Total Energy Services Inc.
TSX : TOT

Total Energy Services Inc.

January 15, 2010 12:05 ET

Total Energy Services Inc. Establishes $90 Million Credit Facility

CALGARY, ALBERTA--(Marketwire - Jan. 15, 2010) - Total Energy Services Inc. (TSX:TOT) ("Total") is pleased to announce that it has entered into a $90 million revolving credit facility agreement (the "Syndicated Credit Facility") with a syndicate of Canadian chartered banks. The Syndicated Credit Facility replaces Total's previous $65 million credit facilities and has been utilized to repay approximately $41 million owing under the previous credit facilities. The remaining availability may be used for acquisitions and growth expenditures, working capital and general corporate purposes.

Total is a growth oriented energy services corporation involved in contract drilling services, drilling and production rentals and natural gas compression equipment fabrication, sales, rental and service. The common shares of Total are listed and trade on the TSX under the symbol "TOT".

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

Contact Information