Wenzel Downhole Tools Ltd.
TSX : WZL

Wenzel Downhole Tools Ltd.

November 04, 2011 18:39 ET

Wenzel Downhole Tools Ltd. Announces Entering Into Shareholder Rights Agreement

CALGARY, ALBERTA--(Marketwire - Nov. 4, 2011) -

Not for distribution to U.S. News Wire Services or for dissemination in the United States

Wenzel Downhole Tools Ltd. ("Wenzel") (TSX:WZL) announces today that it has entered into a shareholder rights agreement with Basin Holdings US LLC, a copy of which is available under Wenzel's profile on System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd. is a manufacturer, seller and renter of drilling tools used in oil and gas exploration. Wenzel's Canadian sales, manufacturing and servicing facilities are located in Edmonton, Alberta and its U.S. servicing facilities are located in Conroe, Texas and Casper, Wyoming. Wenzel's main corporate office is located in Calgary, Alberta and it has U.S. sales offices in Conroe, Casper and Oklahoma City, Oklahoma.

Contact Information

  • Wenzel Downhole Tools Ltd.
    Harvie Andre
    President & CEO
    (403) 262-3050
    (403) 265-8154 (FAX)

    Wenzel Downhole Tools Ltd.
    William Spence
    CFO
    (403) 262-3050
    (403) 265-8154 (FAX)

    Wenzel Downhole Tools Ltd.
    Suite 1000, Elveden House
    717 - 7th Avenue S.W.
    Calgary, Alberta T2P 0Z3
    www.downhole.com