Essential Energy Services Announces A Normal Course Issuer Bid and an Automatic Share Purchase Plan

Essential Energy Services Announces A Normal Course Issuer Bid and an Automatic 
Share Purchase Plan 
CALGARY, ALBERTA -- (Marketwire) -- 03/20/13 -- Essential Energy
Services Ltd.  (TSX:ESN) ("Essential") announced today that it has
received approval from the Toronto Stock Exchange (the "TSX") to
implement a normal course issuer bid ("NCIB") for Essential common
shares ("Shares"). Any Share purchases by Essential pursuant to the
NCIB will be for cancellation.  
Under the NCIB, Essential may purchase up to 12,182,508 of its issued
and outstanding Shares on the open market through the facilities of
the TSX, representing 10 percent of the public float. Essential has
124,021,468 Shares issued and outstanding. As required by TSX policy,
the maximum number of Shares that may be purchased on one day may not
exceed 56,113 Shares, which is 25 percent of the six month average
daily trading volume of Shares on the TSX, at February 28, 2013. The
price which Essential will pay for any Shares purchased will be the
prevailing market price of such Shares on the TSX at the time of
purchase.  
The NCIB will commence on March 25, 2013, and will terminate on March
24, 2014 or at such earlier date as the NCIB is completed or
terminated at the option of Essential. 
Essential plans to enter into an Automatic Share Purchase Plan
("ASPP") with a broker for the purpose of buying Shares through
Essential's regularly scheduled blackout periods. Such purchases will
be determined by the broker in its sole discretion, based on
parameters that are established by Essential prior to any blackout
period. All other purchases under the NCIB will be at the discretion
of Essential. 
The Board of Directors believes that the Shares currently trade in a
price range that does not adequately reflect the underlying value of
Essential's assets and operations. As a result, Essential believes
that the purchase of its outstanding Shares is an attractive
investment. In addition, the Board of Directors may use the NCIB to
offset the dilutive effects of the exercise of share options granted
by Essential under the share option plan. 
ABOUT ESSENTIAL  
Essential is a growth-oriented, dividend paying corporation that
provides oilfield services to producers in western Canada for
producing wells and new drilling activity. Essential operates the
largest coil tubing well service fleet in Canada with 46 coil tubing
rigs and a fleet of 55 service rigs. Essential also sells, rents and
services downhole tools and equipment including the Tryton
Multi-Stage Fracturing System. Further information can be found at
www.essentialenergy.ca. 
The TSX has neither approved nor disapproved the contents of this
press release. 
Contacts:
Essential Energy Services Ltd.
Garnet K. Amundson
President and CEO
(403) 513-7272
service@essentialenergy.ca 
Essential Energy Services Ltd.
Jeff B. Newman
Chief Financial Officer
(403) 513-7272
service@essentialenergy.ca 
Essential Energy Services Ltd.
Karen Perasalo
Investor Relations
(403) 513-7272
service@essentialenergy.ca
www.essentialenergy.ca
 
 
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