Enseco Energy Services Corp. Announces Record Results For the Quarter and Year Ended March 31, 2012

Enseco ENERGY SERVICES CORP ("Enseco" or the "Company") (TSX VENTURE:ENS)
announces its financial results for the quarter and year ended March 31, 2012.


HIGHLIGHTS FOR THE PERIOD ENDED MARCH 31, 2012

Enseco has achieved record results and has shown continual quarter over quarter
improvement in all of its business while substantially reducing it overall debt
in the March 31, 2012 fiscal year.




--  Revenue increased 19% to $79 million for the year; 
    
--  Adjusted gross margins increased by 5% to 37% for the year; 
    
--  EBITDAS increased by 81% to $13.7 million year over year; 
    
--  Net income increased by $6.9 million from ($2.8) million to $4.1 million
    in the current year; 
    
--  The Company reduced its debt by $10.5 million for the year ending March
    31, 2012 and continues to reduce its debt on a quarterly basis; 
    
--  Enseco has diversified its customer and operating base by increasing its
    US revenues to be 1/3 of total revenue; 

RESULTS FROM OPERATIONS                                                     
                                                                            
                                 Three months ended     Twelve months ended 
                                          March 31,               March 31, 
In thousands of dollars             2012       2011         2012       2011 
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Revenue from continuing                                                     
 operations (1)              $    24,500 $   21,707  $    78,927 $   66,199 
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Adjusted gross margin from                                                  
 continuing operations (1)   $     9,039 $    6,084  $    28,993 $   21,645 
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EBITDAS from continuing                                                     
 operations (1)              $     4,538 $    1,950  $    13,683 $    7,564 
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Net income (loss) from                                                      
 continuing operations                                                      
 before tax                  $     2,373 $   (1,535) $     4,104 $   (2,772)
  Per common share - basic   $      0.12 $    (0.08) $      0.20 $    (0.16)
  Per common share - diluted $      0.11 $    (0.08) $      0.19 $    (0.16)
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Net income (loss) from                                                      
 discontinued operations     $         - $        -  $         - $     (388)
  Per common share - basic                                                  
   and diluted               $         - $        -  $         - $    (0.02)
----------------------------------------------------------------------------
Total net income (loss)                                                     
 before tax                  $     2,373 $   (1,535) $     4,104 $   (3,160)
  Per common share - basic   $      0.12 $    (0.08) $      0.20 $    (0.18)
  Per common share - diluted $      0.11 $    (0.08) $      0.19 $    (0.18)
----------------------------------------------------------------------------
Cash flow from continuing                                                   
 operations, before changes                                                 
 in non-cash working capital                                                
 items (1)                   $     4,445 $    5,173  $    13,542 $    7,564 
----------------------------------------------------------------------------
Cash flow from/(used in)                                                    
 operating activities        $     3,220 $    1,692  $    10,992 $    6,635 
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(1)   See definition within the Non-IFRS Measures section of the Company's  
      MD&A dated June 28, 2012                                              



OUTLOOK

Enseco's record performance is a direct result of its successful expansion into
both the Canadian and United States resource plays. In 2013 Enseco will focus on
a strategy for continued growth in these geographical areas by expanding its US
production testing fleet and targeting US directional drilling opportunities.


Enseco is well positioned in the current commodity price environment with the
majority of its income related to horizontal oil and liquids drilling activity.
Enseco has focused its operating areas in some of the most economic resource
plays in the US and Canada, such as the Bakken in both Canada and the United
States in which the underlying fundamentals should remain strong. The Company
will continue to work with its customers to refine existing technology and
processes to allow the Company to have continued success during times when
commodity pricing is turbulent.


The Company has developed a capital program that allows it to be flexible to
market changes and industry demand. This flexibility will allow the Company to
deploy new equipment only in areas where it can be fully utilized.


In fiscal 2012 the Company embarked on developing an in house motor repair
facility. In June 2012 this facility become operational providing the Company
with the ability to repair a significant portion of its motor fleet. Management
expects to achieve a major reduction in repair and rental costs as well as
improved efficiency and decreased downtime.


The Company will experience the benefits from the new motor shop facility in
Leduc, Alberta in the coming year. The major benefits from repairing motors in
house will ultimately be to provide better service quality to our customers.


Directional and horizontal drilling continues to increase as a percentage of
total wells drilled and now comprises over 80% of total wells drilled. Demand
for the Company's directional drilling services and production testing frac
flowback services are expected to continue to remain strong. Longer, more
complex, flow back operations are expected to continue to increase the
requirements for production testing services in both Canada and the US.


The Company continues to successfully leverage the service quality of all its
divisions resulting in overall improved margins companywide. The improved
service quality has well positioned the Company for future growth in all
divisions.


With continued and increasing positive cash flow, Enseco is focused on
accelerating its expansion into the US and reducing overall debt levels while
opportunistically increasing its capital expenditures to take advantage of the
growth in our core operating areas. Enseco is also able to redeploy equipment
between Canada and the US as demand changes between these two operating basins.


It is expected that the pursuit of these growth opportunities, accompanied by
initiatives to improve margin efficiency, and reduced debt levels, will continue
to improve the Company's financial performance in the future.


PROPERTY

On March 8, 2012 the Company completed the previously announced sale of a first
secured mortgage (the "Mortgage") held by the Company over certain real property
located in British Columbia to a company controlled by the former President and
Chief Executive Officer of Enseco, for gross proceeds of $750,000. The proceeds
from the sale of the Mortgage were used to fund the Company's capital program.


FILINGS

Enseco will be filing later today with Canadian securities regulatory
authorities its audited consolidated financial statements for the year ended
March 31, 2012 and the accompanying management's discussion and analysis
("MD&A"). These filings will be available under Enseco's SEDAR profile at
www.sedar.com


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 and Denver. 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 news release constitute
forward-looking information or forward-looking statements (collectively
"Forward-looking statements"), under applicable securities legislation,
including, but not limited to: statements concerning Enseco's future business
strategy, marketing and expansion plans for Canada and the United States; the
anticipated capital program and the benefits and results thereof; anticipated
declines in repair and rental costs; plans to refine technology and service
offerings and the development of proprietary technology; plans to reduce debt;
anticipated growth in the Company's directional drilling and production testing
businesses; plans to increase staffing levels, expectations regarding future
revenues, cash flow, gross margins, EBITDAS, improved efficiencies, cost
reductions, rental reductions, profit margins and other financial results;
expectations regarding resource play drilling activity levels and drilling
programs; general industry and operating conditions; expectations regarding
future higher utilization rates and demand for the Company's services (including
the nature of services expected to be required by customers in the future);
future geographical and service focus; the development of a motor repair
facility and the benefits to be obtained therefrom; expectations regarding
Enseco's ability to finance its current operations, capital expenditures,
acquisitions, and future growth and to manage its current debt levels;
expectations regarding the Company's ability to obtain the continued
co-operation of the Company's lender; the Company's ability to raise additional
debt or equity; expectations respecting the competitive position of Enseco's
business divisions; expectations concerning the financing of future business
activities; access to capital and capital expenditures, and expectations
regarding future accounting standards and elections. Although management of the
Company believes that the expectations reflected in such forward looking
statements 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.
Readers should review the cautionary statement respecting forward-looking
information that appears below. All of the forward looking statements of the
Company contained in this news release are expressly qualified, in their
entirety, by this cautionary statement.


The information and statements contained in this news release that are not
historical facts are forward-looking statements. Forward-looking statements
(often, but not always, identified by the use of words such as "seek", "plan",
"continue", "estimate", "project", "predict", "potential", "targeting",
"intend", "could", "might", "should", "believe", "expect", "may", "anticipate"
or "will" and similar expressions) may include plans, expectations, opinions, or
guidance that are not statements of fact. Forward -looking statements are based
upon the opinions, expectations and estimates of management as at the date the
statements are made and 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); the credit risk to which the Company is exposed in the
conduct of its business; general economic conditions in North America and
globally; 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.


Forward-looking information concerning the nature and timing of growth within
the various business divisions is based on the current budget of the Company
(which is subject to change), factors that affected the historical growth of
such business divisions, sources of historic growth opportunities, anticipated
capital expenditures, and expectations relating to future economic and operating
conditions. Forward -looking information concerning the future competitive
position of the Company's business divisions is based upon the current
competitive Services environment in which those business divisions operate,
expectations relating to future economic and operating conditions, current and
announced build programs and other expansion plans of other organizations that
operate in the energy service business. Forward-looking information concerning
the financing of future business activities is based upon the financing sources
on which the Company has historically relied and expectations relating to future
economic and operating conditions. Forward -looking information concerning
future economic and operating conditions is based upon historical economic and
operating conditions, opinions of third -party analysts respecting anticipated
economic and operating conditions.


With respect to forward-looking statements contained in this news release,
Enseco has made assumptions regarding 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.


Management has included the above summary of assumptions and risks related to
forward-looking information provided in this news release order to provide a
more complete perspective on Enseco's future operations and such information may
not be appropriate for other purposes. Enseco's actual results, performance or
achievement could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurance can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that the Enseco will
derive there from. Readers are cautioned that the foregoing lists of factors are
not exhaustive. These forward-looking statements are made as of the date of in
this news 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.