Aqua-Pure Ventures, Inc. Appoints Richard Broderick as President of Fountain Quail Water Management
14 11월 2013 - 9:00PM
Business Wire
30-year Industry Veteran Assumes Chairman
Position of Fountain Quail’s Recently Launched Joint Venture with
Select Energy
Aqua-Pure Ventures Inc. (“Aqua-Pure” or the “Company”) (TSX:
AQE), a premier recycler of oil field and shale gas wastewater,
today announced that it has promoted Richard Broderick, a 30 year
veteran of the oil and gas exploration industry, to the position of
president of its wholly owned subsidiary, Fountain Quail Water
Management (“Fountain Quail”). Mr. Broderick replaces Delzon
Elenburg, the founder and president of Fountain Quail since its
inception in 1999. Mr. Elenburg will remain in senior management
with the Company to support the leadership transition and to aid in
the company’s continued growth.
Richard Broderick joined Fountain Quail in September 2012 as
Vice President Corporate and Business Development, and in September
2013 Mr. Broderick was named chairman of FQS Venture, an exclusive
partnership between Fountain Quail and Select Energy Services to
address oil and gas wastewater recycling. Prior to joining Fountain
Quail, Mr. Broderick’s career spanned 29 years with Schlumberger,
one of the world’s leading oilfield services company, where his
duties ranged from engineering field work, operations management,
sales and marketing to quality and safety assurance. In 2004, Mr.
Broderick was promoted into Schlumberger Water Services division as
general manager of North America from which he rose to Global
Leader Oil and Gas Sector Water Services until his retirement.
During his tenure at Schlumberger, he served in several senior
capacities, including marketing and technique manager for
Schlumberger East Africa/East Mediterranean Geomarket, where he
negotiated service programs for BG, BP, Shell, Apache, Repsol and
AGIP joint ventures. Prior to that he managed the company’s QHSE
(quality, health, safety & environment) staff in the United
Kingdom, where he oversaw the implementation of a common HSE
management system and competency assurance program across all of
Schlumberger’s business lines. Mr. Broderick received a Bachelor of
Science in Mechanical Engineering from the University of
Connecticut.
Commenting on Mr. Broderick’s appointment, Jake Halldorson,
Aqua-Pure’s CEO, said, “Over the last year, we have gained a full
appreciation of Richard’s capabilities. His expertise in servicing
oil and gas industry leaders has fortified Fountain Quail’s
management team and bolstered our progress in penetrating target
markets. Richard is a proven leader, a talented engineer and a
powerful proponent of our recycling technology. We look forward to
Richard’s leadership in further expanding the company’s customer
base and technology applications.”
“We have entered a highly productive period for frac water reuse
and recycling. Oil and gas production companies have been searching
for an economic alternative to the status quo of water procurement
and disposal. Over the last 9 to 12 months, the economics have
begun to shift favorably toward recycling wastewater,” stated Mr.
Broderick. “At Schlumberger I was able to assess a great number of
recycling technologies. I was always particularly impressed with
Fountain Quail’s evaporator and clarifier technology, which have
proven to be a highly effective method for removing contaminants
from frac flowback and produced water at or near the well site,
enabling a reuse of water that is not only cost efficient, but
environmentally preferable. I have never been more eager to head up
an effort such as Fountain Quail – long in oil field talent and
superlative technology at a time when market trends are decidedly
breaking in our favor.”
For more information, please contact:
info@aqua-pure.com or:
Jacob T. Halldorson Karim Teja
Yvonne Zappulla Chief Executive Officer
Chief Financial Officer Grannus Financial Advisors, Inc. (403) 301
4123 ext 27 (403) 301 4123 ext 26 (212) 681-4108
About Aqua-Pure Ventures
Inc.
Aqua-Pure (www.aqua-pure.com) is the premier recycler of oil
field wastewater in North America. The Calgary and Texas based firm
has developed and commercialized a cutting-edge, cost effective
water recycling technology that transforms wastewater from a
liability to an asset. Aqua-Pure's oil and gas wastewater services
and technology solutions enhance environmental sustainability
through the utilization of patented and proprietary technologies.
The Corporation's common shares are listed on the TSX Venture
Exchange under the trading symbol "AQE."
About Select Energy
Services
Houston-headquartered Select Energy Services, LLC, (Select)
is an industry leader in delivering innovative and efficient
end-to-end water solutions and well-site services to energy
producers through its two business segments WaterOne™ and WellOne™
and its multi-service integrated water solutions package,
Fluidity™. With more than 5,000 employees and $1 billion in
annualized revenues, Select effectively and safely sources,
transports, tests, treats and disposes of water and fluids from
well sites within every major North American shale play in an
environmentally conscientious manner. For more information,
visit www.selectenergyservices.com
Forward-looking Statements:
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the Company’s future operations. Forward-looking statements
consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if
they do occur, what benefits the Company will obtain from them.
These forward-looking statements reflect management’s current
views and are based on certain expectations, estimates and
assumptions which may prove to be incorrect. A number of
risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by the forward-looking
statements, including: (1) a continued downturn in general economic
conditions in North America and internationally, (2) the inherent
uncertainties associated with the demand for oil and gas,
(3) federal and local government regulations that affect the
oil and gas drilling industries (4) the risk that the Company does
not execute its business plan, (5) inability to finance operations
and growth (6) inability to retain key management and
employees, (7) ; an increase in the number of competitors with
larger resources, and (8) other factors beyond the Company’s
control. These forward-looking statements are made as of the date
of this news release and the Company intends to update such forward
looking information in the Company's MD&A in the event that
actual results differ materially from such forward-looking
statements contained herein. Additional information about
these and other assumptions, risks and uncertainties are set out in
the “Risks and Uncertainties” section in the Company’s MD&A
filed with Canadian security regulators.
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 release.
Aqua-Pure Ventures Inc.Jacob T. Halldorson, (403) 301 4123 ext
27Chief Executive OfficerorKarim Teja, 403-301 4123 ext 26Chief
Financial OfficerorGrannus Financial Advisors, Inc.Yvonne Zappulla,
212-681-4108
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