Ceiba Energy Services Inc.

Ceiba Energy Services Inc.

April 12, 2016 18:04 ET

Ceiba Energy Services Announces Opening of the Athabasca Waste Fluid Facility

CALGARY, ALBERTA--(Marketwired - April 12, 2016) - Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) is pleased to announce that it has completed the commissioning of its Athabasca waste fluid facility. The Athabasca facility is located at 07-28-68-20 W4M or approximately 30 kilometres northeast of Athabasca, Alberta. The Athabasca facility can accept waste fluids and produced water generated in oil and gas activities and adds approximately 180,000 m3 to Ceiba's annual disposal capacity. Ceiba is pleased to welcome new and existing customers into the Athabasca facility.

The Athabasca facility is the Company's third Class 1B waste fluid facility. Ceiba's next growth project is the Kaybob waste fluid facility, expected to be complete in the first half of 2017.

About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in Western Canada. Ceiba develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water.

Reader Advisory

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.

Forward-looking statements

Certain information regarding Ceiba in this news release, including management's assessment of its future development plans and access to various external sources of capital, 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'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 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.

Contact Information

  • Ceiba Energy Services Inc.
    Ian Simister

    Ceiba Energy Services Inc.
    Peter Cheung
    CFO and Corporate Secretary