Ensign Energy Services And Trinidad Drilling have entered into an amalgamation agreement

Ensign Energy Services Inc. (TSX:ESI) (“Ensign”) and Trinidad Drilling Ltd. (TSX:TDG) (“Trinidad”) announce today that Trinidad has entered into an amalgamation agreement (the “Amalgamation Agreement”) with Ensign Holdings Inc. (“Holdings”), a wholly-owned subsidiary of Ensign, under which Trinidad will amalgamate with Holdings, with the amalgamated entity (“Amalco”) becoming an wholly-owned subsidiary of Ensign (the “Amalgamation”).

The Amalgamation, which is subject to the approval of the holders (the “Trinidad Shareholders”) of common shares of Trinidad (the “Trinidad Shares”), will constitute the subsequent acquisition transaction proposed by Ensign in order to acquire all of the Trinidad Shares that Ensign did not acquire under its offer to purchase all of the outstanding Trinidad Shares (the “Offer”), which expired on December 21, 2018. Ensign acquired an aggregate of 215,831,365 Trinidad Shares under the Offer, representing approximately 78.9% of the number of issued and outstanding Trinidad Shares.

Together with the 26,863,239 Trinidad Shares already owned by Ensign at the time of the Offer and the 1,500,000 Trinidad Shares acquired through ordinary course market purchases on the TSX conducted by Holdings prior to the expiry time of the Offer, Ensign holds an aggregate of 244,194,604 Trinidad Shares, representing approximately 89.3% of the issued and outstanding Trinidad Shares.

ABOUT ENSIGN

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. Ensign is one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas and geothermal operators. Ensign’s premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment, well servicing and production services. Please visit Ensign’s website at www.ensignenergy.com.

Ensign’s Common Shares are publicly traded though the facilities of the Toronto Stock Exchange under the trading symbol ESI.

This news release does not constitute an offer to buy or the solicitation of an offer to sell any of the securities of Ensign or Trinidad.

ABOUT TRINIDAD

Trinidad is an industry?leading contract driller, providing safe, reliable, expertly?designed equipment operated by well? trained and experienced personnel. Trinidad’s drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry. Trinidad provides contract drilling and related services in the US, Canada, the Middle East and Mexico. Ensign now owns 89.3% of the Trinidad Shares. Trinidad has called the Meeting for January 31, 2019 to consider the Amalgamation as the going private subsequent acquisition transaction pursuant to which Ensign will indirectly acquire the remaining Trinidad Shares it does not now own at $1.68 per share. Ensign owns sufficient Trinidad Shares to assure approval of such transaction.