Mr. Jeff Newman reports

ESSENTIAL ENERGY SERVICES ANNOUNCES THE SALE OF ROD RIG ASSETS

Essential Energy Services Ltd. has completed the sale of its rod rig assets to Rapid Rod Service Ltd. for cash proceeds of $6.1-million, effective Oct. 8, 2014. The sale included 13 rod rigs, related equipment and inventory. The rod rig employees are expected to transfer with the purchased assets. These assets were part of the service rig division but considered non-core to Essential's focus on well servicing through coil tubing, service rigs and downhole tools. Essential expects to use the proceeds to reduce bank debt.

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