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Thursday, November 9, 2000

CALGARY, ALBERTA--Trican Well Service Ltd. - TSE ("TCW"), a well servicing company that provides coiled tubing, fracturing, stimulation, cementing and related services to the oil and gas industry in western Canada announces that it has entered into a letter of intent to acquire Canadian Oilfield Stimulation Services Ltd. ("COSS"). Under the terms of the letter of intent, the details of the transaction will remain confidential. The transaction, which is subject to due diligence, is expected to close in late November. COSS is a private company that provides treating and production chemicals and services to oil and gas companies in western Canada. On a stand-alone basis, COSS sales would equal approximately 5% of the total sales generally expected for Trican in the year 2000. However, this acquisition provides Trican with an important growth platform on which to focus services aimed at the production challenges faced by our customers. Please visit our website at -30-