Tesco Corporation Announces Third Quarter 2008 Earnings Release and Conference Call

    Trading Symbol:
    "TESO" on NASDAQ

    HOUSTON, Oct. 24 /CNW/ - Tesco Corporation has scheduled a conference
call to discuss third quarter 2008 results on Wednesday, November 5, 2008 at
10:00 a.m. CST. Financial results for the third quarter of 2008 are expected
to be released Tuesday, November 4, 2008 after the market closes. Individuals
who wish to participate in the conference call should dial US/Canada (866)
433-0163 or International (706) 679-3976 approximately five to ten minutes
prior to the scheduled start time of the call. The conference ID for this call
is 70987344.
    The conference call and all questions and answers will be recorded and
made available until December 5, 2008. To listen to the recording call (800)
642-1687 or (706) 645-9291 and enter conference ID 70987344.
    The conference call will be webcast live as well as for on-demand
listening at the Company's web site, www.tescocorp.com. Listeners may access
the call through the "Conference Calls" link in the Investor Relations section
of the site.

    Tesco Corporation is a global leader in the design, manufacture and
service of technology based solutions for the upstream energy industry. The
Corporation 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 and 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: Robert Kayl, (713) 359-7000, Tesco Corporation

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