Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd.

April 20, 2007 14:58 ET

Wenzel Downhole Tools Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - April 20, 2007) - Wenzel Downhole Tools Ltd. ("WZL") (TSX:WZL) announces that Mr. William T. Spence, CA, LLB, has been appointed as CFO of the Company, replacing Mr. Ron Dooley who is leaving the Company after two years as CFO. The Company appreciates the role played by Mr. Dooley in restoring the Company to trading on the TSX and strengthening the financial situation of the Company.

Incoming CFO, William Spence, Barrister & Solicitor and Chartered Accountant has been a consultant to the Company for the past six months and thus, in addition to his professional qualifications, takes on these new responsibilities with considerable knowledge of the Company and its financial administration. Wenzel Downhole Tools Ltd. is very pleased to have Bill become a full time member of its team.

About Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd. is a manufacturer, seller and renter of drilling tools used in oil and gas exploration. In Canada the company has its manufacturing and servicing facilities located in Edmonton, Alberta and its corporate offices in Calgary, Alberta. Its U.S. headquarters and service facilities are in Conroe, Texas, with a service and sales office in Caspar, Wyoming and a sales office in Oklahoma City, Oklahoma.

Wenzel Downhole Tools Ltd. is listed for trading on the Toronto Stock Exchange, symbol WZL.

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)
    Website: www.downhole.com