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Essential Energy Services Ltd T.ESN

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.


TSX:ESN - Post by User

Post by askQuestions1on Nov 03, 2017 6:12pm
166 Views
Post# 26904006

Patent declared not valid.

Patent declared not valid. Great news.  This should allow the stock to run now.  Has a lot of catching up to do...

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Essential Energy Services Announces Patent Litigation Decision
03 Nov 2017 18:08 ET
GlobeNewswire

Essential Energy Services Ltd. (TSX:ESN) ("Essential") was advised that the Federal Court of Canada (the "Court") rendered its decision with regard to a patent infringement proceeding commenced in 2013 by Packers Plus Energy Services Inc. ("Packers Plus") alleging that certain methods associated with the Tryton Multi-Stage Fracturing System infringe a patent issued to Packers Plus (the "Patent").

The Court ruled on November 3, 2017 that the Patent was not valid and that Essential did not infringe on the Patent.

Mr. Garnet Amundson, President and Chief Executive Officer of Essential commented, "This is outstanding news. We are extremely pleased with the Court's ruling that the Patent is not valid and that Essential did not infringe on the Patent. The decision upholds our assertion that the action was without merit." 


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