Ridgeline signs two more GreenFill facility agreements
Agreements Mark 5(th) and 6(th) in Western Canada
CALGARY, June 21, 2012 /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 Facilities(TM) 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
James Leroy, Chairman of SWMA, stated, “The energy business is thriving
in southeast Saskatchewan and we are eager to move forward on this
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
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
SOURCE Ridgeline Energy Services Inc.