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This presentation contains information that is "forward-looking" in that it describes events and conditions ENSERVCO reasonably expects to
occur in the future. Expectations for the future performance of ENSERVCO are dependent upon a number of factors, and there can be no
assurance that ENSERVCO will achieve the results as contemplated herein. Certain statements contained in this release using the terms
"may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be
guaranteed as they are subject to a variety of risks, which are beyond ENSERVCO's ability to predict, or control and which may cause actual
results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in ENSERVCO’s Form 10-
K filed on March 30, 2012, in its reports subsequently filed with the Securities and Exchange Commission, all of which are available at
www.enservco.com, and in addition to the other risks and caveats included in this presentation. It is important that each person reviewing this
presentation understand the significant risks attendant to the operations of ENSERVCO. ENSERVCO disclaims any obligation to update any
forward-looking statement made herein.

In addition, we would point out that our ability to respond to questions at this meeting is limited by SEC Regulation
FD. In short, Regulation FD prohibits us from making selective disclosure of material non-public information. Where
we believe that Regulation FD prevents us from responding, we will answer the question with “no comment” or a
similar phrase. When we believe it is appropriate to announce material non-public information, we will publish press
releases or file reports with the SEC.



*Note on non-GAAP Financial Measures
This presentation also includes a discussion of Adjusted EBITDA, which is a non-GAAP financial measures provided as a complement to the
results provided in accordance with generally accepted accounting principles ("GAAP"). The term "EBITDA" refers to a financial measure that
we define as earnings plus or minus net interest plus taxes, depreciation and amortization. Adjusted EBITDA excludes from EBITDA stock-
based compensation and, when appropriate, other items that management does not utilize in assessing ENSERVCO’s operating performance.
None of these non-GAAP financial measures are recognized terms under GAAP and do not purport to be an alternative to net income as an
indicator of operating performance or any other GAAP measure.
Symbol                   OTCQB: ENSV
52-week range            $0.30 - $1.05
Recent price (2/22/13)   $1.00
Shares outstanding       31.7 million
Market capitalization    $31.7 million
Warrants                 6.0 million
Options                  3.1 million
Public float             11.6 million shares
Fiscal year end          December 31
  Leading provider of well stimulation and fluid management services to domestic onshore
  oil and gas industry, and only national provider of hot oiling and frac heating services
  Operations    in six of nation’s most active oil and gas fields
  Mobile    equipment fleet allows for rapid redeployment to address regional shifts in demand
  Masterservice agreements (MSAs) with many of America’s leading exploration and
  production companies
  60%     of 2012 revenue derived from recurring, maintenance-related work
  Seasoned     management team
  Solid   banking relationship with PNC supporting growth
Mike Herman - Chairman and Chief Executive Officer
•    Owns 51% of ENSV common stock
•    Began career in family oil and gas business
•    More than 30 years of experience as investor and operator of E&P and oilfield services companies
•    Built ENSERVCO through acquisition of leading regional well-site service businesses
•    Chairman and largest shareholder of Pyramid Oil Company (AMEX: PDO), a California-based, 100-year-old E&P
•    Former majority owner in two companies that became leaders in their industries. Sold both for significant gains
Rick Kasch – President and Chief Financial Officer
•  Owns approximately 5% of ENSV common stock
•  Responsible for ENSERVCO operations since Company inception
•  Executed acquisitions of ENSERVCO’s predecessor businesses with Mike Herman
•  Extensive operating, financial management, capital formation and public company experience. Helped raise more than $1
   billion for previous employers through private and public equity and debt offerings, including IPOs, secondary offerings,
   IDBs, traditional term debt revolving lines of credit
•  Former CFO of NYSE-traded company; former divisional President and COO of two hospitality companies
Austin Peitz – Vice President – Field Operations
•    More than 17 years of operational experience with ENSERVCO
•    Responsible for all field operations at Heat Waves and Dillco Fluid Services businesses
•    Directed opening of new service yards in Marcellus, Utica, Bakken and Niobrara Shale regions
•    Designed ENSERVCO’s proprietary fluid heating systems for use in frac heaters and hot oiling trucks
 Record revenue of $31.5 million leads to first full year of profitability as public company*
2012    Q4 brings all time quarterly records for revenue and earnings*
        Service territory expanded into Utica Shale and Mississippi Lime regions
        Strengthens financial position with new $16 million credit facility and $2 million equity raise

2011   Opens major operations centers in Bakken Shale and northern Niobrara Shale fields

        Becomes a public company in July following merger with Aspen Exploration Corporation
2010
        Commences operations in prolific Marcellus Shale region

2007   Acquisition of 35-year-old Dillco Fluid Services, the leading provider of water hauling, fluid
       disposal, frac tank rental, and well-site construction services in the Hugoton Basin

        Acquisition of Heat Waves Hot Oil Service, an 8-yer-old provider of hot oiling, frac
2006
        heating acidizing, pressure testing & water hauling services


       *preliminary & unaudited; from continuing operations only
    Record Q4 and full-year financial results*
     •    Q4 revenue a quarterly record $11.3 million, up 79% versus Q4 2011
     •    Company achieves all-time quarterly highs for Operating Income, Adjusted EBITDA, Income After Tax
     •    Swings to full-year profitability on record revenue of $31.5 million (despite unprecedented warm weather
          during Q1 2012)
    January 2013 revenue of $7.1* million represents all-time single-month record; performance driven
     principally by increased customer spending in Bakken & Niobrara regions
    Normal winter fueling record demand across all service territories
    50% increase in frac heating capacity since start of Q4 2012
    Significant presence established in Utica Shale region – 5 major producers commencing work with
     ENSERVCO during 2013 first quarter
    Existing customers have recently announced major 2013 CapEx plans in Company service territories
     •    Anadarko and Nobel announce multi-billion dollar drilling programs, significant portions which are expected to
          target DJ Basin
     •    EQT commits $860 million to drilling in Marcellus and Utica Shale
     •    Gulfport plans $350 in Utica drilling

     *preliminary & unaudited; from continuing operations only
$ in millions




* Unaudited; from continuing operations only
Heat Waves Hot Oil Service                           Dillco Fluid Service

    80% of 2012 consolidated revenue                   20% of 2012 consolidated revenue
    Primary services:                                  Primary services:
     •     Frac heating                                  •  Fluid hauling

     •     Hot oiling                                    •  Fluid disposal

     •     Acidizing                                     •  Frac tank rental

     •     Pressure testing                              •  Well-site construction

    Service area: Colorado, Pennsylvania, North        Service area: Colorado, Kansas, Oklahoma
                                                         & Texas
     Dakota, Montana, Wyoming, Nebraska, West
     Virginia, Ohio, Kansas, New Mexico, Oklahoma
     and Texas
Hot Oiling
The circulation of heated oil or similar fluids down a well bore, where the fluid dissolves and dislodges paraffin and
other hydrocarbon deposits. Related services involve the heating of oil storage tanks, which eliminates water and
other soluble waste that can reduce the operator’s revenue at the refinery.

Frac Heating
The heating of water being used in well frac jobs to a predetermined temperature, which prevents freezing and
ensures that fracking solutions mix properly.

Acidizing
Pumping specially formulated acids and/or chemicals into a well to dissolve materials blocking the flow of the oil or
natural gas. Acidizing is most often used for increasing permeability throughout the formation, cleaning up
formation damage near the wellbore and removing the buildup of materials restricting the flow in the formation.

Pressure Testing
The pumping of fluids into new or existing wells or other components of the well system to detect leaks.

Fluid Management Services
Transporting water to fill frac tanks or reservoirs at well locations, transporting contaminated production water to
disposal wells, moving drilling and completion fluids to and from well locations, and transporting flow-back fluids
from the well site to disposal wells
Equipment Inventory                    Equipment ROI
Heating equipment            50               Equipment	
                    Cost	
  to	
           Annual	
  Revenue	
  
                                                                            Construct	
                Poten6al	
  
  Frac heaters, Hot oilers          Frac	
  Heaters	
  
                                     Double	
  Burners	
  (8)	
             $350,000	
   $1,300,000	
  -­‐	
  $1,500,000	
  
Water haulers                75      Bobtail	
  (1	
  burner)	
  (18)	
     $250,000	
     $650,000	
  	
  -­‐	
  	
  	
  $750,000	
  
Acidizing trucks              3     Hot	
  oiler	
  (24)	
                  $350,000	
            $400,000	
  	
  -­‐	
  	
  	
  $500,000	
  

Construction units           15
Frac tanks                   15
Disposal wells                3
Misc.                        70    Double burner frac heater

Total:                       231




                                   Bobtail frac heater                             Hot oiler
North Dakota

                                                         6	
  


                               Wyoming	
  

                                                                                                        Pennsylvania
                                            8	
                                                            7	
  
                                Colorado	
  
                                                 2	
  
                                         1	
  
                                                                  3	
   Kansas	
  
                                                             5	
   4	
  




                                                                                           ENSERVCO	
  Loca6ons	
  
                                                                                     Colorado	
                                 North	
  Dakota	
  
                                                                                     1.	
  Denver	
                             6.	
  Killdeer	
  
                                                                                            Headquarters	
                             Bakken	
  Shale	
  
                                                                                     2.	
  PlaCeville	
                         Pennsylvania	
  
                                                                                     D-­‐J	
  Basin	
  &	
  	
                  7.	
  Carmichaels	
  
                                                                                                  	
  Niobrara	
  Shale	
              Marcellus	
  Shale	
  &	
  
Rapid geographic expansion has been in                                               Kansas	
                                          U?ca	
  Shale	
  
response to customer requests for service                                            3.	
  Garden	
  City	
                     Wyoming	
  
in new basins                                                                                     	
  Mississippi	
  Lime	
     8.	
  Cheyenne	
  
                                                                                     4.	
  Meade	
                                     Niobrara	
  Shale	
  
                                                                                     5.	
  Hugoton	
  
    Industry consists primarily of small “mom and pop” and regionally
     focused service providers
    Significant supply/demand imbalance has resulted from E&P
     industry’s fast growth
    Many service providers operating aging equipment with limited
     capacity
    Most providers plagued by very high employee turnover
    ENSERVCO Competitive Advantages:
       Only   national provider of hot oiling, well acidizing, frac heating
       Modern    equipment fleet outperforms most competing providers
       Low    employee turnover
ENSERVCO is well positioned in a very active domestic energy environment:
  U.S. oil output growth in 2013 expected to be fastest on record*
  Domestic   production expected to rise 25% between 2013 and 2014*
  Growth   largely attributable to horizontal drilling & hydraulic fracking*
  IHS   says U.S. to be number-one country for liquids production growth through 2020




   *U.S. Energy Information Association
    Capitalize on supply/demand imbalance in recently entered basins

    Expand service territory into additional domestic oil & gas basins

    Leverage MSAs to capture new business as E&Ps narrow their
     vendor lists

    Pursue acquisition opportunities

    Add new well-site services
* Preliminary & unaudited; from continuing operations only
** Record annual results achieved despite unprecedented warm weather during first fiscal quarter across
most service territories
$	
  in	
  millions	
             December	
  31,	
  
                                      2012	
  
Cash	
  &	
  Accts.	
  Rec.	
                    $8.3	
  
Current	
  assets	
                              $9.6	
  
Total	
  assets	
                              $25.9	
  
Working	
  capital	
                             $1.6	
  
Total	
  liabiliUes	
                          $19.0	
  
LT	
  debt	
                                   $10.6	
  
Total	
  liabiliUes/equity	
                       2.8	
  
LT	
  debt/equity	
                                1.6	
  
*preliminary & unaudited
    Leadership position in important segment of energy services sector

    Energy industry’s only nationwide provider of comprehensive fluid heating
     solutions
    Proven, entrepreneurial management team focused on enhancing shareholder
     value through execution of aggressive growth strategy

    Company positioned to benefit from:
         New wells coming on line in conventional and unconventional plays
         MSAs with most major U.S. exploration and production companies
         Reputation for superior service and equipment

    Solid base of ongoing maintenance work positions company to withstand energy
     price volatility and downturn in drilling activity
Contacts:

      Rick Kasch                    Geoff High                     Derek Gradwell
    President & CFO                   Principal                 SVP Natural Resources
ENSERVCO Corporation   Pfeiffer High Investor Relations, Inc.     MZ North America
     303-333-3678                  303-393-7044                     212-301-7130
 rkasch@enservco.com          geoff@pfeifferhigh.com            dgradwell@mzgroup.us

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Enservco mar13presentation

  • 1.
  • 2. This presentation contains information that is "forward-looking" in that it describes events and conditions ENSERVCO reasonably expects to occur in the future. Expectations for the future performance of ENSERVCO are dependent upon a number of factors, and there can be no assurance that ENSERVCO will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond ENSERVCO's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in ENSERVCO’s Form 10- K filed on March 30, 2012, in its reports subsequently filed with the Securities and Exchange Commission, all of which are available at www.enservco.com, and in addition to the other risks and caveats included in this presentation. It is important that each person reviewing this presentation understand the significant risks attendant to the operations of ENSERVCO. ENSERVCO disclaims any obligation to update any forward-looking statement made herein. In addition, we would point out that our ability to respond to questions at this meeting is limited by SEC Regulation FD. In short, Regulation FD prohibits us from making selective disclosure of material non-public information. Where we believe that Regulation FD prevents us from responding, we will answer the question with “no comment” or a similar phrase. When we believe it is appropriate to announce material non-public information, we will publish press releases or file reports with the SEC. *Note on non-GAAP Financial Measures This presentation also includes a discussion of Adjusted EBITDA, which is a non-GAAP financial measures provided as a complement to the results provided in accordance with generally accepted accounting principles ("GAAP"). The term "EBITDA" refers to a financial measure that we define as earnings plus or minus net interest plus taxes, depreciation and amortization. Adjusted EBITDA excludes from EBITDA stock- based compensation and, when appropriate, other items that management does not utilize in assessing ENSERVCO’s operating performance. None of these non-GAAP financial measures are recognized terms under GAAP and do not purport to be an alternative to net income as an indicator of operating performance or any other GAAP measure.
  • 3. Symbol OTCQB: ENSV 52-week range $0.30 - $1.05 Recent price (2/22/13) $1.00 Shares outstanding 31.7 million Market capitalization $31.7 million Warrants 6.0 million Options 3.1 million Public float 11.6 million shares Fiscal year end December 31
  • 4.   Leading provider of well stimulation and fluid management services to domestic onshore oil and gas industry, and only national provider of hot oiling and frac heating services   Operations in six of nation’s most active oil and gas fields   Mobile equipment fleet allows for rapid redeployment to address regional shifts in demand   Masterservice agreements (MSAs) with many of America’s leading exploration and production companies   60% of 2012 revenue derived from recurring, maintenance-related work   Seasoned management team   Solid banking relationship with PNC supporting growth
  • 5. Mike Herman - Chairman and Chief Executive Officer •  Owns 51% of ENSV common stock •  Began career in family oil and gas business •  More than 30 years of experience as investor and operator of E&P and oilfield services companies •  Built ENSERVCO through acquisition of leading regional well-site service businesses •  Chairman and largest shareholder of Pyramid Oil Company (AMEX: PDO), a California-based, 100-year-old E&P •  Former majority owner in two companies that became leaders in their industries. Sold both for significant gains Rick Kasch – President and Chief Financial Officer •  Owns approximately 5% of ENSV common stock •  Responsible for ENSERVCO operations since Company inception •  Executed acquisitions of ENSERVCO’s predecessor businesses with Mike Herman •  Extensive operating, financial management, capital formation and public company experience. Helped raise more than $1 billion for previous employers through private and public equity and debt offerings, including IPOs, secondary offerings, IDBs, traditional term debt revolving lines of credit •  Former CFO of NYSE-traded company; former divisional President and COO of two hospitality companies Austin Peitz – Vice President – Field Operations •  More than 17 years of operational experience with ENSERVCO •  Responsible for all field operations at Heat Waves and Dillco Fluid Services businesses •  Directed opening of new service yards in Marcellus, Utica, Bakken and Niobrara Shale regions •  Designed ENSERVCO’s proprietary fluid heating systems for use in frac heaters and hot oiling trucks
  • 6.  Record revenue of $31.5 million leads to first full year of profitability as public company* 2012  Q4 brings all time quarterly records for revenue and earnings*  Service territory expanded into Utica Shale and Mississippi Lime regions  Strengthens financial position with new $16 million credit facility and $2 million equity raise 2011 Opens major operations centers in Bakken Shale and northern Niobrara Shale fields  Becomes a public company in July following merger with Aspen Exploration Corporation 2010  Commences operations in prolific Marcellus Shale region 2007 Acquisition of 35-year-old Dillco Fluid Services, the leading provider of water hauling, fluid disposal, frac tank rental, and well-site construction services in the Hugoton Basin Acquisition of Heat Waves Hot Oil Service, an 8-yer-old provider of hot oiling, frac 2006 heating acidizing, pressure testing & water hauling services *preliminary & unaudited; from continuing operations only
  • 7.   Record Q4 and full-year financial results* •  Q4 revenue a quarterly record $11.3 million, up 79% versus Q4 2011 •  Company achieves all-time quarterly highs for Operating Income, Adjusted EBITDA, Income After Tax •  Swings to full-year profitability on record revenue of $31.5 million (despite unprecedented warm weather during Q1 2012)   January 2013 revenue of $7.1* million represents all-time single-month record; performance driven principally by increased customer spending in Bakken & Niobrara regions   Normal winter fueling record demand across all service territories   50% increase in frac heating capacity since start of Q4 2012   Significant presence established in Utica Shale region – 5 major producers commencing work with ENSERVCO during 2013 first quarter   Existing customers have recently announced major 2013 CapEx plans in Company service territories •  Anadarko and Nobel announce multi-billion dollar drilling programs, significant portions which are expected to target DJ Basin •  EQT commits $860 million to drilling in Marcellus and Utica Shale •  Gulfport plans $350 in Utica drilling *preliminary & unaudited; from continuing operations only
  • 8. $ in millions * Unaudited; from continuing operations only
  • 9. Heat Waves Hot Oil Service Dillco Fluid Service   80% of 2012 consolidated revenue   20% of 2012 consolidated revenue   Primary services:   Primary services: •  Frac heating •  Fluid hauling •  Hot oiling •  Fluid disposal •  Acidizing •  Frac tank rental •  Pressure testing •  Well-site construction   Service area: Colorado, Pennsylvania, North   Service area: Colorado, Kansas, Oklahoma & Texas Dakota, Montana, Wyoming, Nebraska, West Virginia, Ohio, Kansas, New Mexico, Oklahoma and Texas
  • 10. Hot Oiling The circulation of heated oil or similar fluids down a well bore, where the fluid dissolves and dislodges paraffin and other hydrocarbon deposits. Related services involve the heating of oil storage tanks, which eliminates water and other soluble waste that can reduce the operator’s revenue at the refinery. Frac Heating The heating of water being used in well frac jobs to a predetermined temperature, which prevents freezing and ensures that fracking solutions mix properly. Acidizing Pumping specially formulated acids and/or chemicals into a well to dissolve materials blocking the flow of the oil or natural gas. Acidizing is most often used for increasing permeability throughout the formation, cleaning up formation damage near the wellbore and removing the buildup of materials restricting the flow in the formation. Pressure Testing The pumping of fluids into new or existing wells or other components of the well system to detect leaks. Fluid Management Services Transporting water to fill frac tanks or reservoirs at well locations, transporting contaminated production water to disposal wells, moving drilling and completion fluids to and from well locations, and transporting flow-back fluids from the well site to disposal wells
  • 11. Equipment Inventory Equipment ROI Heating equipment 50 Equipment   Cost  to   Annual  Revenue   Construct   Poten6al   Frac heaters, Hot oilers Frac  Heaters   Double  Burners  (8)   $350,000   $1,300,000  -­‐  $1,500,000   Water haulers 75 Bobtail  (1  burner)  (18)   $250,000   $650,000    -­‐      $750,000   Acidizing trucks 3 Hot  oiler  (24)   $350,000   $400,000    -­‐      $500,000   Construction units 15 Frac tanks 15 Disposal wells 3 Misc. 70 Double burner frac heater Total: 231 Bobtail frac heater Hot oiler
  • 12. North Dakota 6   Wyoming   Pennsylvania 8   7   Colorado   2   1   3   Kansas   5   4   ENSERVCO  Loca6ons   Colorado   North  Dakota   1.  Denver   6.  Killdeer   Headquarters   Bakken  Shale   2.  PlaCeville   Pennsylvania   D-­‐J  Basin  &     7.  Carmichaels    Niobrara  Shale   Marcellus  Shale  &   Rapid geographic expansion has been in Kansas   U?ca  Shale   response to customer requests for service 3.  Garden  City   Wyoming   in new basins  Mississippi  Lime   8.  Cheyenne   4.  Meade   Niobrara  Shale   5.  Hugoton  
  • 13.   Industry consists primarily of small “mom and pop” and regionally focused service providers   Significant supply/demand imbalance has resulted from E&P industry’s fast growth   Many service providers operating aging equipment with limited capacity   Most providers plagued by very high employee turnover   ENSERVCO Competitive Advantages:   Only national provider of hot oiling, well acidizing, frac heating   Modern equipment fleet outperforms most competing providers   Low employee turnover
  • 14.
  • 15. ENSERVCO is well positioned in a very active domestic energy environment:   U.S. oil output growth in 2013 expected to be fastest on record*   Domestic production expected to rise 25% between 2013 and 2014*   Growth largely attributable to horizontal drilling & hydraulic fracking*   IHS says U.S. to be number-one country for liquids production growth through 2020 *U.S. Energy Information Association
  • 16.   Capitalize on supply/demand imbalance in recently entered basins   Expand service territory into additional domestic oil & gas basins   Leverage MSAs to capture new business as E&Ps narrow their vendor lists   Pursue acquisition opportunities   Add new well-site services
  • 17. * Preliminary & unaudited; from continuing operations only ** Record annual results achieved despite unprecedented warm weather during first fiscal quarter across most service territories
  • 18. $  in  millions   December  31,   2012   Cash  &  Accts.  Rec.   $8.3   Current  assets   $9.6   Total  assets   $25.9   Working  capital   $1.6   Total  liabiliUes   $19.0   LT  debt   $10.6   Total  liabiliUes/equity   2.8   LT  debt/equity   1.6   *preliminary & unaudited
  • 19.   Leadership position in important segment of energy services sector   Energy industry’s only nationwide provider of comprehensive fluid heating solutions   Proven, entrepreneurial management team focused on enhancing shareholder value through execution of aggressive growth strategy   Company positioned to benefit from:   New wells coming on line in conventional and unconventional plays   MSAs with most major U.S. exploration and production companies   Reputation for superior service and equipment   Solid base of ongoing maintenance work positions company to withstand energy price volatility and downturn in drilling activity
  • 20. Contacts: Rick Kasch Geoff High Derek Gradwell President & CFO Principal SVP Natural Resources ENSERVCO Corporation Pfeiffer High Investor Relations, Inc. MZ North America 303-333-3678 303-393-7044 212-301-7130 rkasch@enservco.com geoff@pfeifferhigh.com dgradwell@mzgroup.us