Trican Well Service Ltd. (TSX:TCW) is pleased to announce the results of the
2013 Russian contract tendering season. Management is currently estimating 2013
revenue to increase by approximately 25%, as measured in Russian roubles,
relative to 2012. 


Customer interest in horizontal completions and multi-stage fracturing is
significantly increasing and is expected to represent 20% of Russian fracturing
revenues in 2013 compared to 12% in 2012. This is expected to improve equipment
utilization and fits well with Trican's completion tool service line.   


The estimated revenue increase is based on a 2% expected increase in overall
activity combined with a 23% expected increase in average revenue per job. The
expected increase in average revenue per job is the combined result of the trend
towards larger fracturing job sizes in multi-stage completions, a shift in the
sales mix toward more fracturing work relative to coiled tubing and cementing
and a modest increase in pricing. Bidding for the Russian contracts was very
aggressive with a number of competitors attempting to gain market share, which
limited the year-over-year price increases obtained.  


A high rate of inflation in the Russian market and strong competition continues
to challenge the Russian operations profitability. That being said, management
is anticipating moderate improvements in the operating income margin in 2013 as
a result of a shift in our work scope to higher margin work and multi-stage
activity, including completion tool revenue, and a continued focus on optimizing
the Russian operations' cost structure. 


The actual 2013 financial results for our Russian operations could be impacted
by revisions in customer budgets, exploration levels, the price of commodities
and general economic conditions in the Russian market.


In summary, management is pleased with the results of the 2013 tenders. Activity
and pricing in the Russian market continue to strengthen and there is a strong
customer interest in the development of oil and gas reservoirs utilizing state
of the art technology. 


Headquartered in Calgary, Alberta, Trican has operations in Canada, the United
States, Russia, Kazakhstan, Australia and North Africa. Trican provides a
comprehensive array of specialized products, equipment and services that are
used during the exploration and development of oil and gas reserves.


FORWARD-LOOKING INFORMATION 

This document contains information that constitutes forward-looking information
and financial outlook within the meaning of applicable securities legislation.
This forward-looking information and financial outlook is identified by the use
of terms and phrases such as "anticipate," "achieve", "achievable," "believe,"
"estimate," "expect," "intend", "plan", "planned", and other similar terms and
phrases. This information and outlook speaks only as of the date of this
document and we do not undertake to publicly update the forward-looking
information and financial outlook contained in this document except in
accordance with applicable securities laws. This forward-looking information and
financial outlook includes:




--  The expectation that 2013 Russian revenue will increase by 25%, as
    measured in Russian roubles, compared to 2012; 
--  The expectation that horizontal completions and multi-stage fracturing
    is significantly increasing in Russia and is expected to represent 20%
    of Russian fracturing revenues in 2013; 
--  The expectation that the estimated revenue increase is based on a 2%
    expected increase in overall activity combined with a 23% expected
    increase in average revenue per job; 
--  The expectation that the increase in average revenue per job is the
    combined result of, the trend towards larger fracturing job sizes in
    multi-stage completions, a shift in the sales mix toward more fracturing
    work relative to coiled tubing and cementing and a modest increase in
    pricing;  
--  The expectation that the operating income margin will increase in 2013
    as a result of a shift in our work scope to higher margin work and
    multi-stage activity, including completion tool revenue, and a continued
    focus on optimizing the Russian operations' cost structure. 



Forward-looking information and financial outlook is based on current
expectations, estimates, projections and assumptions, which we believe are
reasonable but which may prove to be incorrect and therefore such
forward-looking information and financial outlook should not be unduly relied
upon. In addition to other factors and assumptions which may be identified in
this document, assumptions have been made regarding, among other things:
industry activity; the general stability of the economic and political
environment; effect of market conditions on demand for the Company's products
and services; the ability to obtain qualified staff, equipment and services in a
timely and cost efficient manner; the ability to operate its business in a safe,
efficient and effective manner; the performance and characteristics of various
business segments; the effect of current plans; the timing and costs of capital
expenditures; future oil and natural gas prices; currency, exchange and interest
rates; the regulatory framework regarding royalties, taxes and environmental
matters in the jurisdictions in which the Company operates; and the ability of
the Company to successfully market its products and services. 


Forward-looking information and financial outlook is subject to a number of
risks and uncertainties, which could cause actual results to differ materially
from those anticipated. These risks and uncertainties include: customers'
completion of expected work programs; fluctuating prices for crude oil and
natural gas; changes in drilling activity; general global economic, political
and business conditions; weather conditions; regulatory changes; the successful
exploitation and integration of technology; customer acceptance of technology;
success in obtaining issued patents; the potential development of competing
technologies by market competitors; and availability of products, qualified
personnel, manufacturing capacity and raw materials, and Trican's successful
performance under contracts. In addition, actual results could differ materially
from those anticipated in the forward-looking information and financial outlook
provided herein as a result of the risk factors set forth under the section
entitled "Risk Factors" in our Annual Information Form dated March 22, 2012.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Trican Well Service Ltd.
Dale Dusterhoft
Chief Executive Officer
(403) 266-0202
(403) 237-7716 (FAX)
ddusterhoft@trican.ca


Trican Well Service Ltd.
Michael Baldwin
Vice President, Finance & CFO
(403) 266-0202
(403) 237-7716 (FAX)
mbaldwin@trican.ca


Trican Well Service Ltd.
Gary Summach
Director of Reporting and Investor Relations
(403) 266-0202
(403) 237-7716 (FAX)
gsummach@trican.ca


Trican Well Service Ltd.
2900, 645- 7th Avenue S.W.
Calgary, Alberta T2P 4G8
www.trican.ca

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