HOUSTON, TX and NEUQUEN CITY, ARGENTINA--(Marketwired - Sep 8, 2016) - Eco-Stim Energy Solutions, Inc. ("EcoStim" or "the Company") (NASDAQ: ESES) today announced that Miguel Di Vincenzo, the Company's Vice President of Sales and Technology, has been elected as of July 26, 2016 to serve as the President of the Argentine Institute of Oil & Gas Houston Chapter ("IAPG Houston"). IAPG Houston is an independent non-profit organization. It shares the principles and character of its sister organization, the Instituto Argentino del Petroleo y del Gas ("IAPG"), a non-profit organization serving the oil and gas sector of Argentina for over fifty years.
The mission of IAPG and IAPG Houston is to provide a forum for the exchange of relevant scientific, technological, commercial, and regulatory issues pertaining to the energy sector of Argentina and its related markets, to facilitate the understanding of Argentina's energy sector business environment and to foster programs for the development and growth of experienced professionals and students.
IAPG Houston holds monthly luncheon meetings from September to June each year that are open to investors, oil and gas companies, service companies and to the media. In the past, IAPG Houston has had luncheons and other events with speakers ranging from the Governor of Neuquén, Ambassador of Argentina to the U.S., the Argentina Minister of Energy and Mines, executives from many Argentine operators such as YPF, ExxonMobil, Shell, Chevron, Total as well as several Argentine service companies working in the energy business, including consulting firms such as IHS and Wood Mackenzie who are tracking key information related to the development of Argentina's oil and gas business.
J. Chris Boswell, EcoStim's President and CEO stated, "We are very proud to see Miguel take on this role and believe he will do a great job of working with IAPG Houston Board of Directors to bring interesting and relevant speakers to this organization each month and will provide a great forum for investors and industry participants alike to learn more about the exciting developments going on in Argentina."
About the Company
Eco-Stim Energy Solutions is an environmentally-focused oilfield service and technology company providing proprietary field management technologies and well stimulation and completion services to oil and gas producers drilling in the rapidly expanding international unconventional shale markets. EcoStim's proprietary methodology and technology offers the potential to decrease the number of stages stimulated in shale plays through a unique process that predicts high probability production zones while confirming those production zones using the latest generation down-hole diagnostic tools. In addition, EcoStim offers its clients completion techniques that can dramatically reduce horsepower requirements, emissions, surface footprint and water usage. EcoStim seeks to deliver well completion services with better technology, better ecology and significantly improved economics for unconventional oil and gas producers worldwide.
The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on management's experience, expectations and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although the Company believes the expectations reflected in Its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct.
Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These Include the factors discussed or referenced in the "Risk Factors" section of the Company's 10-K filed with the Securities and Exchange Commission on March 28, 2014 and risks relating to expected continued development of fracturing operations and unconventional activity in Argentina; expected financial results for past and future periods; the effects of government regulation, permitting and other legal requirements, including new legislation or regulation of hydraulic fracturing; drilling and operating risks; the adequacy of the Company's resources and liquidity; difficult and adverse conditions In the domestic and global capital and credit markets; risks related to the concentration of our operations in South America; shortages of oilfield and well stimulation service equipment, services and qualified personnel and increases in costs for such equipment, services and personnel; uncertainties about the Company's ability to successfully execute its business and financial plans and strategies; general economic and business conditions, either internationally or domestically or In the Jurisdictions In which the Company operates; competition in the oil and natural gas industry; uncertainty concerning the Company's assumed or possible future results of operations; the Company's existing indebtedness; and other important factors that could cause actual results to differ materially from those projected.
Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.