TEC TD Global Technology Leaders Index ETF

Essential Energy Services Ltd. (TSX:ESN) ("Essential") and Technicoil
Corporation (TSX:TEC) ("Technicoil") jointly announce today that the joint
information circular and proxy statement for the annual and special meetings of
the shareholders of Essential and the shareholders and optionholders of
Technicoil to be held in connection with the proposed arrangement involving
Essential, Technicoil, and the shareholders and optionholders of Technicoil (the
"Arrangement"), each scheduled to be held on May 30, 2011, have been mailed. The
record dates for both the Essential and Technicoil annual and special meetings
is May 4, 2011. 


ABOUT ESSENTIAL 

Essential Energy Services Ltd. is a growth-oriented corporation that provides
oilfield services to oil and gas producers in western Canada and Colombia for
servicing producing wells and new drilling activity. Essential provides services
through its Well Servicing and Downhole Services & Rentals divisions. With 53
service rigs, Essential is the 6th largest service rig provider in Canada. With
34 coil tubing rigs, Essential has the largest coil tubing well service fleet in
Canada. Essential sells and services a full-range of downhole tools including
the Tryton Multi-Stage Fracturing System and other rental equipment. Essential
also provides perforating and logging services with 14 wireline trucks. Further
information about Essential can be found at www.essentialenergy.ca.


ABOUT TECHNICOIL 

Technicoil is a Calgary-based oil and natural gas services company operating in
the western Canadian sedimentary basin. Technicoil's business is conducted
through two segments: well servicing and drilling. The well servicing segment is
comprised of 17 masted coiled tubing service rigs and nine mobile free-standing
conventional service rigs. The drilling segment is comprised of five hybrid
drilling rigs. Further information about Technicoil can be found at
www.technicoilcorp.com.

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