Total Energy Services Inc. to Acquire Saxon Energy Services Australia Pty Ltd. - Seite 2

Forward-looking statements are based upon the opinions and expectations of the management of Total Energy as at the effective date of such statements. Although Total Energy believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, such things as the required regulatory and other approvals may not be obtained in the timelines or on the terms currently anticipated or at all, the Acquisition will be subject to a number of closing conditions and no assurance can be given that all such conditions will be met or will be met on the timelines required. The benefits anticipated with respect to the Acquisition are based on the current business, operational and financial position of each of Total Energy and Saxon, which are subject to a number of risks and uncertainties.

The forgoing risk factors are not exhaustive. Having regard to the various risk factors, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.

The forward-looking statements contained in this news release are made as of the date hereof and Total Energy does not undertake any obligation to update or to revise any of the included forward-looking statements, except as required by applicable securities laws in force in Canada. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.