Total Energy Services Inc.
TSX : TOT

Total Energy Services Inc.

August 18, 2009 12:14 ET

Total Energy Services Inc. Announces Rig Contract Buyout

CALGARY, ALBERTA--(Marketwire - Aug. 18, 2009) - Total Energy Services Inc. ("Total") (TSX:TOT) announces that its contract drilling division, Chinook Drilling, has received $0.9 million in consideration of the termination of a one year contract on its newly constructed fourteenth drilling rig. This 3,400 meter telescopic double rig, complete with top drive, was under a take or pay contract to July 2010. Chinook Drilling is now able to market this rig and preliminary indications are that interest in this rig is strong.

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.

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