Enseco Energy Services Corp. Announces Results for the Nine Months Ended December 31, 2012

ENSECO ENERGY SERVICES CORP ("Enseco" or the "Company") (TSX VENTURE:ENS) is
pleased announce its financial results for the nine months ended December 31,
2012.


Please note that the corporation changed its year end to December 31 and these
results are for a nine month period only.


SELECT ANNUAL INFORMATION



                                         Twelve        Twelve       Twelve  
                      Nine months        months        months       months  
                            ended         ended         ended        ended  
In thousands          December 31      March 31      March 31     March 31  
 of dollars                  2012          2012          2011        20102  
----------------------------------------------------------------------------
Revenue              $     49,212  $     78,927  $     66,199  $    32,169  
Adjusted gross                                                              
 margin (1)          $     17,237  $     28,993  $     21,645  $     5,104  
GM %                         35.0%         36.7%         32.7%        15.9% 
EBITDAS (1 )         $      4,373  $     13,683  $      7,564  $    (2,503) 
EBITDAS %                     8.9%         17.3%         11.4%        (7.8%)
Net income (loss)    $     (4,207) $      4,013  $     (3,016) $   (15,017) 
Earnings per share -                                                        
 basic               $      (0.19) $       0.20  $      (0.18) $     (0.22) 
Earnings per share -                                                        
 diluted             $      (0.19) $       0.19  $      (0.18) $     (0.22) 
Cash flow before                                                            
 changes in working  $             $             $             $            
 capital                    4,231        13,542         7,564       (3,816) 
Cash flow from                                                              
 operating           $             $             $             $            
 activities                 6,515        10,992         6,635       (8,812) 
Property, plant and                                                         
 equipment           $     45,757  $     49,519  $     52,232  $    50,266  
Total assets         $     62,757  $     70,491  $     76,433  $    72,222  
Long term portion of                                                        
 debt                $     18,164  $     19,975  $     18,160  $    22,313  

1.  See definition within the Non-IFRS M easures section of this press
    release. 
2.  Enseco transitioned to IFRS on April 1, 2010. Annual information
    provided for the twelve months ended March 31, 2010 is presented in
    accordance with previous Canadian GAAP prior to transition to IFRS. 
    --  For the nine months end ing December 31, 2012, revenue of $49
        million had decreased from $79 million from the prior t welve month
        period ending March 31, 2012, and from $54 million for the
        comparable nine months ending December 31, 2011. 
    --  Gross margin was 35% for the nine months ending December 31, 2012 as
        compared to 36.7% for the twelve months endin g March 31, 2012 and
        36.6% for the comparable nine month period one year ago. Enseco was
        a ble to maintain its gross margins due to increased efficiencies. 
    --  Carrying costs of the Company's indebtedness have decreased fro m
        8.5% to 5.0%. The Company continues to m ake positive strides
        towards reducing its debt ye ar over year. 



HIGHLIGHTS FOR THE NINE MONTHS ENDED DECEMBER 31, 2012

Enseco achieved the following results for the nine months ended December 31, 2012.



--  Enseco's motor repair facility is now at full efficiency. The motor
    repair facility is able to service 80% of Enseco's motor fleet greatly
    reducing reliance on third party service providers and repair costs
    while increasing fleet efficiency and availability. 
--  Enseco continues to manufacture and standardize in-house MWD equipment,
    resulting in robust, durable, and reliable equipment with quality
    controlled components. Enseco is able to offer negative pulse, positive
    pulse, and Electro-Magnetic MWD technology to ensure the proper drilling
    solution in every environment. 
--  The training facility in Clairmont, Alberta is now operational,
    providing training and education to ensure that staff is trained to
    operate safely in all environments while using highly specialized and
    up-to-date equipment. The new facility also will help to review and
    improve internal procedures and processes for operating and safety
    before changes are made in the field. 
--  Enseco's USA Directional drilling division has provided services to its
    clients since 2009. One rig that Enseco was assigned to has been ranked
    44thout of 4,855 rigs reporting in the USA and received recognition from
    Rig Data as one of the top 1% of all USA rigs for footage drilled and
    average wells per day in 2012. 
--  Enseco has recently invested in two additional high pressure 1,440 psi
    pressure vessels and three storage tanks. These additions will continue
    to increase service capacity and quality while reducing rental costs. 
--  Debt reduction over the past few years continues to provide benefits
    throughout the Company. This has increased the Company's profitability
    and aided in the Company's ability to make strategic asset purchases. 



RESULTS FROM OPERATIONS

As a result of changing the year end from March to December, comparison of the
nine months ended December 31, 2012 to the prior twelve months ended March 31,
2012 would not be beneficial. January to March is historically Enseco's
strongest quarter and an assessment of the Company's annual information without
the inclusion of January to March results would not be meaningful or
representative when compared to the prior full twelve month period. To assist
the reader in understanding and assessing changes and trends as they relate to
the financial and operational results of the Company, the nine months ended
December 31, 2011 has been included for comparative purposes. The twelve months
ended March 31 2012 results have also been included for reference.




                     Three        Three        Nine         Nine      Twelve
                    months       months      months       months      months
                     ended        ended       ended        ended       ended
                  December     December    December     December            
                        31           31          31           31    March 31
In thousands                                                                
 of dollars           2012         2011        2012         2011        2012
----------------------------------------------------------------------------
                                                                            
Revenue        $    16,126  $    21,537 $    49,212  $    54,427 $    78,927
----------------------------------------------------------------------------
Adjusted gross                                                              
 margin(1)     $     5,666  $     8,313 $    17,237  $    19,954 $    28,993
----------------------------------------------------------------------------
EBITDAS(1)     $     1,880  $     4,375 $     4,373  $     9,146 $    13,683
----------------------------------------------------------------------------
                                                                            
Net income                                                                  
 (loss) before                          $                                   
 tax           $      (672) $     1,615      (3,064) $     1,731 $     4,104
Per common                                                                  
 share - basic $     (0.03) $      0.08 $     (0.17) $      0.09 $      0.20
----------------------------------------------------------------------------
Per common                                                                  
 share -                                $                                   
 diluted       $     (0.04) $      0.08       (0.17) $      0.09 $      0.19
----------------------------------------------------------------------------
Deferred taxes                                                              
 included in                                                                
 cash flow                                                                  
 before                                                                     
changes in                                                                  
 non-cash                                                                   
 working                                $                                   
 capital items $       251  $         -       1,143  $         - $         -
----------------------------------------------------------------------------
Cash flow,                                                                  
 before                                                                     
 changes in                                                                 
 non-cash                                                                   
 working                                                                    
capital items                                                               
 (1)           $     1,738  $     4,479 $     4,231  $     9,098 $    13,542
----------------------------------------------------------------------------
Cash flow                                                                   
 from/(used                                                                 
 in),                                   $                                   
 operating                                                                  
 activities    $       322  $     1,033       6,515  $     7,773 $    10,992
----------------------------------------------------------------------------
(1)See definition within the Non-IFRS Measures section of this press        
release.                                                                    



OUTLOOK

Capital spending will be minimized and management's focus will be on improving
service delivery, cost management and improving utilization and sales.


Enseco is currently increasing its sales presence both in Canada and the USA to
better position itself for 2013.


USA Production Testing efforts have resulted in an extension of work from a
major client as well as the attraction of new clients, diversifying our client
base.


Enseco continues to develop strategies for the growth of all four divisions,
balancing directional drilling and production testing revenues as well as USA
and Canadian revenues to provide maximum utilization of its resources.


Management continues to carefully monitor industry activity levels in North
America to ensure equipment and manpower are positioned to provide sustainable
equipment utilization rates given the current volatility in commodity prices,
increased competition and decreased activity levels.


Enseco is pleased with the implementation of its corporate capital and
operations strategy, which has resulted in service quality, rental reduction and
cost monitoring improvements.


With the engineering improvements and reductions in rebuild times now available
through Enseco's motor repair facility, it is expected that the Company's rental
requirements and repair costs will continue to remain low even as activity
grows. The motor repair facility was able to repair 50% of the motor fleet
through most of the quarter and increased its ability to 80% by year end.


Management believes that activity levels in Canada will continue to be
constrained throughout much of 2013, but are cautiously optimistic that they
will be able to improve the adjusted gross margin and EBITDAS through continued
engineering improvements, internal repairs, and reduction of reliance on rental
equipment.


The Company expects increased activity from its USA operations based on
indications from Enseco's clients.


FILINGS

Enseco has filed with Canadian securities regulatory authorities its audited
consolidated financial statements for the nine months ending December 31, 2012
and accompanying management's discussion and analysis ("MD&A"). These filings
are 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 press release constitute
forward-looking information, including, but not limited to: statements
concerning Enseco's future business strategy, marketing and other plans;
expectations regarding future revenues, gross margins, EBITDAS, cash flow,
improved efficiencies, cost reductions, expectations regarding the benefits to
be obtained from Enseco's training facility; plans to enhance service capability
and quality; expectations regarding future rental and repair costs, and other
financial results; plans to increase the Company's sales presence; expectations
regarding resource play drilling activity levels and drilling programs; general
industry and operating conditions, expectations regarding future utilization
rates and demand for the Company's services; future geographical and product
focus; future capital expenditures. 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 press release are expressly qualified, in their entirety, by this
cautionary statement.


The information and statements contained in this press 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", "m ay", "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, 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 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 press 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 press release in order to provide
shareholders with 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 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.


NON-IFRS MEASURES

EBITDAS means earnings before interest, taxes, depreciation and amortization,
and stock-based compensation and is equal to earnings before income taxes from
continuing operations plus interest on debt, other charges and interest expense,
depreciation and amortization, stock-based compensation, unrealized foreign
exchange loss, and loss on sale of equipment. Adjusted gross margin from
continuing operations equals gross margin, plus interest on debt, other charges
and interest expense, depreciation and amortization, stock-based compensation,
impairment loss/recovery, and loss on sale of equipment. Cash flow means cash
flows provided by continuing operations before changes in non-cash working
capital items.


EBITDAS, adjusted gross margin from continuing operations, and cash flows from
continuing operations before changes in non-cash working capital items are not
recognized measures under International Financial Reporting Standards ("IFRS").
Management believes that in addition to net losses, EBITDAS and cash flows, are
useful supplemental measures as they provide an indication of the results
generated by the Company's primary business activities prior to consideration of
how those activities are financed, amortized or how the results are taxed in
various jurisdictions as well as the cash generated by the Company's primary
business activities. Readers should be cautioned, however, that EBITDAS and cash
flows from continuing operations before changes in non-cash working capital
items should not be construed as an alternative to net losses determined in
accordance with IFRS as an indicator of Enseco's performance. Enseco's method of
calculating operating losses, EBITDAS and cash flows from continuing operations
before changes in non-cash working capital items may differ from other
organizations and, accordingly, such measures may not be comparable to measures
used by other organizations. For reconciliation to the appropriate IFRS measure,
see our MD&A.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Enseco Energy Services Corp.
Kent Devlin
CEO
403-806-0088


Enseco Energy Services Corp.
Blair Layton
CFO
403-806-0088
[e-mail]