DIVERGENT Energy Services Corp.
TSX VENTURE : DVG

DIVERGENT Energy Services Corp.

July 10, 2017 09:00 ET

DIVERGENT Energy Services Corp. Announces Linear Pump Update

CALGARY, ALBERTA--(Marketwired - July 10, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

DIVERGENT Energy Services Corp. ("DIVERGENT" or the "Corporation") (TSX VENTURE:DVG) announces that the Linear Electromagnetic Submersible Pump (the "Linear Pump") installed in a client's well in Saskatchewan on March 24, 2017, which had run successfully for nearly three months, has been removed from the well. As previously announced, the Linear Pump stopped operating during a lightning storm and that the surface equipment was undamaged, however there was an undetermined electrical issue below surface. It is still undetermined if the storm was the cause of the failure or a coincidence.

The components of the Linear Pump have each been shipped to their respective providers for inspection and servicing. An update on the status of the components will be made available once completed.

During the test, which lasted nearly 90 days, the Linear Pump performed at various rates and under a variety of scenarios that resulted in valuable data to optimize the Linear Pump's efficiency.

ABOUT DIVERGENT ENERGY SERVICES CORP.

Headquartered in Calgary, Alberta, DIVERGENT Energy Services Corp. provides an array of Artificial Lift products and services that are used in the oil and gas industry. Products include Electromagnetic Pumps, Electric Submersible Pumps, and Electric Submersible Progressing Cavity Pumps.

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.

This news release may contain certain forward-looking information and statements. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information

  • Ken Berg
    President and Chief Executive Officer

    Scott Hamilton
    Chief Financial Officer

    DIVERGENT Energy Services Corp.
    1500, 715 - 5th Ave SW, Calgary, AB T2P 2X6
    (403) 543-0060
    (403) 543-0069 (FAX)
    www.divergentenergyservices.com