Essential Energy Services Ltd.

Entered into an amended and restated credit facility agreement with a syndicate of lenders including National Bank of Canada, ATB Financial and Canadian Western Bank. The credit facility provides Essential an extension of the current revolving secured credit facility to June 30, 2021.

The primary amendments to the credit facility include an increase in the commitment from $40 million to $50 million; a decrease of the accordion from $25 million to $20 million; an extension of the maturity date to June 30, 2021; revision of certain financial covenants, as detailed in the financial covenants section below; revision of the equity cure provision, as detailed in the Equity Cure section below; and removal of the borrowing base requirement.