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November 8, 2007
Mr. Richard Magnus, Chairman of Aqua Pure Ventures reports the company processed over 3 million bbls (126 million gal) of oilfield wastewater to date. Aqua-Pure, through it’s wholly owned subsidiary, Fountain Quail Water Management LLC processes flowback and produced water in the Barnett Shale area of Texas. The client, Devon Energy Corp. requested delivery of two more “Nomad" Units. These units will be delivered and commissioned in late November of 2007. These units will increase production capacity by approximately 28%.
Mr. Jacob Halldorson, CEO of Aqua-Pure states "It has been a long arduous journey to get the technology and production to a level we are comfortable with. Improvements are continuously being identified and implemented in order to increase production and reduce costs. We are also very pleased with our decision to alter our business model from being a product manufacturer to a build, own and operate model. Although we don’t realize the large profit in the short term, this decision will result in a secure future for the Company and shareholders. The Barnett Shale alone has the potential to utilize up to 60 Nomad units. Similar shale gas reservoirs are being identified worldwide."
Aqua-Pure is a leading provider of industrial and municipal wastewater services and technology solutions that ensure environmental sustainability through utilization of patented and proprietary technologies. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "AQE".
For more information, please contact: info@aqua-pure.com or:
Jacob T. Halldorson
Chief Executive
Tel: (403) 301 4123
Harold Lauman
Officer President
Tel: (403) 301 4123.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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