Total Energy Services Inc.

Total Energy Services Inc.

September 14, 2010 09:01 ET

Total Energy Services Inc. Plans to Repurchase Shares

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2010) - Total Energy Services Inc. ("Total") (TSX:TOT) announced today that it has filed a Notice with the Toronto Stock Exchange (the "TSX") to undertake a normal course issuer bid that will expire on September 15, 2011. Total has been informed that the TSX has accepted its notice to make the normal course issuer bid. All purchases of common shares (the "Shares") will be effected through the facilities of the TSX and all Shares purchased will be cancelled by Total.

As of September 13, 2010, there were 31,087,115 Shares issued and outstanding. In connection with the normal course issuer bid, Total may purchase up to 1,554,356 Shares, being 5% of the total number of outstanding Shares, during the period from September 16, 2010 to September 15, 2011, subject to a maximum daily purchase limit of 14,180 Shares based on an average daily trading volume for the last six calendar months of 56,721 Shares.

From time to time, purchases of Shares may be undertaken at prices that represent an attractive investment opportunity for Total. Total expects that the purchase of Shares will benefit the remaining shareholders of Total by increasing their proportionate equity investment in Total.

On July 17, 2009, Total Energy Services Inc. announced its intention to undertake a normal course issuer bid, which would remain in effect during the 12-month period ending July 20, 2010 (the "Prior Bid"). Under that normal course issuer bid, Total Energy Services Inc. purchased a total of 30,330 Shares, at an average price of $4.28 per Share.

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

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