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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 a Form 10-K
filed on March 30 2012. 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


*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 - $1.35
Recent price (1/9/13)                        $0.70
Shares outstanding*                          31.7 million
Market capitalization*                       $22.2 million
Warrants*                                    6.0 million
Options*                                     3.1 million
Public float*                                11.5 million
Cash*                                        $720,000
Fiscal year end                              December 31

* Reflects impact of a new $16 million credit facility and a $2 million
  private placement of equity, both completed subsequent to close of
  the 2013 third quarter.
    A leading provider of well completion, well stimulation and fluid management services,
     and only national provider of hot oiling, well acidizing and frac heating services to the
     domestic on-shore oil and gas industry
    Benefiting from dramatic increase of domestic oil and gas reserves; active drilling in
     conventional and unconventional fields; increased hydraulic fracturing and horizontal
     drilling
    Customers include many of domestic energy industry’s leading exploration and
     production companies
    Roughly 55% of revenue derived from non-cyclical, maintenance-related work
    Reputation for modern, high-quality equipment fleet and skilled, responsive workforce
    Growth strategy involves geographic expansion, market share gains and introduction of
     new well-site service offerings
    Company developed first U.S. frac heater in late 1990s
Mike Herman - Chairman and Chief Executive Officer
•  Owns 55% 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 Chairman and owner of Key Food Ingredients LLC, a global supplier of dehydrated vegetables. Sold Key
   Food in 2007
•  Former Chairman and majority owner of Telematrix, Inc., a provider of telecommunications equipment to the
   worldwide hotel and hospitality industry. Sold majority stake in 2006
Rick Kasch – President and Chief Financial Officer
•  Owns approximately 5% of ENSV common stock
•  Responsible for ENSERVCO operations since Company inception
•  Former head of operations and CFO of ENSERVCO’s predecessor businesses, Dillco & Heat Waves. Completed
   acquisitions with Mike Herman and then launched ENSERVCO
•  Former CFO of Key Food Ingredients, LLC
•  Extensive operating, financial management, capital formation and public company operational management
   experience. Helped raise more than $1 billion for previous employers through private and public equity and debt
   offerings, including IPOs, secondary offerings, IDBs, and traditional term debt and revolving lines of credit
•  Former CFO of NYSE-traded company; former divisional President and COO of major hospitality company
 Reports record full-year revenue of $32.1 million*
        Q4 revenue* represents best-ever quarterly performance, and a 78% increase versus prior-year quarter
2012    Expands service territory into burgeoning Utica Shale and Mississippi Lime regions
         Strengthens financial position with new $16 million credit facility and $2 million equity raise

        Opens major operations centers in Bakken Shale and northern Niobrara Shale fields
2011    Full-year revenue increases 32% to $24.7 million from prior year
        Full-year adjusted EBITDA improves 47% to $3.1 million from prior year

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

2009   Company reports positive EBITDA of $414,000, despite 50% decline in revenue following global collapse in oil prices

        Remaining interest in Heat Waves acquired
2008    Full-year revenue reaches $30.6 million, up 178% from 2007
        Full-year EBITDA improves 295% to $7.5 million versus 2007

       Company acquires 35-year-old Dillco Fluid Services, a provider of water hauling, fluid disposal, frac tank rental,
2007   and well-site construction services

       Company founder acquires a majority interest in Heat Waves Hot Oil Service, an 8-yer-old provider of
2006
       hot oiling, frac heating acidizing, pressure testing & water hauling services
       *preliminary, unaudited
  Hot Oiling
  Frac Heating

  Acidizing

  Pressure Testing

  Fluid Hauling

  Frac Tank Rental

  Disposal Wells

  Site Construction

  Roustabout
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 fracing 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
Services include:
   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
ENSERVCO owns and operates a fleet of trucks, each of which has a hauling capacity ranging from 80 to
140 barrels.

Frac Tank Rental
Rental of frac tanks to oilfield operators for storage of fluids at the well site. The tanks have a capacity of up
to 500 barrels and are used for storage of fresh water, salt water, flowback, temporary production and mud.
Frac tanks are used during all phases of the life of a producing well.

Construction and Roustabout Services
Construction of service roads and well pads utilizing ENSERVCO’s fleet of power units, which includes
dozers, trenchers, motor graders, backhoes and other heavy equipment
Heating Equipment           55
 Frac heaters, Hot oilers
Water haulers                75
Acidizing trucks              5
Construction units           25
Frac tanks                   15
Misc.                        70
Total:                      245
North Dakota

                       6	
  


Wyoming	
  

                                                                      Pennsylvania
                                                                         7	
  
Colorado	
  
         1	
   2	
  
                                3	
   Kansas	
  
                           5	
   4	
  




                                                         ENSERVCO	
  Loca?ons	
  
                                                   Colorado	
                                 North	
  Dakota	
  
                                                   1.	
  Denver	
                             6.	
  Killdeer	
  
                                                          Headquarters	
                             Bakken	
  Shale	
  
                                                   2.	
  Pla-eville	
                         Pennsylvania	
  
                                                   D-­‐J	
  Basin	
  &	
  	
                  7.	
  Carmichaels	
  
                                                   Niobrara	
  Shale	
                               Marcellus	
  Shale	
  &	
  
                                                   Kansas	
                                          U?ca	
  Shale	
  
                                                   3.	
  Garden	
  City	
                     Wyoming	
  
                                                                	
  Mississippi	
  Lime	
     8.	
  Cheyenne	
  
                                                   4.	
  Meade	
                                     Niobrara	
  Shale	
  
                                                   5.	
  Hugoton	
  
    ENSERVCO entered the Marcellus region in January
     2010 to provide frac-heating services to a large, longtime
     customer

    One year later, ENSERVCO was providing frac heating,
     hot oiling and water hauling services to 12 major E&Ps in
     the region

    Company expanded operations into adjacent / underlying
     Utica Shale play in 2012. By January 2013, Company           Carmichaels, PA

     had begun servicing 4 of 5 largest operators in the play

    Fracking techniques in Utica require much higher fluid
     temperatures than in Marcellus. Fluid heating demand in
     Utica extends over much of the year, versus 4 to 5 month
     heating season in Marcellus
    ENSERVCO opened new operations centers in North
     Dakota (Bakken Shale) and Wyoming (Niobrara Shale)
     during September 2011                                                       Bakken

    Company has established extensive customer rosters in
     both regions                                                                 Killdeer, ND



    Bakken facility, in Killdeer, ND, employs a workforce of
     approximately 40. Service fleet includes frac heaters, hot
     oilers and well-site construction equipment                            Niobrara
                                                                  Cheyenne, WY

    New facility in Cheyenne, WY is second yard serving
     Niobrara region. Combined, Cheyenne and Platteville                               Platteville, CO

     facilities employ more than 25. Equipment includes frac
     heaters, hot oilers and water haulers
    Generated approximately 75% of ENSERVCO’s 2012
     consolidated revenue
    Primary services:
        Frac heating
        Hot oiling
        Acidizing
        Pressure testing

    Serving customers in Colorado, Pennsylvania, North
     Dakota, Montana, Wyoming, Nebraska, West Virginia,
     Ohio, Kansas, New Mexico, Oklahoma and Texas
    Generated approximately 25% of ENSERVCO’s 2012
     consolidated revenue
    Primary services:
        Water hauling
        Water disposal
        Frac tank rental
        Well-site construction
    Operations in Kansas, Oklahoma & Texas
    Capitalize on supply/demand imbalance in recently entered basins

    Expand service territory into additional domestic oil & gas basins

    Leverage Master Service Agreements to capture new business as
     E&Ps narrow their vendor lists

    Expand well-site service offerings
* Full-year record. Preliminary and unaudited.
Subsequent to the close of the third quarter, ENSERVCO closed on a $16 million credit facility with PNC
Bank, and a $2 million private placement of equity. The below pro forma balance sheet reflects the impact of
the credit facility and equity sale. See Note 11 to Company’s Q3 financial statements for more detail.
    Leadership position in well stimulation and fluid management services, and
     only national provider of hot oiling, well acidizing and frac heating services
     to the domestic on-shore oil and gas industry
    Energy industry’s only nationwide provider of comprehensive fluid heating
     solutions
    Proven, entrepreneurial management team focused on aggressive growth
    Company positioned to capitalize on significant imbalance in well-site
     service supply and demand
    Master Service Agreements with blue-chip customer base
    Extensive modern equipment fleet
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 Forward-Looking Statements and Non-GAAP Measures

  • 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 a Form 10-K filed on March 30 2012. 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 *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 - $1.35 Recent price (1/9/13) $0.70 Shares outstanding* 31.7 million Market capitalization* $22.2 million Warrants* 6.0 million Options* 3.1 million Public float* 11.5 million Cash* $720,000 Fiscal year end December 31 * Reflects impact of a new $16 million credit facility and a $2 million private placement of equity, both completed subsequent to close of the 2013 third quarter.
  • 4.   A leading provider of well completion, well stimulation and fluid management services, and only national provider of hot oiling, well acidizing and frac heating services to the domestic on-shore oil and gas industry   Benefiting from dramatic increase of domestic oil and gas reserves; active drilling in conventional and unconventional fields; increased hydraulic fracturing and horizontal drilling   Customers include many of domestic energy industry’s leading exploration and production companies   Roughly 55% of revenue derived from non-cyclical, maintenance-related work   Reputation for modern, high-quality equipment fleet and skilled, responsive workforce   Growth strategy involves geographic expansion, market share gains and introduction of new well-site service offerings   Company developed first U.S. frac heater in late 1990s
  • 5. Mike Herman - Chairman and Chief Executive Officer •  Owns 55% 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 Chairman and owner of Key Food Ingredients LLC, a global supplier of dehydrated vegetables. Sold Key Food in 2007 •  Former Chairman and majority owner of Telematrix, Inc., a provider of telecommunications equipment to the worldwide hotel and hospitality industry. Sold majority stake in 2006 Rick Kasch – President and Chief Financial Officer •  Owns approximately 5% of ENSV common stock •  Responsible for ENSERVCO operations since Company inception •  Former head of operations and CFO of ENSERVCO’s predecessor businesses, Dillco & Heat Waves. Completed acquisitions with Mike Herman and then launched ENSERVCO •  Former CFO of Key Food Ingredients, LLC •  Extensive operating, financial management, capital formation and public company operational management experience. Helped raise more than $1 billion for previous employers through private and public equity and debt offerings, including IPOs, secondary offerings, IDBs, and traditional term debt and revolving lines of credit •  Former CFO of NYSE-traded company; former divisional President and COO of major hospitality company
  • 6.  Reports record full-year revenue of $32.1 million*  Q4 revenue* represents best-ever quarterly performance, and a 78% increase versus prior-year quarter 2012  Expands service territory into burgeoning Utica Shale and Mississippi Lime regions   Strengthens financial position with new $16 million credit facility and $2 million equity raise  Opens major operations centers in Bakken Shale and northern Niobrara Shale fields 2011  Full-year revenue increases 32% to $24.7 million from prior year  Full-year adjusted EBITDA improves 47% to $3.1 million from prior year  Becomes a public company in July following merger with Aspen Exploration Corporation 2010  Commences operations in prolific Marcellus Shale region 2009 Company reports positive EBITDA of $414,000, despite 50% decline in revenue following global collapse in oil prices  Remaining interest in Heat Waves acquired 2008  Full-year revenue reaches $30.6 million, up 178% from 2007  Full-year EBITDA improves 295% to $7.5 million versus 2007 Company acquires 35-year-old Dillco Fluid Services, a provider of water hauling, fluid disposal, frac tank rental, 2007 and well-site construction services Company founder acquires a majority interest in Heat Waves Hot Oil Service, an 8-yer-old provider of 2006 hot oiling, frac heating acidizing, pressure testing & water hauling services *preliminary, unaudited
  • 7.   Hot Oiling   Frac Heating   Acidizing   Pressure Testing   Fluid Hauling   Frac Tank Rental   Disposal Wells   Site Construction   Roustabout
  • 8. 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 fracing 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.
  • 9. Fluid Management Services Services include:   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 ENSERVCO owns and operates a fleet of trucks, each of which has a hauling capacity ranging from 80 to 140 barrels. Frac Tank Rental Rental of frac tanks to oilfield operators for storage of fluids at the well site. The tanks have a capacity of up to 500 barrels and are used for storage of fresh water, salt water, flowback, temporary production and mud. Frac tanks are used during all phases of the life of a producing well. Construction and Roustabout Services Construction of service roads and well pads utilizing ENSERVCO’s fleet of power units, which includes dozers, trenchers, motor graders, backhoes and other heavy equipment
  • 10. Heating Equipment 55 Frac heaters, Hot oilers Water haulers 75 Acidizing trucks 5 Construction units 25 Frac tanks 15 Misc. 70 Total: 245
  • 11. North Dakota 6   Wyoming   Pennsylvania 7   Colorado   1   2   3   Kansas   5   4   ENSERVCO  Loca?ons   Colorado   North  Dakota   1.  Denver   6.  Killdeer   Headquarters   Bakken  Shale   2.  Pla-eville   Pennsylvania   D-­‐J  Basin  &     7.  Carmichaels   Niobrara  Shale   Marcellus  Shale  &   Kansas   U?ca  Shale   3.  Garden  City   Wyoming    Mississippi  Lime   8.  Cheyenne   4.  Meade   Niobrara  Shale   5.  Hugoton  
  • 12.   ENSERVCO entered the Marcellus region in January 2010 to provide frac-heating services to a large, longtime customer   One year later, ENSERVCO was providing frac heating, hot oiling and water hauling services to 12 major E&Ps in the region   Company expanded operations into adjacent / underlying Utica Shale play in 2012. By January 2013, Company Carmichaels, PA had begun servicing 4 of 5 largest operators in the play   Fracking techniques in Utica require much higher fluid temperatures than in Marcellus. Fluid heating demand in Utica extends over much of the year, versus 4 to 5 month heating season in Marcellus
  • 13.   ENSERVCO opened new operations centers in North Dakota (Bakken Shale) and Wyoming (Niobrara Shale) during September 2011 Bakken   Company has established extensive customer rosters in both regions Killdeer, ND   Bakken facility, in Killdeer, ND, employs a workforce of approximately 40. Service fleet includes frac heaters, hot oilers and well-site construction equipment Niobrara Cheyenne, WY   New facility in Cheyenne, WY is second yard serving Niobrara region. Combined, Cheyenne and Platteville Platteville, CO facilities employ more than 25. Equipment includes frac heaters, hot oilers and water haulers
  • 14.   Generated approximately 75% of ENSERVCO’s 2012 consolidated revenue   Primary services:   Frac heating   Hot oiling   Acidizing   Pressure testing   Serving customers in Colorado, Pennsylvania, North Dakota, Montana, Wyoming, Nebraska, West Virginia, Ohio, Kansas, New Mexico, Oklahoma and Texas
  • 15.   Generated approximately 25% of ENSERVCO’s 2012 consolidated revenue   Primary services:   Water hauling   Water disposal   Frac tank rental   Well-site construction   Operations in Kansas, Oklahoma & Texas
  • 16.
  • 17.   Capitalize on supply/demand imbalance in recently entered basins   Expand service territory into additional domestic oil & gas basins   Leverage Master Service Agreements to capture new business as E&Ps narrow their vendor lists   Expand well-site service offerings
  • 18. * Full-year record. Preliminary and unaudited.
  • 19. Subsequent to the close of the third quarter, ENSERVCO closed on a $16 million credit facility with PNC Bank, and a $2 million private placement of equity. The below pro forma balance sheet reflects the impact of the credit facility and equity sale. See Note 11 to Company’s Q3 financial statements for more detail.
  • 20.   Leadership position in well stimulation and fluid management services, and only national provider of hot oiling, well acidizing and frac heating services to the domestic on-shore oil and gas industry   Energy industry’s only nationwide provider of comprehensive fluid heating solutions   Proven, entrepreneurial management team focused on aggressive growth   Company positioned to capitalize on significant imbalance in well-site service supply and demand   Master Service Agreements with blue-chip customer base   Extensive modern equipment fleet
  • 21. 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