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Corporate Presentation

Disclaimer. This presentation contains forward-looking statements based upon current expectations that involve a number of business risks and uncertainties. The factors that could cause results to differ materially include, but are not limited to, national and economic conditions, oil and natural gas prices, weather conditions and the ability of oil and gas companies to raise capital or other unforeseen conditions which could impact on the use of services supplied by the Corporation..

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Corporate Presentation

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    1. Corporate Presentation Spring 2003

    2. Disclaimer

    3. Agenda

    4. Corporate Profile Oilfield services Drilling Oilfield rentals Well servicing Production testing Mechanical wireline Underbalanced drilling Manufacturing Operates in Canada, the United States and internationally 6,000 personnel worldwide

    5. Current Operations

    6. Commitment to Customer Service Committed to providing a safe working environment Focus on recruitment, training and personnel development In-house engineering expertise Design and construction of specialty equipment Equipment maintained to highest standards

    7. Agenda

    8. Canadian Operations

    9. Canadian Drilling Inventory

    10. Canadian Drilling What’s new Electric double with automated pipe handling Drilling in the Arctic ADRTM

    11. Underbalanced Drilling Services 14 underbalanced drilling units What’s new Built 2 new units Incorporating use of Interactive-Process-Control technology Proprietary solids settling tank system

    12. Oilfield Equipment Rentals Extensive inventory of specialty drill pipe, BOPs, loaders, tanks, pumps and rig matting What’s new Acquisition of Canadian Select Energy West assets

    13. Canadian Well Servicing Inventory

    14. Canadian Well Servicing What’s new Consolidated all well servicing operations under ‘Rockwell’ banner Training project in the Arctic 10 free-standing conversions in 2002 (27 in total)

    15. Manufacturing and Production Services 35 wireline units, 41 gas test units and manufacturing facility What’s new Services provided in the Arctic Expansion of wireline through acquisition of assets of Freedom Wireline Ltd. Proposed expansion through construction of manufacturing facility

    16. Future Growth Strategy Continued consolidation Specialty equipment ADRTM New frontiers Arctic

    17. Agenda

    18. United States Operations

    19. United States Drilling Inventory

    20. United States Drilling What’s new Acquisition of 3 drilling rigs from Westport Oil and Gas Company, L.P. Redeployment of existing rig from Canada under long-term contract

    21. Future Growth Strategy Continued consolidation Review possible expansion into new markets Continued redeployment of existing rigs and equipment to maximize efficiency and utilization rates

    22. Agenda

    23. International Operations

    24. International Oilfield Services Inventory

    25. International Oilfield Services What’s new ODE acquired in July 2002 Successful integration with Ensign Group Contract in Mozambique in March 2003

    26. Future Growth Strategy Continued consolidation Aggressively pursue long-term international contracts Potential for redeployment of existing rigs and equipment from other divisions Use of North American expertise and technology

    27. Agenda

    28. Trading Data TSX: ESI Common shares outstanding 74,750,000 Market capitalization $1.4 billion Dividends 2000 $0.1717 per share 2001 $0.1967 per share 2002 $0.2050 per share 2003f $0.2200 per share

    29. Revenue

    30. Revenue

    31. EBITDA

    32. Income

    33. Debt to Equity

    34. Return on Equity

    35. Why Ensign is a Solid Investment Diverse operations Opportunistic growth strategy Commitment to safety and customer service Financial strength and discipline

    36. www.ensigngroup.com

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