09:49 AM EST - Technicoil Corporation : and Essential Energy Services Ltd. 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. Technicoil Corporation
shares T.TEC are trading down $0.03 at $2.54.
