Ridgeline Announces Pennsylvania Facility Installation Expansion of New Mexico Facility
CALGARY, April 10, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF; FSE: RL7) ("Ridgeline" or the "Company"), a technology driven Company operating in the waste water industry announces a new Punxsutawney Pennsylvania water treatment facility and expansion of its New Mexico facility.
Ridgeline is pleased to announce its entry into Pennsylvania and the Marcellus Shale with a facility project located near Punxsutawney, Pennsylvania. This agreement was executed today. The initial Single Train Commercial Unit will concentrate on produced water, with an anchor customer providing approximately 2,500-4,000 barrels of waste water per day. The Company is locating other permanent installations in the same production area to expand its logistical footprint in Western Pennsylvania. Installation of the initial STCI will begin in about thirty days.
Ridgeline has also been granted an expansion of its current facility located in Southeastern New Mexico. Shipment of Ridgeline equipment manufactured in Scottsdale, Arizona started today. The facility will grow from its current 2,500 barrel per day capacity to 5,000 barrels per day. Installation of the expansion is currently taking place and will be completed by April 19th.
Dennis M. Danzik CEO stated "Our oil and gas presence continues to grow as our large anchor customers continue to expand and look for opportunities to reduce costs through contracting with Ridgeline. Slowly, but steadily the oil and gas industry moves to a treat, and recycle model. I see the industry extending itself toward solid environmentally sound policies which save water and capital in the process. Opportunities for Ridgeline in water treatment within the oil and gas industry have never been stronger."
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is a technology driven company operating in the waste water industry. The Company is applying proprietary technology to treat water generated from industrial and commercial waste water markets. These markets include a wide variety of clients across a broad spectrum of industries including oil and gas. Through its environmental consulting and remediation divisions, Ridgeline Environment has built a reputation as an established provider of environmental services to the Western Canadian oil and gas industry. Ridgeline GreenFill provides soil remediation and wet waste disposal services to the oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M Danzik"
Dennis M Danzik
Director and
Chief Executive Officer
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
SOURCE Ridgeline Energy Services Inc.
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