CALGARY,
Dec. 16, 2013 /CNW/ - Raise
Production Inc. (TSXV:RPC) ("Raise" or the "Company") is pleased to
provide its shareholders with an update on the testing and
development of its horizontal wellbore production system (the
"System").
An upcoming deployment is the second of three
planned graduated tests of the System, and follows a successful
deployment of a prototype System in August, 2013.
This System is designed to closely resemble a
commercial configuration with pumping units that will be aligned
across the entire length of the horizontal section of the test
wellbore.
All pumping units have been assembled and
successfully tested in Raise's facilities in Calgary.
After collaboration with the Company's oil &
gas industry partner and other service providers, in light of the
holiday season deployment is scheduled for the week of January 12, 2014. The deployment will be in
the same wellbore as the previous prototype test System which is
located in a Viking reservoir near Kindersley, SK.
Raise and its oil & gas industry partner
will operate a test period for this System which is anticipated to
last at least 90 days and will provide no further commentary until
the conclusion of the testing.
Eric Laing, CEO
of the Company, commenting on this deployment said "I am very
excited to be deploying what is essentially a commercial scale
System. With what we learned from our previous installation and
covering the entire length of the lateral, I'm anticipating this
test period will materially advance our understanding of horizontal
flow management and the potential of this unique technology.
I do want to remind all shareholders that this remains a test
System and we are still in the research and development
stage."
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.
