Enseco Energy Services Corp. Announces Results for the Three Months Ended December 31, 2010

Enseco Energy Services Corp. ("Enseco" or the "Company") (TSX VENTURE:ENS)
announces its third quarter financial results for the three and nine months
ended December 31, 2010. The unuadited financial statements and notes, as well
as management 's discussion and analysis are available on Enseco's profile on
SEDAR at www.sedar.com.


RESOURCE PLAYS CONTINUE GROWTH

Enseco continues its rapid growth and profitability in the North American
resource plays. The Company repositioned itself in 2010 as a directional
drilling led company focusing on oil and liquid resource plays. Activity and
fundamentals in oil and liquid related resource plays continue to strengthen.
Improved pricing and utilizations are expected to continue through 2011.   




--  Continued strong, focused growth in Saskatchewan, Alberta, North Dakota
    and Wyoming resource play basins     
    
--  Quarterly revenue increased 187% to $20.0 million over the same quarter
    in the prior year
    
--  Quarterly gross margin increased 1374% to $6.5 million over the same
    quarter in the prior year
    
--  Quarterly EBITDA increased to $2.6 million from $(1.0) million in the
    prior year
    
--  The Company has continued to grow it's resource play specific assets as
    it focuses on its two core businesses, directional drilling and flowback
    production testing
    

RESULTS FROM OPERATIONS                                                     
                                                                            
                                             Three months ended December 31,
                                                       2010            2009
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Revenue from continuing operations (2)         $     20,009     $     6,962
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Gross margin from continuing operations (1)           6,544     $       443
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EBITDA from continuing operations (1)                 2,596     $    (1,009)
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Operating loss                                          (55)    $    (3,507)
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Net income (loss) from continuing                                           
 operations                                          (3,278)    $    (3,527)
  Per common share - basic and diluted                (0.02)    $     (0.05)
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Net loss from discontinued operations                     -     $    (1,801)
  Per common share - basic and diluted                (0.00)    $     (0.03)
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Total net income (loss)                              (3,278)    $    (5,328)
  Per common share - basic and diluted                (0.02)    $     (0.08)
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Cash flow from/(used in) continuing                                         
 operations, before changes in                                              
non-cash working capital items (1)                    1,520     $    (2,525)
Cash flow from/(used in) continuing                                         
 operations, after changes in non-                                          
cash working capital items                           (2,087)    $    (3,204)
Cash flow from/(used in) discontinued                                       
 operations (1)                                           -     $      (550)
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(1)See definition within the Non-GAAP Measures section of this press release

(2)Revenues from discontinued operations were $nil for the period (Q3 2010 -
$777 thousand)


OUTLOOK

Enseco's third quarter results continue to reflect the implementation of the
Company's strategy of focusing on key resource plays in North America by growing
its directional drilling and production testing businesses for which demand in
the resource plays continues to increase.


The outlook for Enseco's operation continues to be very favorable. The
significant increase in horizontal multi-stage fracturing operations in North
American resource plays continue to create a growing market for the
Corporation's services. Resource play drilling in both Canada and the United
States have led to record levels of horizontal drilling activity. Currently,
over 75% of Enseco's total revenue is related to oil/liquids operations.
Activity in the North Dakota and Saskatchewan Bakken, Cardium, Montney and
additional oil/liquid reservoirs in the Western Canadian Sedimentary Basin is
expected to continue to be strong through 2011.


Drilling operations continue to push technical and operational boundaries,
Enseco is developing a MWD electronics laboratory, in their existing Leduc
facility, that will allow MWD tools to be assembled, serviced, repaired and
calibrated in house. This strategy will lower repair costs and the time that
equipment is down for repair and will have a significant positive impact on
directional drilling margins going forward. This laboratory is expected to be
operational in April, 2011.


Enseco's production testing divisions posted record quarterly revenues and
EBITDA, and will continue to expand as demand for testing services increases.


We are pleased with the results of our efforts to refocus the Company and look
forward to reporting increasingly stronger financial results in the upcoming
quarters.


ABOUT ENSECO

Enseco is a premier supplier of directional drilling and production testing
services operating throughout the Western Canadian Sedimentary Basin and select
markets in the United States, with operations in the Montney, Cardium, Viking,
Bakken, Green River and Eagle Ford resource plays as well as a corporate and
sales office located in Calgary. Enseco is led by an experienced management team
with a focus on continued value creation through accretive acquisitions and
organic growth.


FORWARD-LOOKING STATEMENTS

Certain information and statements contained in this press release constitute
forward-looking information, including, without limitation, expectations
regarding Enseco's plans to continue to significantly expand its business into
2011; expectations regarding the impact of the Company's larger fleet and
anticipated pricing on the Company's future financial results; expectations
regarding industry conditions, including continued growth in oil and liquid
resource plays and anticipated resource play drilling activity levels and
drilling programs; expectations regarding future utilization rates and demand
for the Company's services; Enseco's plans with respect to a MWD electronics lab
and the timing of having it operational; anticipated declines in repair costs
and the impact of such declines on the Company's financial results; anticipated
growth in the Company's directional drilling and production testing businesses;
expectations regarding future revenues, costs, EBITDA, profit margins and
financial results; and Enseco's ongoing focus, strategy, and business plans,
which are provided by management to enable investors to better understand our
business, and such information may not be appropriate for other purposes. These
forward- looking statements are based upon the opinions, expectations and
estimates of management as at the date the statements are made including the
Company's current budget (which is subject to change), expectations regarding
the Company's ability to continue its operations, the continued support of the
Company's lender and the Company's ability to raise additional equity,
expectations relating to future economic and operating conditions and statements
relating to Enseco's marketing, operational and business plans, the competitive
environment and opinions of third- party analysts respecting anticipated
economic and operating conditions. 


These forward-looking 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. Such factors include, but are not limited to, fluctuations in the
market for oil and gas and related products and services, political and economic
conditions, the demand for services provided by Enseco, industry competition and
Enseco's ability to attract and retain both customers and key personnel and the
Company's ability to continue its operations, the continued support of the
Company's lender and Enseco's ability to raise additional equity. Enseco has
made assumptions regarding, but not limited to, commodity prices, foreign
exchange rates, interest rates, the availability of skilled labour, and the
timing and amount of capital expenditures. Readers are cautioned that the
assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements. Enseco's
actual results, performance or achievement could differ materially from those
expressed in, or implied by, these forward-looking statements, or if any of them
do so, what benefits that Enseco will derive therefrom. Enseco disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by law.


NON-GAAP MEASURES

Operating loss are losses before loss on disposal of equipment, income taxes,
and discontinued operations. EBITDA means earnings before interest, taxes,
depreciation and amortization and is equal to earnings before income taxes from
continuing operations plus interest on debt, other interest expense,
depreciation and amortization, restructuring charges and loss on sale of
equipment. Cash flow means cash flows provided by continuing operations before
changes in non-cash working capital items. Gross margin is calculated as
revenues less operating expenses. Operating losses, EBITDA, cash flow, and gross
margin are not recognized measures under Canadian generally accepted accounting
principles ("GAAP"). Management believes that in addition to net losses,
operating losses, EBITDA, cash flow, and gross margin 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 operating losses, EBITDA, cash flow and gross
margin should not be construed as an alternative to net losses determined in
accordance with GAAP as an indicator of Enseco's performance. Enseco's method of
calculating operating losses, EBITDA, cash flow and gross margin may differ from
other organizations and, accordingly, operating losses, EBITDA, cash flow and
gross margin may not be comparable to measures used by other organizations.