CALGARY,
Feb. 14, 2013 /CNW/ - Raise
Production Inc. (TSX-V: RPC) ("Raise" or the "Company") is pleased
to announce that it has been recognized by the TSX Venture Exchange
as one of the 2013 TSX Venture 50, a ranking of strong performing
companies on the TSX Venture Exchange.
The TSX Venture 50 annually awards the top ten
companies listed on the TSX Venture Exchange, in each of five major
industry sectors - Oil and Gas, Mining, Technology & Life
Sciences, Diversified Industries and Clean Technology. The
companies were chosen based on their share price appreciation,
trading volume, market capitalization, growth and analyst coverage,
as of December 31, 2012.
Raise achieved the fifth position out of the ten
companies selected in the Diversified Industries sector.
Eric Laing, CEO
of the Company, said "we are honoured to be selected for this award
by the TSX Venture Exchange. This is an exciting time for
Raise as we move toward testing our horizontal well bore production
management system. I would like to sincerely thank all of our
employees and directors for their significant efforts towards our
goal of commercializing our technology."
About Raise Production Inc.
The Company is an innovative oilfield service
company that focuses its efforts on the production service sector,
utilizing its patented products to enhance and increase ultimate
production in both conventional and unconventional horizontal oil
and gas wells.
This news release contains certain forward-looking
statements. All statements, other than statements of
historical fact, are forward looking statements that involve
various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from these anticipated in
such statements.
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.
SOURCE Raise Production Inc.