SOURCE: Freestone Resources, Inc.

April 17, 2013 09:00 ET

Freestone Resources Announces an Update on the Aqueous' Freshwater Load Out Facility

DALLAS, TX--(Marketwired - Apr 17, 2013) - Freestone Resources, Inc. (OTCQB: FSNR) announces that its joint venture, Aqueous Services, LLC is currently undergoing the final testing and preparation of the Aqueous freshwater load out facility in the Eagle Ford region of South, Texas in anticipation of opening at full capacity next week.

The Aqueous freshwater load out facility, located near Nixon, Texas, has two fully automated trucking terminals that have been designed to provide an accessible source of freshwater from the Carrizo Aquifer, 24 hours a day, seven days a week. Using state of the art supervisory control and data acquisition (SCADA) systems, water is delivered with just a touch of a keypad. This facility will have on hand 28,000 barrels of storage capacity and the necessary backup equipment to ensure that water is available when vendors need access to this vital resource.

Aqueous also has a marketing and development team currently working in the region to inform potential vendors of company's easily accessible freshwater supply. This same team is simultaneously working to implement a centralized frac and produced water recycling program on the facility with a proven technology that has been in operation, and is currently utilized in other regions throughout the United States. As this program develops, Freestone and Aqueous will announce its progress in which both companies see as a vital component to sustainable water resource management within the oil and gas industry.

About Aqueous Services, LLC:
Aqueous Services is a joint venture between Freestone Resources, Inc., Pajarito W&M, LP. and International Aqueous Industries, LLC for the purpose of developing a shale oil and gas water management facility in Wilson County, Texas.

About Freestone Resources, Inc.:
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release and other potential future plans and objectives of the company, are forward-looking statements that involve 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 those anticipated in such statements.

Contact Information

  • Freestone Resources, Inc.
    Don Edwards