Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd.

November 04, 2005 17:22 ET

Wenzel Downhole Tools Ltd. Announces Alberta Securities Commission Revokes its Cease Trade Order

CALGARY, ALBERTA--(CCNMatthews - Nov. 4, 2005) - Wenzel Downhole Tools Ltd. (TSX:WZL) (Wenzel or the Company) is pleased to announce the Alberta Securities Commission revoked its order ceasing trading in the Company's securities. The Company is in the process of applying to the British Columbia Securities Commission and the Ontario Securities Commission for orders revoking their cease trade orders, as well as to the Toronto Stock Exchange to have the Company's shares commence trading again.

Wenzel Downhole Tools Ltd. is an Alberta based company that designs, manufactures and supplies drilling tools to both the oil and gas and the utility construction markets. The Company has offices in Edmonton, Calgary, Texas, Wyoming and Barbados.

The Company is listed on the TSX but is not trading due to the cease trading order disclosed in news releases dated March 23, 2004 and April 5, 2004.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Wenzel Downhole Tools Ltd.
    Harvie Andre
    President and Chief Executive Officer
    (403) 205-6696
    Wenzel Downhole Tools Ltd.
    Ron Dooley
    Chief Financial Officer
    (403) 205-6696
    (403) 265-8154 (FAX)