Post by
barneyboy on Nov 24, 2014 1:58pm
Filing Services Canada
Monday, November 24, 2014 Aqua-Pure Ventures, Inc. Appoints Oilfield Regulatory and E&P Industry Expert to its Board of Directors 13:30 EST Monday, November 24, 2014 Aqua-Pure Ventures, Inc. Appoints Oilfield Regulatory and E&P Industry Expert to its Board of Directors Calgary, Alberta (FSCwire) - Aqua-Pure Ventures Inc. (“Aqua-Pure” or the “Company”) (TSX: AQE), a premier recycler of oil field and shale gas wastewater, today announced that it has appointed John James Tintera, a licensed geologist and former Executive Director of the Railroad Commission of Texas (“RRC”), to its board of directors. Mr. Tintera's appointment was ratified at the Company's annual shareholder meeting on November 20, 2014. Mr. Tintera will be replacing Randy Oberlag, an active Board member since 2006 who has accepted an appointment on the Company's Advisory Board. Mr. Tintera, who currently serves as the president of the Texas Water Recycling Association and as a partner of Sebree & Tintera, LLC, an oil and gas regulatory consulting firm, spent 22 years with the RCC during which he oversaw the commission's entire regulatory process, covering drilling permits, oil spills, pollution remediation and pipeline transportation. Over his 30-years of experience in both technical and managerial capacities, Mr. Tintera is recognized for his in-depth knowledge of state and federal regulatory structure of the E&P industry. While serving as a petroleum and environmental geologist, he founded and ran the pollution cleanup section of the RRC, for which he built a team of experts to address complex environmental issues and oversaw the remediation of dozens of major oil spills in a variety of environmental settings. As a result of his extensive and senior roles, Mr. Tintera has built a strong reputation and network within the oil and gas industry and the regulatory environment that governs it. Mr. Tintera earned a Bachelor of Science in Geology from Michigan State University and a Master of Science in Geology from Bowling Green State University. “The company is grateful for Randy Oberlag's important contributions to its Board of Directors over the past eight years, particularly as it relates to the legalities surrounding environmental concerns, and we look forward to his continuing council as a member of our Advisory Board,” stated Jake Halldorson, Aqua-Pure's CEO. “We embarked on a robust diversification and growth strategy two years ago, which has yielded year-over-year revenue growth in the last seven quarters. At this stage of the Company's development, we enthusiastically welcome John Tintera to our Board. His longstanding expertise and relationships in the E&P industry, coupled with his water recycling focus will provide high credibility to Aqua-Pure as we seize the opportunity to accelerate growth.” “I have observed Aqua-Pure over many years and am pleased to see that their approach to addressing oilfield wastewater is gaining the industry recognition it deserves,” commented John Tintera. “To provide an effective, consistent, cost-efficient process to recycle produced and flowback water in an era of draught and water shortages simply makes sense. There is a reason why Aqua-Pure's NOMAD has commercially recycled over 20 million barrels of contaminated frac water and ROVER, with less than a year in the market, has recycled over one million barrels of contaminated water into clean brine – their products work extremely well. Now that environmental and economic forces are favoring recycling, I believe Aqua-Pure is extremely well positioned.” The Company also announces that 1,014,343 options were issued to employees, consultants, directors and officers of the Company. This grant is the result of adding new personnel and replacing 906,010 expired and exercised options. The options are exercisable at $0.25 per share and expire five years from date of issue. For