Tesco Corporation Announces NASDAQ Stock Symbol Change Effective April 2, 2007



    Trading Symbol:
    "TESO" on NASDAQ
    "TEO" on TSX

    HOUSTON, TX, March 30 /CNW/ - Tesco Corporation announced today that,
effective April 2nd, its NASDAQ stock symbol will be changed to TESO to
reflect our recent transition from a foreign private issuer to a domestic
reporting issuer under the Securities Exchange Act of 1934. This change does
not affect our trading symbol on the Toronto Stock Exchange, which will remain
TEO.

    Tesco Corporation is a global leader in the design, manufacture and
service of technology based solutions for the upstream energy industry. TESCO
seeks to change the way people drill wells by delivering safer and more
efficient solutions that add real value by reducing the costs of drilling for
producing oil and gas.

    FORWARD-LOOKING STATEMENTS

    This presentation contains statements that may constitute
"forward-looking statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995. These statements include, among others,
statements regarding expectations of future revenues, activities, capital
expenditures and earnings and technical results. These statements are based on
current expectations that involve a number of risks and uncertainties, which
could cause actual results to differ from those anticipated. These risks
include, but are not limited to: the background risks of the drilling services
industry (e.g. operational risks; potential delays or changes in plans with
respect to customers' exploration or development projects or capital
expenditures; the uncertainty of estimates and projections relating to levels
of rental activities; uncertainty of estimates and projections of costs and
expenses; risks in conducting foreign operations (e.g. political and fiscal
instability) and exchange rate fluctuations); uncertainty and risks in
technical results and performance of technology; and other uncertainties.
    %SEDAR: 00002774E




For further information:

For further information: Julio Quintana, (713) 359-7000, Tesco
Corporation

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Tesco Corporation

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