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Trican and GeoTomo Form A Partnership to Offer Integrated Microseismic Services

Trican and GeoTomo Form A Partnership to Offer Integrated Microseismic Services 
CALGARY, ALBERTA -- (Marketwired) -- 04/02/13 -- Trican Well Service
Ltd. (TSX:TCW) ("Trican") and GeoTomo LLC ("GeoTomo") are pleased to
announce that they have formed Trican GeoTomo Microseismic Ltd.
("TGML"). TGML provides microseismic services to oil and gas
producers by integrating Trican's extensive experience in hydraulic
fracturing engineering and GeoTomo's unique geophysical software
capabilities.  
TGML takes fracture mapping to a level that we believe is currently
unavailable in the marketplace, offering the acquisition, processing,
visualization and interpretation of microseismic data during
hydraulic fracturing operations. This offering is the result of a new
software package called MiVu(TM), which is capable of performing
microseismic model building, survey optimization, data processing,
event imaging, quality control, and visualization with advanced
geophysical technologies and high-performance commercial software
graphics utilities.  
TGML will use MiVu's full 3-Dimensional (3D) capabilities with 3D
visualization tools referencing surface seismic, borehole data, 3D
velocity modelling, 3D tomographic inversion, 3D structures and
faults, which are integrated with Trican's extensive fracturing and
reservoir knowledge and experience with the goal of optimizing
fracture design.  
MiVu is expected to enable users to locate microseismic events
generated by a fracture treatment using up to five (5) different
techniques. TGML leverages the MiVu advancements in geophysical
software and Trican's notable depth of experience in geological and
pressure pumping services to offer customized solutions that are
expected to match the uniqueness of a given well. We believe these
customized solutions should provide a highly accurate view of a
customer's fracture network which should assist the producer in
determining optimal fracture performance with the expectation that
production from future wells in the reservoir should improve. The
integration of one or several of MiVu's processing capabilities with
fracture models, as well as the analysis of experienced
geophysicists, geologists, and fracturing and reservoir experts,
should result in customers receiving an unparalleled interpretation
of their reservoir and should optimize the completion of the
reservoir.  
TGML is ready to begin working with customers to offer MiVu's
advanced subsurface view and analysis of their reservoirs, and
expects to deliver results beyond current expectations.  
Headquartered in Calgary, Alberta, Trican has operations in Canada,
the United States, Russia, Kazakhstan, Australia and Norway. Trican
provides a comprehensive array of specialized products, equipment and
services that are used during the exploration and development of oil
and gas reserves.   
GeoTomo develops high-end geophysical software products that help
geophysicists around the world to image beneath the subsurface. Oil
and gas companies use GeoTomo's software solutions to significantly
reduce the risk and cost of finding and producing hydrocarbons.
GeoTomo has offices in Houston, Texas, Beijing, China. 
FORWARD-LOOKING INFORMATION  
This document contains information that constitutes forward-looking
information within the meaning of applicable securities legislation.
This forward-looking information 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 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 includes: 


 
--  TGML takes fracture mapping to a level that we believe is currently
    unavailable in the marketplace;  
--  MiVu(TM) is capable of performing microseismic model building, survey
    optimization, data processing, event imaging, quality control, and
    visualization with advanced geophysical technologies and high-
    performance commercial software graphics utilities; 
--  The goal of optimizing fracture design 
--  MiVu is expected to enable users to locate microseismic events generated
    by a fracture treatment using up to five (5) different techniques; 
--  TGML leverages the MiVu advancements in geophysical software and
    Trican's notable depth of experience in geological and pressure pumping
    services to offer customized solutions that are expected to match the
    uniqueness of a given well; 
--  The belief that these customized solutions should provide a highly
    accurate view of a customer's fracture network which should assist the
    producer in determining optimal fracture performance with the
    expectation that production from future wells in the reservoir should
    improve; 
--  The integration of one or several of MiVu's processing capabilities with
    fracture models, as well as the analysis of experienced geophysicists,
    geologists, and fracturing and reservoir experts, should result in
    customers receiving an unparalleled interpretation of their reservoir
    and should optimize the completion of the reservoir; and 
--  TGML is ready to begin working with customers to offer MiVu's advanced
    subsurface view and analysis of their reservoirs, and expects to deliver
    results beyond current expectations. 

 
Forward-looking information is based on current expectations,
estimates, projections and assumptions, which we believe are
reasonable but which may prove to be incorrect and therefore such
forward-looking information 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 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:
customers' completion of expected work programs; 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, and
TGML's successful performance under contracts. In addition, actual
results could differ materially from those anticipated in the
forward-looking information provided herein as a result of the risk
factors set forth under the section entitled "Risk Factors" in
Trican's Annual Information Form dated March 21, 2013.
Contacts:
Trican GeoTomo Microseismic Ltd.
David Dushman
Trican Manager, Microseismic
microseismic@trican.ca 
Trican GeoTomo Microseismic Ltd.
James C. Jackson
President, GeoTomo LLC
james.jackson@geotomo.com
www.geotomo.com 
Trican Well Service Ltd.
Dale Dusterhoft
Chief Executive Officer
ddusterhoft@trican.ca 
Trican Well Service Ltd.
Michael Baldwin
Vice President, Finance & CFO
mbaldwin@trican.ca 
Trican Well Service Ltd.
Gary Summach
Director of Reporting and Investor Relations
gsummach@trican.ca 
Trican Well Service Ltd.
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8
(403) 266-0202
(403) 237-7716 (FAX)
www.trican.ca