Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd.

January 19, 2006 18:58 ET

Wenzel Downhole Tools Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - Jan. 19, 2006) - Further to the news release issued December 22, 2005, Wenzel Downhole Tools Ltd. (TSX:WZL) announces that it has

- filed restated management discussion and analysis for the nine months ended September 30, 2005 to provide a more in-depth analysis of its operations including a discussion of quarterly and annual trends as required by Form 51-102F1 Management Discussion and Analysis, and

- refiled its 2004 annual financial statements to correct the amount reported for depreciation expense in Note 5 from $4,731,696 to $4,977,838.

- These have been filed on SEDAR at www.sedar.com

The Company is continuing to work with the Ontario Securities Commission and the British Columbia Securities Commission to complete the cease trade revocation process.

The Company is listed on the TSX but is not trading due to the cease trade 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 CEO
    (403) 205-6696
    (403) 265-8154 (FAX)
    Wenzel Downhole Tools Ltd.
    Ron Dooley
    Chief Financial Officer
    (403) 205-6696
    (403) 265-8154 (FAX)