Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd.

March 01, 2005 18:46 ET

Wenzel Downhole Tools Announces Appointment of CFO


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WENZEL DOWNHOLE TOOLS LTD.

TSX SYMBOL: WZL

MARCH 1, 2005 - 18:46 ET

Wenzel Downhole Tools Announces Appointment of CFO

CALGARY, ALBERTA and EDMONTON, ALBERTA--(CCNMatthews - March 1, 2005) -
Wenzel Downhole Tools Ltd. (TSX:WZL) ("Wenzel" or the "Company") is
pleased to announce the appointment of Ron Dooley as the Company's new
Chief Financial Officer as of March 1,2005.

Mr. Dooley holds a degree in Engineering from the University of Alberta
and an MBA from the Ivey School at the University of Western Ontario.
With over 30 years in senior management roles in the Canadian Oil and
Gas Industry and with a Canadian Chartered Bank in Canada and New York,
Mr. Dooley brings valuable business experience in corporate finance,
general management, strategic business planning and development,
corporate and international banking.

Harvie Andre, President of the Company said,

"We are fortunate to have a person with a vast background in corporate
finance and great accounting experience and credentials to help the
coming move forward at this critical time".

Mr. Scott Hamilton's position as the Company's Chief Financial Officer
of the Company terminated effective February 28, 2005.

The Corporation is a public company whose shares trade on The Toronto
Stock Exchange under the symbol "WZL".

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Wenzel Downhole Tools Ltd.
    Harvie Andre
    President and C.E.O.
    (403) 205-6696
    or
    Wenzel Downhole Tools Ltd.
    Ron Dooley
    Chief Financial Officer
    (403) 205-6696
    (403) 265-8154 (FAX)
    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.