Tesco Corporation Announces Bob Tessari to Retire as Chief Technology Officer

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

    HOUSTON, June 19 /CNW/ - Tesco Corporation ("TESCO") announced today that
Bob Tessari, founder and former CEO of the company is stepping down from his
position as Chief Technology Officer to assume the CEO position at Turnkey E&P
Inc. ("Turnkey"). Mr. Tessari leaves his position at TESCO effective July 16,
2007, but will remain on the board of directors of TESCO. Turnkey is an
independent oil and gas company that is focusing its oil and natural gas
acquisition, exploitation, development and production activities in the
continental United States using CASING DRILLING(R) technology developed by
    Julio M. Quintana, President and CEO of TESCO, said, "From TESCO's
inception, Bob has been the driving force to develop better and safer ways to
drill, bringing unique talents in both operations and technology to the
industry. While Bob's CTO skills will be missed, he will continue to provide
visionary leadership on the board and at the helm of Turnkey, with whom TESCO
has a close working relationship. With Bob running Turnkey, we look forward to
even more opportunities to grow and demonstrate the advantages of CASING
DRILLING(R) and expect to continue to work closely with Bob and Turnkey to
advance this key strategic technology.
    Bob Tessari said, "I knew Julio was the right man to take TESCO to the
next level when I selected him as my successor in 2005. Under his leadership,
TESCO has grown immensely and the stock price has tripled. I have lost none of
my passion for CASING DRILLING(R), but with TESCO firmly in Julio's good
hands, and CASING DRILLING(R) a proven success, I'm anxious to apply this
technology using Turnkey's purpose built rigs. At Turnkey and as a director of
TESCO, I am eager to push CASING DRILLING(R) to the next level."

    Tesco Corporation is a global leader in the design, manufacture and
service of technology based solutions for the upstream energy industry. The
Company's strategy is 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 and producing oil and gas.

    %SEDAR: 00002774E

For further information:

For further information: Anthony Tripodo, (713) 359-7000, Tesco

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