Enseco Energy Services Corp. ("Enseco" or the "Company") (TSX VENTURE:ENS)
announced today that it has closed the second and final tranche of its
previously announced non-brokered private placement of 14% convertible secured
subordinated debentures (the "Debentures") of Enseco. Enseco issued Debentures
having an aggregate principal amount of $385,000. Officers of Enseco subscribed
for $90,000 principal amount of the Debentures.


The Debentures are repayable eighteen months from the date of issue, bear
interest at 14% per annum payable in cash on maturity, conversion or upon an
event of default and will be convertible into common shares ("Common Shares") of
Enseco by the holder at any time prior to maturity at a rate of $0.10 per Common
Share, subject to adjustment in certain circumstances. The Debentures are a
secured obligation of the Company subordinated in right of payment to the prior
payment in full of all Senior Indebtedness of the Company. Senior Indebtedness
will include all secured debt whether now existing or hereafter incurred,
assumed or arising, but will exclude normal trade payables. 


The Debentures and any Common Shares issued upon conversion of the Debentures
are subject to a hold period of four months and one day from the closing date.


The proceeds of the offering will be used by the Company for working capital,
for general corporate purposes.


Enseco is an emerging supplier of energy related services operating throughout
the Western Canadian Sedimentary Basin and select markets in the United States,
with operational centres in Red Deer, Whitecourt, Edmonton, Beaverlodge, Grande
Prairie, Fort St. John, Midale, Saskatchewan and Minot, North Dakota, as well as
a corporate and sales office located in Calgary. Enseco is led by an experienced
management team currently offering well swabbing, production testing, open hole
logging, and directional drilling services with a focus on continued value
creation through accretive acquisitions and organic growth.


FORWARD-LOOKING STATEMENTS 

Certain information and statements contained in this press release constitute
forward-looking information. Specifically this press release contains
forward-looking statements relating to the use of proceeds of the Private
Placement and the closing date and principal amount of the second tranche of
Debentures. The forward-looking statements contained in this press release speak
only as of the date of this press release and are expressly qualified by this
cautionary statement. These forward-looking statements are based on certain key
assumptions regarding, among other things, the use of proceeds, the closing
dateand principal amount of the second tranche of Debentures. Furthermore, these
forward-looking statements are subject to a variety of risks and uncertainties
and other factors that could cause actual events or outcomes to differ
materially from those anticipated or implied by such forward-looking statements.
Such factors include, but are not limited to general economic conditions in
Canada and the United States, industry conditions, changes in laws and
regulations and changes in how they are interpreted and enforced, increased
competition, volatility of commodity prices, and the inability to complete the
private placement or to obtain required regulatory approval. Readers are
cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking
statements. Enseco's actual results, performance or achievement could differ
materially from those expressed in, or implied by, these forward-looking
statements, or if any of them do so, what benefits that Enseco will derive
therefrom. Enseco disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.