things as changes in industry conditions (including the levels
of capital expenditures made by oil and gas producers and explorers),
fluctuations in prevailing commodity prices or currency and interest rates, the
competitive environment to which the various business divisions are, or may be,
exposed in all aspects of their business, the ability of the Company's various
business divisions to access equipment (including parts) and new technologies
and to maintain relationships with key suppliers, the ability of the Company's
various business divisions to attract and maintain key personnel and other
qualified employees, various environmental risks to which the Company's business
divisions are exposed in the conduct of their operations, inherent risks
associated with the conduct of the businesses in which the Company's business
divisions operate, timing and costs associated with the acquisition of capital
equipment, the impact of weather and other seasonal factors that affect business
operations, availability of financial resources or third-party financing and the
impact of new laws or changes in administrative practices on the part of
regulatory authorities. 


The forward-looking statements contained in this press release are based on a
number of assumptions including the current budget of the Company (which is
subject to change), anticipated capital expenditures, future financial, economic
and operating conditions, commodity prices and royalty regimes, availability of
skilled labour, timing and amount of capital expenditures, future foreign
exchange rates, interest rates, the impact of increasing competition, conditions
in general economic and financial markets, effects of regulation by governmental
agencies, and future operating costs. 


Although management of the Company believes that the expectations reflected in
the forward looking statements in this press release are reasonable, it can give
no assurance that such expectations will prove to have been correct.
Accordingly, readers should not place undue reliance upon any of the
forward-looking information set out in this press release. These forward-looking
statements are made as of the date of in this press release and Enseco disclaims
any obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or results or otherwise, other than as
required by applicable securities laws.


1 Year Enseco Energy Services Corp. Chart

1 Year Enseco Energy Services Corp. Chart

1 Month Enseco Energy Services Corp. Chart

1 Month Enseco Energy Services Corp. Chart