TCW Trican Well Service Ltd

Trican Well Service Ltd. (TSX:TCW) ("Trican") is pleased to announce that it has
closed the previously announced acquisition of i-TEC Well Solutions ("i-TEC"), a
privately owned company based in Norway that has developed a field-proven
portfolio of completion systems and intervention tools.


Trican has taken a significant step into the global horizontal multi-stage
completion market with the acquisition of i-TEC. i-TEC is a technology-focused
developer of innovative next generation tools who has built their business by
providing solution based service to their customers. The acquisition of i-TEC
gives Trican a comprehensive portfolio of field proven advanced completion and
intervention technologies which can be used in cemented as well as open hole
installations.


i-TEC's patented i-FRAC valve system allows for valve clusters to be placed in
prolific portions of the reservoir so that customers can optimize production
regardless of whether the completion is cemented or open hole. The i-FRAC
technology maximizes the number of fracture initiation sites with up to 400
valves in a single completion activated by only 20 balls. Trican believes that
this technology is game changing and should convert plug and perf users to
sliding sleeves and allow Trican's customers to perform more cemented sliding
sleeve completions with confidence. In addition to i-FRAC, the company has a
number of patented intervention technologies that allow efficient servicing of
horizontal multi-stage completions to ensure high production rates long after
the initial completion. The combination of high density fracturing technology
and the suite of intervention tools for extended reach wells will allow Trican
to provide a full package of products and services and enhance Trican's current
offering of coiled tubing intervention tools as well as coiled tubing drilling
services. 


i-TEC has operational bases including sales and R&D teams in both Stavanger,
Norway and Houston, Texas. Trican has operational bases throughout western
Canada, the United States, Russia, Kazakhstan, Australia and North Africa. With
the acquisition, i-TEC is expected to leverage Trican's geographic reach and
provide deeper sales penetration into these markets.


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
within the meaning of applicable securities legislation. This forward-looking
information 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 speaks only as
of the date of this document and we do not undertake to publicly update the
forward-looking information contained in this document except in accordance with
applicable securities laws. This forward-looking information includes:




--  The belief that the i-FRAC valve system is game changing and should
    convert plug and perf users to sliding sleeves and allow Trican's
    customers to perform more cemented sliding sleeve completions with
    confidence; 
--  The expectation that the combination of high density fracturing
    technology and the suite of intervention tools for extended reach wells
    will allow Trican to provide a full package of products and services and
    will enhance Trican's current offering of coiled tubing intervention
    tools as well as coiled tubing drilling services; 
--  The expectation that the acquisition will allow i-TEC to leverage
    Trican's geographic reach and provide deeper sales penetration into
    Trican's existing markets. 



Forward-looking information 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 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 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 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.
Andrew Buzinsky
Director of Completions and Downhole Tool Services
(403) 266-0202
(403) 237-7716 (FAX)
abuzinsky@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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