Tessa-Nile Reports Third Quarter Results for 2022

Calgary, Alberta – November 9, 2022 – Tessa-Nile Well Service Ltd. (“Tessa-Nile” or the “Company”) is pleased to announce
its third quarter results for 2022. The following news release should be read in conjunction with Management’s
Discussion and Analysis (“MD&A”), the unaudited interim consolidated financial statements and related notes of
Tessa-Nile for the three and nine months ended September 30, 2022, as well as the Annual Information Form (“AIF”) for
the year ended December 31, 2021.