Enseco Energy Services Corp. Announces Results for the Three and Nine Months Ended September 30, 2013

ENSECO ENERGY SERVICES CORP ("Enseco" or the "Company") (TSX VENTURE:ENS)
announces its financial results for the three and nine months ended September
30, 2013.


Results from Operations



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                                  Three months ended    Nine months ended   
                                     September 30,        September 30,     
($ thousands, except per share                                              
 amounts)                             2013       2012       2013       2012 
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Revenue                          $  17,644  $  19,167  $  41,688  $  57,586 
Adjusted gross margin (1)        $   6,045  $   7,575  $  12,661  $  20,610 
EBITDAS (1)                      $   2,082  $   2,339  $   1,701  $   7,032 
Net income (loss) before tax (1) $     188  $    (253) $  (3,864) $     (18)
  Per common share - basic       $    0.02  $   (0.04) $   (0.16) $   (0.02)
  Per common share - diluted     $    0.02  $   (0.04) $   (0.16) $   (0.03)
Net income (loss)                $     487  $    (865) $  (3,250) $  (1,001)
  Per common share - basic       $    0.02  $   (0.04) $   (0.16) $   (0.02)
  Per common share - diluted     $    0.02  $   (0.04) $   (0.16) $   (0.03)
Cash flow before changes in non-                                            
 cash working capital (1)        $   2,079  $   3,086  $   1,607  $   6,939 
Cash flow from (used in)                                                    
 operating activities            $  (3,381) $    (106) $   4,280  $   9,414 
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(1) See definition within the Non-IFRS Measures section of this press release

Highlights for the three and nine months ended September 30, 2013



--  Enseco's strategy to increase revenue and profitability in its USA
    directional division is gaining traction with the addition of new sales
    and operational personal. Subsequent to the quarter end the Company has
    successfully added several new clients and expects to see a significant
    improvement in the results from this division in the following quarters.
    
--  Enseco is continuing its efforts to minimize costs and improve gross
    margins and EBITDAS. The Company continues to consider all of its
    expenses and to restructure its operations. 
    
--  Enseco continues to focus its capital spending on strategic
    opportunities with the highest return and quickest payback. During this
    period of slower industry activity the Company continues to seek
    opportunities to sell non-standard assets into other markets. 



Outlook

Although Enseco's clients continue to execute on their drilling and completion
programs, capital spending continues to be constrained due to weak capital
markets. 


Management continues to carefully monitor industry activity levels in its
Western Canada and US operating areas to ensure the Company's equipment and
manpower are positioned to provide sustainable equipment utilization rates.


Filings

Enseco has filed with Canadian securities regulatory authorities its unaudited
interim condensed consolidated financial statements for the nine months ending
September 30, 2013 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 Statements

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, focus, marketing and other plans;
expectations regarding future revenues, cash flow, gross margins, EBITDAS, cost
management and other financial results; plans to minimize costs and improve
margins, capital spending and disposition plans, plans to improve utilization
rates and demand for the Company's services, particularly in its USA directional
drilling division; statements as to future economic, industry and operating
conditions, including commodity prices and industry activity levels. 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", "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 Company's ability to obtain the continued
cooperation of its lender, 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. 


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.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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]