Announces Opening of the New Chamberlain Facility
Alberta, Nov 22, 2013 AEST (ABN Newswire) - Ceiba Energy Services Inc. ("Ceiba Energy" or the "Company") (
CVE:CEB), is pleased to announce the New Custom Treating and Water Disposal Facility opening in Strathcona County, AB.
Ceiba Energy Services announces the opening of a custom treating and water disposal facility located at 17 Street and 92 Ave in Strathcona County, AB. This new facility will provide services to producing areas such as the Redwater field to the north east and the Devon field to the south west.
The facility is capable of handling 1000 m3/day of emulsion and produced water and is designed to handle all sizes and classes of trucks from Super-B's to Tandem trucks with trailers, utilizing multiple offload points for maximum offloading efficiency and with the capability to expand further if required.
Due to the high level of advance interest from new and current clients in the area, Chamberlain will be operating as a 24 hour facility.
The opening of the Chamberlain facility will provide the Company with its second custom treating and disposal facility contributing revenue and operating margin to the Company in the fourth quarter. For pictures and additional information on the Chamberlain facility, please visit our website at www.ceibaenergy.com.
Future Plans and Outlook
With Silver Valley and Chamberlain facilities now fully operational as per Ceiba's previously announced expansion strategy for 2013, the Company is now focusing on its capital and growth plans for 2014. Ceiba expects that these plans will include expanding services at the Silver Valley facility as well as initiating waste water disposal services at its Athabasca site. The Company continues to evaluate and seek additional acquisition and expansion opportunities.
Reader Advisory
Certain information regarding Ceiba Energy in this news release, including management's assessment of the expected time of completion of the Chamberlain facility and the expected capacity of the Silver Valley facility, may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with facility construction and oilfield services operations, general risks associated with oil and gas exploration, development, production, marketing and disposal of waste, loss of markets, environmental risks, competition from other service providers, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Ceiba Energy's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements or information contained in this news release are made as of the date hereof and Ceiba Energy does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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 the accuracy of this release.
Contact
Todd Hanas
Investor Relations
Tel: +1-866-869-8072
Email: thanas@ceibaenergy.com
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