NewsWescorp's Clean Water Technologies to Be Utilized in Cancen Oil's Newly Acquired Alberta Remediation Facility
February 04, 2010: 09:00 AM ET
Wescorp Energy Inc. (OTCBB: WSCE) is pleased to announce thatCancen Oil Canada Corporation (Cancen), an oilfield waste managementand processing company based in Western Canada, has acquired the TAQANorth remediation facility in Alberta, Canada. The TAQA facility isstrategically located in Edmonton, Alberta on Refinery Row. The TAQANorth acquisition is a major step in Cancen's efforts to build itsbusiness and aligns well with its growth strategy to participate inWestern Canada's $5 billion per year oilfield waste management andprocessing industry.
"We are very excited about the acquisition of the TAQA NorthFacility" comments Keith Talbot, President of Cancen Oil Canada. "TheTAQA facility is a major acquisition for Cancen and will become itsprimary facility. The TAQA facility is capable of processing in excessof 30,000 barrels of contaminated produced water and slop oil per day.Utilizing Wescorp's H2Omaxx water and HCXT solids technologies willallow us to optimize the TAQA facilities operation." Keith Talbotfurther comments "Cancen is currently in negotiations on a number ofadditional sites in Western Canada."
Doug Biles CEO and President of Wescorp commented, "One of thelargest concentrations of oil companies in the world is in WesternCanada. Cancen's newly-acquired Edmonton remediation facility is wellsituated for cleaning and disposing the contaminated waste fromcompanies located in this area. Being able to demonstrate Wescorp'stechnologies to such a large number of oil companies in such aconcentrated area will be beneficial to Wescorp and its potentialpartners in further deployment of its remediation technologies."
About Cancen
Cancen Oil Canada Corporation (www.cancenoil.com)specializes in the general cleanup and disposal of slop oil, tankbottoms, and off-spec oil. By re-processing and selling the cleanedoil, Cancen is helping to ensure that waste oil is prevented fromentering the ecosystem.
About Wescorp
Wescorp Energy Inc. (www.wescorpenergy.com)is a clean water company which provides the oil and gas industry withwater purification solutions that overcomes environmental remediationchallenges.
Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".
Safe Harbor Statement
Any statements contained herein that are not historical facts may beforward-looking statements, and involve risks and uncertainties.Potential factors could cause actual results to differ materially fromthose expressed or implied by such statements. Information on thepotential factors that could affect the Company's actual results ofoperations is included in its filings with the Securities and ExchangeCommission. These risks may be further discussed in periodic reportsand registration statements to be filed by the Company from time totime with the Securities and Exchange Commission in the future.
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