Vance Milligan Named Director of Tesco Corporation

Trading Symbol: "TESOF" on NASDAQ "TEO" on TSX 


CALGARY, Feb. 27  /PRNewswire-FirstCall/ -- Tesco Corporation ("TESCO") today announced that Mr. Raymond Vance Milligan, Q.C. of Calgary, Alberta has been appointed to the Board of Directors of TESCO effective February 27, 2006. Mr. Milligan is a senior partner with the law firm of Bennett Jones, LLP in the Corporate/Commercial Department. Mr. Milligan has served on a number of boards including Newalta Income Fund, Berens Energy Ltd., Hunt Oil Canada Acquisition Corporation and Newfoundland Hunt Oil Company Inc. Prior to their subsequent acquisitions, Mr. Milligan was also an officer of a number of public companies, including Anderson Exploration Ltd., Stellarton Energy Corporation, Grad & Walker Energy Corporation and Atlantis Resources Ltd.

Tesco Corporation is a global leader in the design, manufacture and service of technology based solutions for the upstream energy industry. The Corporation's mandate is to change the way people drill wells by delivering safer and more efficient solutions that add real value by reducing the costs of drilling for and producing oil and gas.

FORWARD-LOOKING STATEMENTS

This presentation contains statements that may constitute "forward- looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. These statements include, among others, statements regarding expectations of future revenues, activities, capital expenditures and earnings and technical results. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the background risks of the drilling services industry (e.g. operational risks; potential delays or changes in plans with respect to customers' exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to levels of rental activities; uncertainty of estimates and projections of costs and expenses; risks in conducting foreign operations (e.g. political and fiscal instability) and exchange rate fluctuations); uncertainty and risks in technical results and performance of technology; and other uncertainties. 

DATASOURCE: Tesco Corporation



CONTACT: Mike Kearney at [phone], Tesco Corporation;

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