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Bullboard - Stock Discussion Forum Wescorp Energy Inc WSCEE

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Wescorp Energy Inc > News...
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Post by pioneer69 on Jun 04, 2009 10:20am

News...

Wescorp Energy Leases H2Omaxx Water Remediation Unit to Western Canadian Oil Sands Inc.
Wescorp Energy Inc
WSCE | 6/4/2009 9:03:23 AM
HOUSTON, TEXAS AND CALGARY, ALBERTA, Jun 04, 2009 (MARKETWIRE via COMTEX News Network) --

Wescorp Energy Inc. (OTCBB: WSCE), an oil and gas technology solutions provider, is pleased to announce that Western Canadian Oil Sands Inc., (WCOS), has leased a 2,000 barrel per day H2Omaxx water remediation unit to meet its Environmental Water Regulatory Requirements, for its oil sands operations in the Athabasca Oilsands in Northern Alberta, Canada. H2Omaxx is a commercially proven, safe, effective and economical process for cleaning and separating oil and solids from produced water using patented technology. Test results on the H2Omaxx unit have been shown to reduce the oil content in produced water to less than 0.001% or 10 parts per million, thereby allowing oil and gas operators to reduce, reuse, and recycle water. Wescorp will commence construction of the H2Omaxx unit during the fourth quarter and deploy it into the field upon completion. The initial term of the lease is for one year.

Western Canadian Oil Sands is a well financed Canadian , focused on exploring and developing proven oil sands in Alberta, Canada by acquiring low-risk, high impact properties. Its current land portfolio includes 5 strategic land positions, including 17 sections covering 10,880 acres in the Western Canadian Sedimentary Basin.

"We are very pleased to have the opportunity to use Wescorp's H2Omaxx water remediation technology in our oil-sands operations," commented Errin Kimball, President and CEO of Western Canadian Oil Sands. "The use of water is one of the critical issues that oil-sand operators are facing today. The H2Omaxx technology provides us with a solution that provides benefits to our company both in terms of lowering our exploration cost and lessening the impact to the environment."

"We are honored to have Western Canadian Oil Sands choose our water remediation technology as its first choice solution for its oil sand operations," commented Doug Biles, President and CEO of Wescorp Energy. "Based on 51-101 Technical Reports completed in late 2008, WCOS estimated its P50 reserves to be 409.4 million barrels of bitumen. WCOS is an aggressive and fast-moving company and Wescorp is looking forward to providing additional H2Omaxx units as its operations grow."

Western Canadian Oil Sands has agreed to allow heavy-oil operators to visit the site and view its operations. It also has agreed to share its internal data which Wescorp is confident will demonstrate that with the use of the H2Omaxx units, oil sand productivity is enhanced, production costs are significantly reduced, and vast amounts of water are being remediated, reused and recycled.

Comment by habsfank on Jun 17, 2009 11:03pm
Can anyone provide information on this company, Western Canadian Oil Sands?I can't find any information on them other than the news release.Are the public?
Comment by ike3406 on Jun 18, 2009 1:04pm
Oilsands Quest,Athabasca Oilsands..google Errin Kimball pres and ceo of western canadian oilsands..good luck.
Comment by wulfman1 on Jun 22, 2009 9:44pm
Who cares HABS... This company is amazing. What a news release!!! They sent the first unit of the 256 that were supposed to be sent 18 months ago . What a powerfull news release. The next news release one should reference how talks with  Weatherford hae stalled as they are now looking how to separate the vegetable content from CRISCO cooking oil... this could be big be patient  ...more  
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