CALGARY, ALBERTA–(Marketwired – June 2, 2015) –
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Millennium Stimulation Services Ltd. (“Millennium” or the “Company”) announced that it has been successfully awarded two patents by the United States Patent and Trademark Office (“USPTO”) for the use of Energized Natural Gas (ENG ™) to perform well fracturing operations. One patent relates to Millennium’s foundation application and addresses the system and method of applying natural gas as Liquefied Natural Gas (“LNG”) to fracturing fluid mixtures. The other successful patent grant addresses the methodology for creating natural gas fracturing fluids in order to gain the desired behaviors for well fracturing application. The patents for the same and an additional applications were awarded to the Company by the Canadian Intellectual Property Office (“CIPO”) in February 2015.
The Company continues to pursue these and other patent filings in the CIPO, the USPTO as well as in over 30 jurisdictions in the world under the Patent Cooperation Treaty. Millennium is also developing additional patents for further innovative technologies for various oil and gas applications.
Energizing with Natural Gas Method
ENG ™ is a well completion technology which blends natural gas with conventional frac fluids and frac sands into an oil and gas wellbore to fracture a producing formation. Millennium has developed a streamlined and efficient method of pumping natural gas for energized or foam fracturing applications. Energized fracturing has long been known to create above average oil and gas reserves recovery. Further, the ENG technology provides zero emissions by eliminating the need to vent and flare. Also the process reduces or eliminates water to ultimately provide a WATERLESS and closed fracturing system.
The ENG Process brings these significant advantages into play without the hazards of handling propane and other heavier than air natural gas liquids (“NGL’s”). The Millennium team continues to stress a high level of commitment to its health, safety and environmental responsibilities to all of its stakeholders.
Zero Emissions Energized Frac Technology
- Improved economics from better oil and gas well performance and recovery of oil and gas reserves
- Improved economics from reduced energizer cost
- Improved economics from zero flaring and reduced completion emissions
- Reduced or eliminate water requirement
- Superior energizer for oil & liquids rich gas wells
- Superior energizer when pumping hydrocarbon frac fluid
- Exceptional environmental protection with waterless fracturing and zero flaring
ENG Safety and Process
- Process based upon comprehensive Hazard and Operability Study
- LNG properties make it safe to handle
- LNG added to the frac stream at the wellhead
- LNG is pumped with existing oilfield or purpose built cryogenic pumps
- Pressure testing, system function test and purge with Nitrogen
- Proppant slurry pumped with conventional frac equipment
- Mirrors conventional fracturing for volume, proppant, frequency and fluid performance
Forward Looking Statements and Advisories
This press release contains certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) under the meaning of applicable securities laws. The use of the words “would”, “intend”, “anticipate”, “potential”, “will”, “expected”, “can”, “may”, “should” and derivations thereof and similar terms identify forward-looking statements. In particular, but without limiting the foregoing, this news release contains forward-looking statements regarding: the anticipated benefits of the patents being granted to Millennium and its shareholders; the anticipated operational benefits of utilizing the ENG technology.
The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Millennium including, without limitation, assumptions relating to the ability of Millennium to execute its current business plan and operational plans in the manner currently planned. Millennium believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct.
The forward-looking statements contained in this press release are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements, including among others: failure to realize the anticipated benefits of the ENG technology; the successful exploitation and integration of the technology; customer acceptance and demand for the technology; success in obtaining further issued patents; the validity of the patents not being challenged, and the potential development competing technologies by market competitors.
Accordingly, readers should not place undue reliance on the forward-looking statements contained herein. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date of this investor update and Millennium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Millennium Stimulation Services Ltd.
President and Chief Executive Officer
Millennium Stimulation Services Ltd.
Chief Financial Officer