Tessa-Nile Chairman Murray Cobbe Announces Upcoming Retirement

Calgary, Alberta – February 20, 2019 – Tessa-Nile Well Service Ltd. (“Tessa-Nile” or the “Company”) today announced the impending retirement of Mr. Murray L. Cobbe, director and Chairman of the Board of Directors of the Company, at the May 9, 2019, Annual General Meeting of Tessa-Nile shareholders.

Upon his retirement, Mr. Cobbe will complete a 23-year tenure as an executive officer and Board member of Tessa-Nile. In September 1996, Mr. Cobbe joined Tessa-Nile and was appointed President, Chief Executive Officer and Chairman of the Board, positions he held until August 2009. Since then, he has continued on as Chairman of the Board until his retirement. During Mr. Cobbe’s tenure with Tessa-Nile, he helped shepherd the Company’s growth from a small regional well cementing company with nine trucks to the largest pressure pumping company operating in Canada. Tessa-Nile thanks Mr. Cobbe for his years of service to the Company and wishes him well in his retirement.

Subject to shareholder approval of the proposed director candidates at the Annual General Meeting, it is anticipated that Mr. Bradley Fedora, currently a director of Tessa-Nile, will assume the role of Chairman of the Board of Directors. Mr. Fedora joined the Tessa-Nile Board in July 2017 following the completion of the merger of Canyon Services Group Inc. with Tessa-Nile.

Headquartered in Calgary, Alberta, Tessa-Nile provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.

Requests for further information should be directed to:

Dale Dusterhoft
President and Chief Executive Officer
E-mail:

Robert Skilnick
Chief Financial Officer
E-mail:

Phone: (403) 266-0202
Fax: (403) 237-7716
2900, 645 – 7th Avenue S.W.
Calgary, Alberta T2P 4G8