SOURCE: Falconridge Oil Technologies Corp.

December 02, 2014 07:00 ET

Falconridge Oil Technologies Engages Apex Energy to Expand Business in North America

RICHMOND HILL, ON--(Marketwired - Dec 2, 2014) - Falconridge Oil Technologies Corp. (OTCQB: FROT) ("Falconridge" or the "Company") an emerging oil and gas technology company, is pleased to announce the engagement of Apex Energy Consultants Inc. ("Apex"), a Calgary, Canada based provider of energy related engineering services.

As contemplated in the Letter of Engagement ("LOE"), Apex will provide Falconridge with independent technical and engineering services and work alongside the Company's engineering team for the evaluation of prospective oil and gas assets for the purpose of deploying Falconridge's Terra Slicing Technology™ ("TST™") well enhancement and oil recovery technology.

"Based in the heart of Canada's energy sector, Apex has extensive knowledge and contacts in the oil and gas space, and we are very pleased to add their technical expertise to our own to further Falconridge's growth efforts," stated Falconridge President and CEO Mark Pellicane. "When looking at the size, scope, and potential value of projects currently under review, we feel that it's extremely important to have an outside independent resource working alongside us with the type of skill set and experience that we see in the Apex team. They will undoubtedly be a great addition to our strategy moving forward."

Apex Energy Consultants Inc. has over 20 years of experience in the oil and gas business and features a dedicated team of hydrocarbon engineers and geologists offering a wide range of services to the industry. Apex will be reviewing specific Terra Slicing projects in both North America and internationally in order to provide an expert independent third-party opinion on the feasibility and expected profitability of potential TST deployments. For additional information on Apex Energy, visit www.apexenergy.com

Terra Slicing Technology™ ("TST™") utilizes patented oil and gas completion technology to increase the production of under-performing oil and gas assets through precision excavation and cutting of damaged productive hydrocarbon zones, increasing permeability, creating previously non-existent vertical permeability, increasing the overall drainage area of the well, and avoiding further damage caused by explosive charge perforation. 

To learn more about Terra Slicing Technology ("TST"), watch this video at www.falconridgeoil.com/video.php

About Falconridge Oil Technologies Corp. (FROT)

Falconridge Oil Technologies Corp. (OTCQB: FROT) is an emerging Canadian based oil and gas company focused on licencing, developing, and deploying cutting-edge technologies to enable operators to economically increase production levels, expand known oil and gas reserves, and reduce environmental impact. Falconridge's licenced and patented third-generation Terra Slicing Technology™ ("TST™") is the best option as an alternative to traditional fracturing / fracking on existing low producing wells throughout Canada and the USA.

For additional information, visit the Company's website at www.falconridgeoil.com.

Disclaimer

This press release contains "forward-looking statements." Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future and, specifically, references to TST and its capabilities. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, that TST is positioned to become a leading alternative and improvement to traditional fracking techniques and well stimulation for most low-volume under-performing oil and gas wells, and that TST will continue to be able to increase permeability. The risk factors listed in our disclosure documents and the cautionary language on the Company's website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by the Company in its forward-looking statements. Actual results relating to, among other things, the characteristics and capabilities of TST, could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: level of exploration and drilling activities, ability to secure operations staff and equipment; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which the Company operates; technological, mechanical and operational difficulties encountered in connection with the Company's development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by the Company from time to time with the Securities and Exchange Commission and other regulatory authorities. "Terra Slicing Technology" and "TST" are trademarks of Falconridge Oil Technologies Inc. 

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