09:48 AM EST - Essential Energy Services Ltd. : and Technicoil Corporation announced today they have entered into a definitive arrangement agreement providing for the combination of their businesses. The combined company will operate under the name Essential and will continue to trade on the Toronto Stock Exchange under the symbol "ESN". After the Combination, Essential will expand its presence as the predominant coil tubing and nitrogen well service provider in Canada and will improve its position to become the operator of the fifth largest conventional service rig fleet in Canada. Essential Energy Services Ltd.
shares T.ESN are trading down $0.04 at $2.27.
