Trican Well Service Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenue was $618,376,000 compared to $716,356,000 a year ago. Results from operating activities was $40,725,000 compared to $126,702,000 a year ago. Profit before income tax was $34,919,000 compared to $121,018,000 a year ago. Profit was $25,192,000 compared to $89,382,000 a year ago. Profit attributable to owners of the company was $25,363,000 or $0.17 per diluted share compared to $89,460,000 or $0.61 per diluted share a year ago. Cash generated from operating activities was $49,376,000 compared to $140,845,000 a year ago. Purchase of property and equipment was $30,986,000 compared to $155,887,000 a year ago. Purchase of other assets was $4,000,000. Operating income was $86,670,000 compared to $161,845,000 a year ago. Funds provided by operations was $57,956,000 compared to $141,487,000 a year ago. Adjusted net income was $27,380,000 compared to $92,300,000 a year ago. The company announced that the company expects approximately $22.0 million in additional dividend payments will be made in the third quarter of 2013. The company announced that James (Jim) McKee will be joining Trican effective May 14, 2013 as Senior Vice President, Corporate Development. Jim has over 30 years of experience in oilfield services, investment banking, and public accounting industries and will be a tremendous asset to Trican team. Jim will be replacing David Jones who will be moving to Cyprus to take on the role of Vice President, EAME and CIS. The company also announced that Michael Baldwin has been promoted to Senior Vice President, Finance and CFO effective May 14, 2013. Michael has 20 years of oilfield services and accounting experience and has been a key member of the executive team since he re-joined Trican in November 2008 as Vice President, Finance and CFO. Capital expenditures for the remainder of 2013 are expected to be $100 to $120 million based on current 2013 budgets and remaining capital expenditures on previously approved budgets.

Trican Well Service Ltd. announced that its Board of Directors has declared a CAD 0.15 dividend per share in accordance with the semi-annual dividend policy for holders of the company's common shares. The date of record will be June 28, 2013 and the date of payment will be July 12, 2013.

Trican Well Service Ltd. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 08, 2013