Enseco Energy Services Corp.

Enseco Energy Services Corp.

January 16, 2008 18:43 ET

Enseco Energy Services Corp. Announces Reclassification of Its Non-Voting Shares

CALGARY, ALBERTA--(Marketwire - Jan. 16, 2008) - Enseco Energy Services Corp. (TSX VENTURE:ENS) ("Enseco") is pleased to announce that it has completed an amendment to its articles to reclassify its non-voting shares into common shares on a one for one basis and to remove the non-voting shares from its authorized share capital (the "Reclassification"). The Reclassification, which was approved by Enseco's shareholders at the annual and special shareholder's meeting held on January 15, 2008, has resulted in 2,750,000 non-voting shares being cancelled and the corresponding 2,750,000 common shares becoming issued and outstanding. A letter of transmittal, which will enable non-voting shareholders to obtain a certificate representing common shares, will be mailed to former holders of non-voting shares shortly.

Enseco is an emerging supplier of energy related services operating throughout the Western Canadian Sedimentary Basin with operational centres in Red Deer, Whitecourt, Edmonton, Beaverlodge, Grande Prairie, and Fort St. John, as well as corporate and sales offices located in Calgary. Enseco is led by an experienced management team currently offering well swabbing, production testing, cased hole logging, perforating and propellant stimulation services and directional drilling services with a focus on continued value creation through accretive acquisitions and organic growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Enseco Energy Services Corp.
    David A. Hawkins
    President and CEO
    (403) 806-0088
    Enseco Energy Services Corp.
    Aly Khan Musani
    Senior Vice President and CFO
    (403) 806-0088