Technicoil Corporation
TSX : TEC

Technicoil Corporation

November 15, 2006 18:25 ET

Technicoil Announces Issue of Options

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2006) -

NOT FOR DISTRIBUTION INTO THE UNITED STATES OR TO UNITED STATES WIRE SERVICES

Technicoil Corporation (TSX:TEC) ("Technicoil" or the "Corporation") has granted 525,000 stock options to certain officers and employees of the Corporation under its recurring annual stock option grant compensation program. As per the Corporation's approved stock option plan, the options have been priced at the five day weighted average trading price of $1.28. These options vest equally over three years and expire on their fifth anniversary.

Technicoil, utilizing patented coil tubing equipment and innovative technology, supplies drilling and service operations to the oil and gas industry in North America.

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