MORPHEUS ANNOUNCES STRATEGIC PARTNERSHIP

MORPHEUS ENERGY SERVICES ANNOUNCES STRATEGIC PARTNERSHIP WITH CANADA’S PROSTAR ENERGY AND SECURES FINANCING FROM TRIWEST CAPITAL PARTNERS

PRESS RELEASE - Brisbane, Australia

March 5, 2021

Morpheus Energy Services (“Morpheus”),  a new, Australian based, workover and  completion well service  specialist,  is  pleased  to  announce  that  it  has  secured  exclusive  access  to  automated  rig technology manufactured by Prostar Energy LP (“Prostar”).  Prostar’s rig technology, in combination with the Morpheus team’s extensive experience in the well service industry in Australia, brings leading service rig technology to the Australian marketplace.   Morpheus is scheduled to have its first fully automated service rig, using Prostar technology, available in the marketplace in the second half of 2021, with manufacturing of  rig components in Queensland, Australia commencing in the coming months.