Wenzel Downhole Tools Ltd.
TSX : WZL

Wenzel Downhole Tools Ltd.

February 16, 2010 07:30 ET

Wenzel Downhole Tools Announces New Appointment

CALGARY, ALBERTA--(Marketwire - Feb. 16, 2010) - Wenzel Downhole Tools Ltd. (TSX:WZL) ("WZL" or the "Company") is pleased to announce that Mr. Ron Patterson has been appointed Vice President of the Company with special responsibility for Marketing, Sales and Business Development. Well known and well respected within the energy services sector, Ron's talent, enthusiasm and nearly twenty years of experience strengthens the Company's ability to continue to provide the highest quality downhole tools to the energy industry. 

The current upswing in drilling activity world wide, plus the increased use of downhole motors needed for directional drilling and the positive reputation of WZL motors has created new opportunities for growth. The skill that Ron brings to the WZL executive team will help ensure that this growth occurs.

About Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd. is a manufacturer, seller and renter of drilling tools used in oil and gas exploration. In Canada the company has its manufacturing and servicing facilities located in Edmonton, Alberta and its corporate offices in Calgary, Alberta. Its U.S. headquarters and service facilities are in Conroe, Texas, with a service and sales office in Caspar, Wyoming and a sales office in Oklahoma City, Oklahoma.

This news release may contain forward-looking information. Actual future results may differ materially from those contemplated. The risks, uncertainties and other factors, both known and unknown, that could influence actual results may be substantial and include those described in documents filed with regulatory authorities, such as the Company's most recently filed Annual Report and Annual Information Form. Accordingly, no assurances 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 the Company will derive therefrom. Please refer to the Company's public disclosure documents for more information on these risks and uncertainties as they apply to the Company.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY AND ACCURACY OF THIS NEWS RELEASE

Contact Information

  • Wenzel Downhole Tools Ltd.
    Harvie Andre
    President and CEO
    (403) 262-3050
    (403) 265-8154 (FAX)
    or
    Wenzel Downhole Tools Ltd.
    William T. Spence
    Chief Financial Officer
    (403) 262-3050
    (403) 265-8154 (FAX)
    www.downhole.com