Ensign Energy Services Inc. - Increase in Fourth Quarter Dividend

CALGARY, Dec. 12, 2011 /CNW/ - Ensign Energy Services Inc. announces the declaration of a 10.5% increase in its regular quarterly dividend to $0.1050 (ten and one-half cents) per Common Share.

The Board of Directors of Ensign has declared the dividend of $0.1050 per Common Share to be payable on January 5, 2012 to all Common Shareholders of record as of December 22, 2011. The dividend payment is pursuant to the quarterly dividend policy adopted by the Company.

The total dividends declared by Ensign for its 2011 fiscal year amount to $0.39 per Common Share, a 9.1% increase over the total dividends of $0.3575 per Common Share declared for the 2010 fiscal year.  Ensign has increased the cumulative amount of dividends declared in each fiscal year since the Company began paying a dividend in September, 1995.

Pursuant to subsection 89(1) of the Canadian Income Tax Act ("ITA"), the dividend being paid is designated as an "eligible dividend", as defined in subsection 89(1) of the ITA.

Ensign Energy Services Inc. is an international oilfield services contractor based in Calgary, Alberta.  Ensign Common Shares (symbol: ESI) are publicly traded through the facilities of the Toronto Stock Exchange.