CALGARY, Aug. 15, 2017 /CNW/ - MATRRIX Energy
Technologies Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX)
announces that Elson McDougald has
rejoined the Board of Directors of the Corporation following the
expiry of a Non-Competition Agreement entered into at the time of
the sale of CanElson Drilling Inc. that restricted him from any
involvement in the land-based contract drilling rig business.
MATRRIX also announces that Lyle
Whitmarsh has joined the Corporation as President - Rig
Division. Mr. Whitmarsh's primary responsibilities will
involve execution of the Corporation's strategic plan to
investigate entering the land-based contract drilling business to
complement its business of supplying sub-surface horizontal and
directional drilling services, solutions, and technology to oil and
gas clients in Canada.
Mr. Whitmarsh has 33 years of energy industry experience.
Mr. Whitmarsh previously held the position of President with
Trinidad Drilling from 2002 to 2008,
and Chief Executive Officer and a member of the Trinidad board of
directors until March 2017. Mr.
Whitmarsh has many years of practical hands-on experience, starting
as a rig floor hand in the early 1980's and evolving through
various operational positions, advancing into supervisory roles,
manufacturing, well servicing and later into prominent senior
management positions. Mr. Whitmarsh played a vital role in a
wide scope of endeavors including drilling depth ranges to 30,000
feet globally, including 3,000 foot wells in Southern Alberta. He has been
responsible for the overall operation of 150 rigs and is proud to
have been part of a team earning a Total Recordable Incident Rate
(TRIR) of under one. Recently, Mr. Whitmarsh served as an
intermediary board member in the Total Energy and Savanna Energy
Services merger, then acted as President of Savanna Energy Services
until July 2017. Mr. Whitmarsh has served in various
capacities with the Canadian Association of Oilwell Drilling
Contractors (CAODC) during 2005 to 2017, in Calgary, Alberta.
About MATRRIX
The Corporation commenced operations in 2011. MATRRIX has
grown its concurrent capacity of horizontal and directional
drilling systems ("Systems") organically with the acquisition and
assembly of 25 Systems as at the date of this press release.
MATRRIX has developed and implemented a proprietary system called
D2ROXTM (pronounced DEE-ROCKS) to aid the
Corporation and its oil and gas clients to drive predictable,
repeatable, cost effective, safe field operations at the rig
site. Since inception, the Corporation has maintained a
balance sheet with zero debt and a strong working capital
position.
Neither the 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.
SOURCE MATRRIX Energy Technologies Inc.