Ridgeline Signs Two More GreenFill Facility Agreements
Agreements Mark 5th and 6th in Western Canada
Calgary, AB /PRNewswire/ - Ridgeline Energy Services Inc. (TSX-V: RLE) (OTCQX: RGDEF) ("Ridgeline" or the "Company") announces that Ridgeline GreenFill Inc. ("RGI"), a wholly-owned subsidiary of Ridgeline Energy Services, has entered into two new commercial agreements; one with Big Country Waste Management Commission ("BCWMC") and its municipal landfill site near Youngstown, Alberta; another with Southwest Waste Management Authority ("SWMA") and its municipal landfill site near Shaunavon, Saskatchewan.
Once operational, the BCWMC site will be Ridgeline's fourth facility in Alberta, and the SWMA site will be the company's second in Saskatchewan. Consistent with other GreenFill sites, these new facilities are conveniently located for oil and gas producers, thereby reducing the trucking of waste and lowering transportation costs.
Ridgeline develops GreenFill Treatment FacilitiesTM by constructing treatment and storage pads on regional landfill sites. RGI then safely transforms contaminated soil into landfill cover by utilizing biological, mechanical and chemical means.
RGI expects commercial operations to commence at both sites prior to the end of 2012, pending final approval by provincial regulatory authorities. The commercial agreements for both facilities provide for the eventual expansion into wet waste treatment and other industrial waste streams, two areas that Ridgeline has identified to have significant revenue potential.
Greg Sheppard, Operations Manager of BCWMC, stated, "We are excited to move forward with RGI on the approval, construction and operation of this facility. The oilfield waste recycling and reuse strategies employed by RGI will coincide nicely with our landfill cover operations while providing a solid revenue stream to our waste commission and the municipality."
James Leroy, Chairman of SWMA, stated, "The energy business is thriving in southeast Saskatchewan and we are eager to move forward on this project."
Tony Ker, CEO of Ridgeline, stated, "RGI's process and technology benefit communities and our clients. The municipalities we serve realize a new source of revenue, and the treated soil meets an ongoing demand for landfill cover and capping or decommissioning material. At the same time, our clients benefit from lower transportation costs and reduced liability. An added benefit is that our approach is better for the environment since we treat the soil for reuse. Under conventional methods, contaminated soil may be stored indefinitely in industrial landfill sites."
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services and water treatment company. Through its subsidiary Ridgeline Water Inc., the Company uses its technology to treat contaminated water generated by oil and gas production as well as waste water produced through other industrial and commercial processes. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established provider of environmental services to North America's oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF". Additional information is available on the Company's website at: www.ridgelinecanada.com.
"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.