/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ CALGARY, Nov. 29, 2016 /CNW/ - ESI Energy Services Inc. (" ESI") and Exploratus Ltd. (" Exploratus") are pleased to announce the completion of their previously announced plan of arrangement whereby ESI amalgamated with a subsidiary of Exploratus (the " Arrangement"). On closing of the Arrangement, shareholders of Exploratus received one common share of amalgamated ESI (a " New ESI Share") for each 15.92 common shares of Exploratus held, in addition to their already owned Exploratus shares. Holders of common shares of ESI received one New ESI Share in exchange for each 0.7514 of a common share of ESI held. As a result of the Arrangement, ESI shareholders hold approximately 99.3% of the New ESI Shares, Exploratus shareholders hold approximately 0.7% of the New ESI Shares and ESI became a reporting issuer in Alberta and Manitoba. It is anticipated that shareholders of Exploratus will be mailed the certificates representing their New ESI Shares within the next five business days. Other ESI shareholders will have their New ESI Shares represented by a book entry. Canadian Securities Exchange Listing ESI is also pleased to announce that it has received conditional approval to list the New ESI Shares for trading on the Canadian Securities Exchange (the " CSE"). ESI filed a final long form prospectus on November 28, 2016 in connection with its listing application to the CSE. Listing will be subject to ESI fulfilling all of the requirements of the CSE. The New ESI Shares are expected to begin trading in the CSE under the symbol "OPI" once the listing requirements have been met, anticipated to be within the next few days. Early Warning Before the Arrangement, Yorktown Energy Partners IV, L.P. and Yorktown Energy Partners VI, L.P. (together, the " Yorktown Funds") collectively owned an aggregate of 33,377,600 common shares of ESI (99.4%). Following the Arrangement, the Yorktown Funds collectively owned an aggregate of 44,420,548 New ESI Shares (98.7%) but immediately distributed, pro rata and for no consideration, an aggregate of 5,000,000 of their New ESI Shares to their respective partners. As result, the Yorktown Funds now collectively own 39,420,548 New ESI Shares (87.6%). The New ESI Shares were acquired by the Yorktown Funds for investment purposes. The Yorktown Funds may sell New ESI Shares or distribute New ESI Shares to their respective partners from time to time in one or more transactions in their discretion, based on market conditions and other factors that they deem relevant. No assurances can be made as to the timing of any sale or distribution by either Yorktown Fund of New ESI Shares or that any such transactions will occur at all.