On November 27, 2018, Trinidad Drilling Ltd. announced that Ensign Energy Services Inc. has confirmed to the Company that Ensign Energy's wholly-owned subsidiary Ensign Holdings Inc. has taken up approximately 56.38 per cent of the common shares of the Company tendered to its offer for the Company shares at $1.68 per share, which together with the 26,863,239 Company shares already owned by Ensign Energy, represents approximately 66.18 per cent of the issued and outstanding Company shares. The Company stated that subsequent to the announcement by Ensign Energy that it had taken up the Company shares, Precision Drilling Corporation provided written notice to the Company that it was terminating the arrangement agreement between the Company and Precision Drilling dated October 5, 2018, and issued a news release confirming same. The Company also stated that the Company's special meeting of shareholders scheduled to be held on December 11, 2018, has been cancelled. In addition, the Company stated that subsequent to such termination, the Company and Ensign Energy reached agreement that the Company board of directors would serially resign and appoint 5 Ensign Energy nominees: Robert H. Geddes, Gary Casswell, James B. Howe, Len O. Kangas, and John G. Schroeder to the Company's board. Accordingly, the current board of directors has resigned and has been replaced by 5 nominees of Ensign who are currently members of the Company’s board.