Cased Wellbore Specialists Profitable International Operations

Capital For Continued Growth

INTEGRATED PRODUCTION SERVICES LTD.

Mission

To be recognized by customers as a premier provider of cased wellbore (production) services & products

To provide shareholders with a profitable, long-term growth investment

To provide employees with rewarding, satisfying and challenging careers

Why Cased Wellbores? Provide services and products from initial

completion to final abandonment (5 – 50 years)

Stable revenue base through periods of low drilling activity, participation in high drilling through completions

New technologies and proprietary products and services for growth in all markets

Production Facts There are 200,000 active wellbores in the

Canadian basin (producer, injector, suspended, other)

Another 14,000 producing wells will be added in 2000, more in 2001

Continued wellbore growth permits continued service sector expansion

IPS provides essential services for all wellbores in oil and gas fields worldwide

New Company, New Name

INTEGRATED PRODUCTION SERVICES LTD. “IPL” on TSE

OTATCO INC.RELIANCESERVICES

GROUP LTD.

46% 54%

IPS was created April 5, 2000through the amalgamation of

OTATCO and Reliance

Competitive Advantages Integrated approach to essential

wellbore services Experienced and skilled personnel Engineering depth Patents and proprietary technologies Profitable international operations Focus on natural gas completions,

testing and production optimization

Doug RobinsonChief Executive Officer

Richard KinesChief Financial Officer

PHOENIX

Bob Duval

Wireline Manager

VIKING

Mark Stormoen

VP Gas Testing

OTATCO

Bob Copeland

VP Production Svc

Barry Lee

Executive VP, COO

David YagerPresident

BOARD OF DIRECTORS - Doug Robinson – ChairmanRob Withers, David Yager, Walter Dawson

Jamie Biluk, Keith Krausert, John Geddes, Ken Mullen

Board of Directors, Management

PREMIER SEA & LAND

Richard Ironside, VP

PROJECT MGMT, ENG

Al Ronney, VP

Management and Board Depth and Experience

Over 335 years of diversified and successful oilfield service experience

Most officers and senior managers have founded and grown one or more successful oilfield service companies

Committed to the IPS business model and production (cased wellbore) focus

Wireline Services A leading Canadian cased hole wireline companythird in Canada with 40 units New equipment, average fleet age under 3 years Capable customer interface (service & sales) Broad market coverage 25 cased hole E-line units 6 combination E-line/slickline 9 slickline

PHOENIX WIRELINE

Production Products, Services

Comprehensive oil & gas well optimization services Leading technologies for surface evaluation Production and reservoir engineering Asset management, suspended and producing wells Patented and proprietary oil tool manufacturing Well automation and diagnostic instrumention

Gas Well Testing AOF (Absolute Open Flow) testing of new and

existing wells, 28 operating crews Frac flowbacks, well cleanups In-line testing of producing wells New, portable and innovative equipment fleet that

enjoys higher utilization rates Capable personnel for high volume, high pressure,

sour operations

International Operations Asia - oilfield drilling and well servicing equipment

procurement, rental, sales and service from operations based in Singapore

Saudi Arabia – production logging and AOF gas well testing, frac flowback, for ARAMCO

Indonesia - optimization services contract for Caltex (Chevron & Texaco)

Premier Sea & Land

Project Management & Engineering Project capability – completions, workovers,

optimization, abandonments Vertically integrated business model and business

driver from desk engineers to field supervision Engineering services for internal clients (OTATCO,

Viking, Phoenix) and E&P companies

INTEGRAPROJECT MANAGEMENT &

ENGINEERING

Proprietary Technologies, Patented Products

World leader in surface reservoir pressure

measurement (acoustic pressure surveys)

17 commercial oil tool patents (29 patents in total)

Proprietary remote gas well optimization technology

Patented overbalanced tubing conveyed perforating

method

Shell Line – combination slickline/e-line

Electric hydraulic pulling tool

Canada - All Customers, All Areas

Estevan

Ft. St. John

Zama/Rainbow

High Level

Grande Prairie

Lloydminster

Red Deer

Brooks

WhitecourtSlave Lake

Medicine Hat

Calgary

Edson

Project Mgmt

& Engineering

Artificial LiftTools & Systems

AOF Gas Well Testing

SlicklineServices

Cased HoleElectric Line

Oil & Gas WellOptimizationWell Automation &

Diagnostic Instruments

InternationalMarkets

Production& ReservoirKnowledge

Integrated Production Services

Gas Well Testing

AOF gas well testing equipment (Viking)

Reservoir engineering and analysis (INTEGRA)

Log & perforate initialcompletion(Phoenix)

Gas Well Optimization

Plunger lift system sale and calibration (OTATCO)

Slickline unit for installation & service (Phoenix)

Engineering and remote control (OTATCO)

Perforating Services

Electric cased hole wireline (Phoenix)

Surface measurement technology (OTATCO)

Well inflow production engineering (INTEGRA)

Market Information

Basic Common Shares 24.9 million Fully Diluted 28.3 million Recent Price (Feb 5) $2.61/share Market Cap (Feb 5) $73.9 million 52 Week High $3.05 52 Week Low $1.40

ShareholdersAPPROXIMATELY 50% OF IPSSHARES ARE FREE TRADING

57%

4%

39%FREE TRADING

ESCROW

SCF

All IPS shares will be free trading July 10/01

Balance Sheet Summary Sep 30, 2000 ($ millions) w/SCF Funds

Current Assets $47.4 Capital Assets $25.2 Patents, Goodwill $6.9

$79.5

Current Liabilities $13.3 Bank Term Debt $7.4 9% Convertible Debentures $5.2 Future Taxes $5.6 Shareholders’ Equity $48.0

$79.5

Financial PerformanceNine Months to Sep 30, 2000

Revenue ($000) $38,942 EBITDA ($000) $8,258 Per Share $0.57 Cashflow ($000) $6,976 Per Share $0.50 Earnings Before Amort ($000) $3,268 Per Share $0.24 Earnings After Taxes $2,562 Per Share $0.19

-Provision for future taxes only. IPS is not taxable at this time -Based on 14,465,064 average fully diluted common shares

SCF Financing

$30 million equity financing in October 2000

Leading international oil service investment bank from Houston

Capital to add capacity in all business divisions to exploit high demand

Strong balance sheet, capital for expansion

Share Valuation ComparisonsNine Months to Sep 30

Price1 EPS2 P/E3

Bonus $3.25 $0.17 19 Delaney $0.70 $0.04 18 Integrated Production Svc. $2.61 $0.19 14 NQL Drilling Tools $7.02 $0.40 18 Peak $3.05 $0.10 31 Precision $57.80 $1.38 42 Ryan $1.85 $0.01 185 Tesco $18.15 $0.11 165 Trican $13.74 $0.54 25

1) Trading price on Monday February 5, 2001 2) Earnings per share for the 9 months ended Sep 30 3) Price/earnings ratio for the Jan 30 price and the Sep 30 reporting quarter

Industry Conditions

Oil and gas producers (IPS clients) enjoying record cashflow and earnings

Industry forecasts 17,5000 (PSAC) to 18,500 wells (CAODC) for 2001

International capital budgets increased

High utilization rates create opportunities to increase prices and margins

Oil prices stable, gas business in North America is real for the foreseeable future

The Future Invest in strategic related businesses and assets

maintaining cased wellbore focus

Expand value-added business model

Internation growth in core markets (SE Asia, Middle East)

Maintain and expand experienced field services team

Continue to exploit or develop new products, services & technologies

““IPL” on TSEIPL” on TSE

INTEGRATED PRODUCTION SERVICES LTD.