Exhibit 10.1


 


 





ENSERVCO
Reports Preliminary Unaudited Fourth Quarter Revenue of $11.4 Million, a Quarterly Record and a 78% Improvement Versus Q4 2011


Preliminary
Unaudited Full-Year Revenue Reported at Record $32.1 Million


DENVER,
CO -- (MARKETWIRE) -- 01/15/13 -- ENSERVCO Corporation (OTCQB: ENSV), a provider of well-site services to the domestic onshore
conventional and unconventional oil and gas industries, today announced preliminary, unaudited fourth quarter revenue of $11.4
million, the Company's strongest-ever quarterly top-line results and a 78% increase versus the $6.4 million reported in the fourth
quarter of 2011. The Company also reported preliminary, unaudited full-year revenue of a record $32.1 million, up 30% from $24.7
million in fiscal 2011.


The
top-line growth during the fourth quarter was fueled by strong demand at the Company's flagship Heat Waves well-enhancement division,
which expects to report record quarterly revenue of $9.9 million, up 115% versus $4.6 million in the comparable year-ago quarter.
The results exceeded by 30% Heat Waves' prior quarterly revenue record of $7.6 million.


Rick
Kasch, president and CFO, said, "The strong growth at Heat Waves resulted from successful execution of a number of initiatives
over the past year, including entry into new higher-margin service territories, the addition of several new customers, and an
ongoing expansion of our equipment fleet. We also benefitted from more normal winter weather during the fourth quarter in our
service regions as compared to the record warm temperatures experienced across the country during the 2011-2012 winter. The $5.2
million quarter-over-quarter improvement at Heat Waves more than offset a comparatively small reduction in fourth quarter revenue
at our fluid logistics division."


Kasch
said the fourth quarter top-line results are expected to fuel a significant improvement in ENSERVCO's bottom-line performance
for both the fourth quarter and full fiscal year. The Company expects to report audited full-year financial results during the
second or third week of March.


"We
are enjoying a strong start to 2013," Kasch added. "We recently commenced frac heating work with four of the five largest
oil and gas companies operating in eastern Ohio's Utica Shale region, and also are seeing robust demand in our Rocky Mountain,
Northeast and Central U.S. service territories. We are very encouraged by the current strength of our markets and believe we are
well positioned to deliver continued operational and financial growth going forward."


About
ENSERVCO

Through its various operating subsidiaries, ENSERVCO has
emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management
services. The Company owns and operates a fleet of more than 245 specialized trucks, trailers, frac tanks and related well-site
equipment. ENSERVCO operates in Colorado, Kansas, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming
and West Virginia. For more information, please visit the company's website at www.enservco.com.


 


 


 



     

     

    



 


Forward-Looking
Statements 

This news release contains information that is "forward-looking"
in that it describes events and conditions ENSERVCO reasonably expects to occur in the future. This forward-looking information
includes statements relating to our preliminary, unaudited results for the fourth quarter and full fiscal year ended December
31, 2012. 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 release understand the
significant risks attendant to the operations of ENSERVCO. ENSERVCO disclaims any obligation to update any forward-looking statement
made herein.


Contacts:

Pfeiffer High Investor Relations, Inc.

Geoff High

Phone 303-393-7044

Email: Email Contact

Web: www.pfeifferhigh.com



MZ Group

Derek Gradwell

SVP, Natural Resources

Phone: 949-259-4995

Email: Email Contact

Web: www.mzgroup.com