Mr. Kent Devlin reports

ENSECO ENERGY SERVICES CORP. ANNOUNCES RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2014

Enseco Energy Services Corp. has released its financial results for the three and six months ended June 30, 2014.

                            RESULTS FROM OPERATIONS
              (in thousands of dollars, except per-share amounts)

                                       Three months ended        Six months ended
                                                  June 30,                June 30,
                                         2014        2013        2014        2013

Revenue                             $  12,750   $   6,843   $  35,785   $  24,044
Gross margin                        $     (59)  $     (67)  $   4,591   $   3,805
Gross margin %                              0%         -1%         13%         16%
Adjusted gross margin(1)            $   1,562   $   1,293   $   7,848   $   6,615
Adjusted gross margin %                    12%         19%         22%         28%
EBITDAS(1)                          $  (2,214)  $  (1,994)  $     220   $    (381)
EBITDAS %                                 -17%        -29%          1%         -2%
Net income (loss) before tax (1)    $  (4,454)  $  (3,793)  $  (3,979)  $  (4,050)
Per common share -- basic           $   (0.20)  $   (0.17)  $   (0.18)  $   (0.18)
Per common share -- diluted         $   (0.20)  $   (0.17)  $   (0.18)  $   (0.18)
Net income (loss)                   $  (4,454)  $  (3,337)  $  (3,979)  $  (3,737)
Per common share -- basic           $   (0.20)  $   (0.15)  $   (0.18)  $   (0.17)
Per common share -- diluted         $   (0.20)  $   (0.15)  $   (0.18)  $   (0.17)
Cash flow before changes in non-
cash working capital(1)             $  (2,369)  $  (1,899)  $     120   $    (472)
Cash flow from (used in)
operating activities                $   5,841   $   3,860   $     598   $   7,661

(1) Non-IFRS (international financial reporting standards) measures. EBITDAS stands
    for earnings before interest, taxes, depreciation and amortization, and stock-
    based compensation.

Highlights for the three and six months ended June 30, 2014

• Revenue for the second quarter of 2014 was up 86 per cent compared with the prior year, and up 49 per cent for the six months as compared with the same period in the prior year. Enseco has increased its sales presence in all divisions, and the reported increase in revenue is a reflection of the effectiveness of that strategy.
• USA Directional Drilling achieved all-time record quarterly revenue of $4.6-million, up 1,538 per cent as compared with one year ago.
• Both U.S. divisions showed substantial increases in activity and market share in the second quarter compared with one year ago. Canadian activity, while similar to a year ago, was negatively affected by wet weather in particular throughout the month of June.
• A focus on improving service quality through internal proprietary technology improvements has resulted in higher mean time between failures (MTBFs), higher customer satisfaction and increasing market share.

Outlook

• Industry fundamentals that contributed to a strong first half of 2014 are expected to continue into the back half of the year. Producers increased their capital spending due to improved cash flows from operations and access to capital markets.
• USA Directional Drilling continues to make strides in increasing activity levels, and further growth in activity is expected throughout the balance of 2014.
• In all divisions, the company is increasing efforts toward enhancing profitability through better cost management and a reduction in rentals.
• Enseco's operational strategy for 2014 continues to be: (i) improve service quality and overall customer satisfaction; (ii) gain market share; and (iii) maintain a superior safety and quality assurance/quality control focus.
• Enseco will continue to search for new opportunities to grow the company while looking for efficiencies and cost reductions to increase its gross margins and EBITDAS. It is expected that the pursuit of these opportunities, accompanied by initiatives to both improve margin efficiency and reduce debt levels, will continue to improve the company's financial performance going forward.

Filings

Enseco has filed with Canadian securities regulatory authorities its unaudited interim consolidated financial statements for the three and six months ended June 30, 2014, and accompanying management's discussion and analysis (MD&A). These filings are available under Enseco's SEDAR profile.

We seek Safe Harbor.