Trican Announces Its 2013 Capital Budget

Trican Announces Its 2013 Capital Budget 
CALGARY, ALBERTA -- (Marketwire) -- 12/06/12 -- Trican Well Service
Ltd.  (TSX:TCW) ("Trican" or "the Company") is pleased to announce
that the Board of Directors has approved a 2013 capital budget of
$32.3 million. This capital budget is directed at maintaining
Trican's global equipment fleet and infrastructure and is reflective
of Trican's commitment to providing high quality equipment and
service to our customers around the world. Given the current
operating environment in all of our key regions, minimal expansion
capital initiatives have been included in the 2013 capital budget.
Trican will continue to closely monitor its capital program and make
any necessary modifications as greater visibility is obtained
throughout 2013. 
Additional information regarding Trican including Trican's most
recent Annual Information Form is available under Trican's profile on
SEDAR (www.sedar.com). 
Headquartered in Calgary, Alberta, Trican has operations in Canada,
the United States, Russia, Kazakhstan, Australia and North Africa.
Trican provides a comprehensive array of specialized products,
equipment and services that are used during the exploration and
development of oil and gas reserves. 
FORWARD-LOOKING INFORMATION 
This document contains information that constitutes forward-looking
information and financial outlook within the meaning of applicable
securities legislation. This forward-looking information and
financial outlook is identified by the use of terms and phrases such
as "anticipate," "achieve", "achievable," "believe," "estimate,"
"expect," "intend", "plan", "planned", and other similar terms and
phrases. This outlook and information speaks only as of the date of
this document and we do not undertake to publicly update the
forward-looking information contained in this document except in
accordance with applicable securities laws. This forward-looking
information and financial outlook includes: 


 
--  Expectation that the 2013 capital budget will be $32.3 million; 
--  Expectation that Trican will make any necessary modifications to the
    2013 capital budget as greater visibility is obtained throughout 2013. 

 
Forward-looking information and financial outlook is based on current
expectations, estimates, projections and ass
umptions, which we
believe are reasonable but which may prove to be incorrect and
therefore such forward-looking information and financial outlook
should not be unduly relied upon. In addition to other factors and
assumptions which may be identified in this document, assumptions
have been made regarding, among other things: industry activity; the
general stability of the economic and political environment; effect
of market conditions on demand for the Company's products and
services; the ability to obtain qualified staff, equipment and
services in a timely and cost efficient manner; the ability to
operate its business in a safe, efficient and effective manner; the
performance and characteristics of various business segments; the
effect of current plans; the timing and costs of capital
expenditures; future oil and natural gas prices; currency, exchange
and interest rates; the regulatory framework regarding royalties,
taxes and environmental matters in the jurisdictions in which the
Company operates; and the ability of the Company to successfully
market its products and services.  
Forward-looking information and financial outlook is subject to a
number of risks and uncertainties, which could cause actual results
to differ materially from those anticipated. These risks and
uncertainties include: fluctuating prices for crude oil and natural
gas; changes in drilling activity; general global economic, political
and business conditions; weather conditions; regulatory changes; the
successful exploitation and integration of technology; customer
acceptance of technology; success in obtaining issued patents; the
potential development of competing technologies by market
competitors; and availability of products, qualified personnel,
manufacturing capacity and raw materials. In addition, actual results
could differ materially from those anticipated in the forward-looking
information and financial outlook provided herein as a result of the
risk factors set forth under the section entitled "Risk Factors" in
our Annual Information Form dated March 22, 2012.
Contacts:
Trican Well Service Ltd.
Dale Dusterhoft
Chief Executive Officer
(403) 266-0202
(403) 237-7716 (FAX)
ddusterhoft@trican.ca 
Trican Well Service Ltd.
Michael Baldwin
Vice President, Finance & CFO
(403) 266-0202
(403) 237-7716 (FAX)
mbaldwin@trican.ca 
Trican Well Service Ltd.
Gary Summach
Director of Reporting and Investor Relations
(403) 266-0202
(403) 237-7716 (FAX)
gsummach@trican.ca 
Trican Well Service Ltd.
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8
www.trican.ca
 
 
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