Enseco Closes Acquisition Of Well-Testing Assets In C$700K Stock Deal

Closed acquisition of high-pressure, frac-flowback testing assets.

Enseco Energy Services Corp., Calgary, (Toronto Venture: ENS) has closed its acquisition of high-pressure and frac-flowback testing assets from a private Canada-based oilfield services company for C$700,000 in stock.

Enseco issued 3.33 million common shares valued at C$0.21 per share as part of the deal. Enseco also entered into a lease agreement with the company, which included an option to purchase the leased testing assets for C$500,000.