Essential Energy Services Ltd T.ESN

Energy Oil & Gas Equipment & Services

Essential Energy Services Ltd. is a Canada-based company that provides oilfield services to oil and natural gas producers, primarily in western Canada. The Company offers completion, production and well site restoration services to a diverse customer base. Its Essential Coil Well Service (ECWS) segment provides completion and production services throughout western Canada. The ECWS fleet is comprised of coiled tubing rigs, fluid pumpers, nitrogen pumpers and ancillary equipment. Its Tryton segment provides a range of downhole tools and rental services across the WCSB and in the United States for completion, production and wellsite restoration of oil and natural gas wells. Its services are offered with coiled tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Its coiled tubing fleet is comprised of generation I, II, III and IV coiled tubing rigs, which are differentiated by their capability to service wells with varying depths and well pressures.

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Essential Energy Services Ltd

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Comment by LuckyLuchon May 16, 2017 1:40pm

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Post# 26250630

RE:re: 2016 Credit facility renewal

FYI, all credit revolvers/debt have covenant protections for the lenders. Min. thestholds of which ESN is WELL within the ratios. Again, put their working capital against the debt on the revolver and there is a net credit. Only HWO, STEP, SECURE have a better balance sheet than ESN. Period.

Carlos66 wrote: ---from
Karen Perasalo

Essential Energy Services Ltd.

Investor Relations
There have been no changes to the credit facility since the June 2016 renewal. This is also described in the Q1/17 MD&A released on May 9/17.
---so all covenants (restrictions) still apply.

carlos