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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                           OTCBB: ENSV
52-week range                    $0.30 - $1.35
Recent price                     $0.45
Market capitalization            $9.8 million
Shares outstanding               21.8 million
Public float                     5.7 million
Enterprise value                 $24.8 million
Fiscal year end                  December 31

  Select Financial Highlights:
    2010 Revenue                   $18.6 million
    2010 Adjusted EBITDA           $2.1 million
    2011 Revenue                   $24.7 million
     2011 Adjusted EBITDA          $3.1 million
    A leading provider of well completion, well stimulation and fluid
     management services to the domestic on-shore oil and gas industry

    Company benefiting from rapid growth of drilling activity in conventional
     and unconventional fields; horizontal drilling advancements

    Customers include many of domestic energy industry’s leading
     exploration and production companies

    Reputation for modern, high-quality equipment fleet and skilled,
     responsive workforce

    Growth strategy involves rapid geographic expansion and introduction of
     new well-site service offerings
Mike Herman - Chairman and Chief Executive Officer
•  Owns 60% 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 8% of ENSV common stock
•  Former 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 President and COO of hospitality company
2012     Q2 of 2012 represented 6th consecutive quarter of Year-over-Year revenue growth


         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
          Reaches profitability in 4th quarter on 61% increase in revenue

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

          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


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


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

  Acidizing

  Pressure Testing

  Fluid Hauling

  Frac Tank Rental

  Disposal Wells

  Site Construction

  Roustabout
Heating Equipment           55
 Frac heaters, Hot oilers
Water haulers                75
Acidizing trucks              5
Construction units           25
Frac tanks                   15
Misc.                        70
Total:                      245
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 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
ENSERVCO rents 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
ENSERVCO derives revenue from its fleet of power units, which includes dozers, trenchers, motor graders,
backhoes and other heavy equipment used in road and well-site construction.
    ENSERVCO entered the Marcellus region in Jan.
     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 subsequently expanded operations into          Carmichaels, PA
     adjacent Utica Shale play

    Similar expansion model recently implemented in
     Bakken and Niobrara regions
    ENSERVCO opened new operations centers in North
     Dakota (Bakken Shale) and Wyoming (Niobrara Shale)
     during September 2011
                                                                                Bakken
    Company has built extensive customer bases in both
     regions
                                                                                 Killdeer, ND

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

    New facility in Cheyenne, WY is second yard serving
                                                                                      Platteville, CO
     Niobrara region. Combined, Cheyenne and Platteville
     facilities employ more than 25. Equipment includes frac
     heaters, hot oilers and water haulers
1



                                 1
1.  Northern Marcellus, PA
2.  Eagle Ford Shale, TX




                             2
    Generated approximately 56% of ENSERVCO’s 2011
     consolidated revenue
    Primary services:
        Frac heating
        Hot oiling
        Acidizing
        Pressure testing

    Serving customers in Colorado, Pennsylvania, North
     Dakota, Wyoming, West Virginia, Ohio, Kansas,
     Oklahoma and Texas
    Generated approximately 44% of ENSERVCO’s 2011
     consolidated revenue
    Primary services:
        Water hauling
        Water disposal
        Frac tank rental
        Pumping pressure testing
        Well-site construction & clean up
    Operations in Colorado, 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 offering to new and existing customers
* Despite 10% top-line growth, demand for Company’s core fluid heating services was severely
  restricted during the first half of 2012 due to record warm weather across most of Company’s
  service territories.
!June 30,      December 31,
                                             2012             2011
Assets
Cash & cash equivalents                $            635   $       417
Accounts receivable                    $        3,831     $     4,505
Total current assets                   $        5,944     $     6,403
Property & equipment, net              $       15,246     $    15,172
Total assets                           $       21,601     $    22,121
Liabilities
Total current liabilities              $        9,237     $     9,086
Long-term debt, less current portion   $        7,691     $     8,020
Subordinated debt                      $        1,478     $     1,478
Deferred taxes                         $            43    $       387
Equity                                 $        3,132     $     3,127
    Leadership position in mission-critical well stimulation and fluid
     management services industry

    Proven, entrepreneurial management team focused on 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

    Aggressive growth strategy
Contact:
             Geoff High
Pfeiffer High Investor Relations, Inc.
            303-393-7044
       geoff@pfeifferhigh.com

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Enservco Investor Presentation

  • 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 OTCBB: ENSV 52-week range $0.30 - $1.35 Recent price $0.45 Market capitalization $9.8 million Shares outstanding 21.8 million Public float 5.7 million Enterprise value $24.8 million Fiscal year end December 31 Select Financial Highlights: 2010 Revenue $18.6 million 2010 Adjusted EBITDA $2.1 million 2011 Revenue $24.7 million 2011 Adjusted EBITDA $3.1 million
  • 4.   A leading provider of well completion, well stimulation and fluid management services to the domestic on-shore oil and gas industry   Company benefiting from rapid growth of drilling activity in conventional and unconventional fields; horizontal drilling advancements   Customers include many of domestic energy industry’s leading exploration and production companies   Reputation for modern, high-quality equipment fleet and skilled, responsive workforce   Growth strategy involves rapid geographic expansion and introduction of new well-site service offerings
  • 5. Mike Herman - Chairman and Chief Executive Officer •  Owns 60% 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 8% of ENSV common stock •  Former 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 President and COO of hospitality company
  • 6. 2012 Q2 of 2012 represented 6th consecutive quarter of Year-over-Year revenue growth  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  Reaches profitability in 4th quarter on 61% increase in revenue 2009 Despite 50% decline in revenue following global collapse in oil prices, Company reports positive EBITDA of $414,000  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 2007 Company acquires 35-year-old Dillco Fluid Services, a provider of water hauling, fluid disposal, frac tank rental, and well-site clean-up and construction services 2006 Company founder acquires a majority interest in Heat Waves Hot Oil Service, an 8-year-old provider of hot oiling, frac heating acidizing, pressure testing & water hauling services
  • 7.   Hot Oiling   Frac Heating   Acidizing   Pressure Testing   Fluid Hauling   Frac Tank Rental   Disposal Wells   Site Construction   Roustabout
  • 8. Heating Equipment 55 Frac heaters, Hot oilers Water haulers 75 Acidizing trucks 5 Construction units 25 Frac tanks 15 Misc. 70 Total: 245
  • 9. 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.
  • 10. Fluid Management Services Services include:   transporting water to fill frac tanks or reservoirs at well locations,   transporting contaminated 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 ENSERVCO rents 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 ENSERVCO derives revenue from its fleet of power units, which includes dozers, trenchers, motor graders, backhoes and other heavy equipment used in road and well-site construction.
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  • 12.   ENSERVCO entered the Marcellus region in Jan. 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 subsequently expanded operations into Carmichaels, PA adjacent Utica Shale play   Similar expansion model recently implemented in Bakken and Niobrara regions
  • 13.   ENSERVCO opened new operations centers in North Dakota (Bakken Shale) and Wyoming (Niobrara Shale) during September 2011 Bakken   Company has built extensive customer bases in both regions Killdeer, ND   Bakken facility is located in Killdeer, ND, and employs a workforce of approximately 40. Equipment fleet includes frac heaters, hot oilers and well-site construction Niobrara machines Cheyenne, WY   New facility in Cheyenne, WY is second yard serving Platteville, CO Niobrara region. Combined, Cheyenne and Platteville facilities employ more than 25. Equipment includes frac heaters, hot oilers and water haulers
  • 14. 1 1 1.  Northern Marcellus, PA 2.  Eagle Ford Shale, TX 2
  • 15.   Generated approximately 56% of ENSERVCO’s 2011 consolidated revenue   Primary services:   Frac heating   Hot oiling   Acidizing   Pressure testing   Serving customers in Colorado, Pennsylvania, North Dakota, Wyoming, West Virginia, Ohio, Kansas, Oklahoma and Texas
  • 16.   Generated approximately 44% of ENSERVCO’s 2011 consolidated revenue   Primary services:   Water hauling   Water disposal   Frac tank rental   Pumping pressure testing   Well-site construction & clean up   Operations in Colorado, Kansas, Oklahoma & Texas
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  • 18.   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 offering to new and existing customers
  • 19. * Despite 10% top-line growth, demand for Company’s core fluid heating services was severely restricted during the first half of 2012 due to record warm weather across most of Company’s service territories.
  • 20. !June 30, December 31, 2012 2011 Assets Cash & cash equivalents $ 635 $ 417 Accounts receivable $ 3,831 $ 4,505 Total current assets $ 5,944 $ 6,403 Property & equipment, net $ 15,246 $ 15,172 Total assets $ 21,601 $ 22,121 Liabilities Total current liabilities $ 9,237 $ 9,086 Long-term debt, less current portion $ 7,691 $ 8,020 Subordinated debt $ 1,478 $ 1,478 Deferred taxes $ 43 $ 387 Equity $ 3,132 $ 3,127
  • 21.   Leadership position in mission-critical well stimulation and fluid management services industry   Proven, entrepreneurial management team focused on 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   Aggressive growth strategy
  • 22. Contact: Geoff High Pfeiffer High Investor Relations, Inc. 303-393-7044 geoff@pfeifferhigh.com