GASFRAC Energy Services Inc.

GASFRAC Energy Services Inc.

January 20, 2011 21:55 ET

GASFRAC Energy Services Inc. Announces Incident Investigation Results

CALGARY, ALBERTA--(Marketwire - Jan. 20, 2011) - GASFRAC Energy Services Inc. (TSX VENTURE:GFS) ("GASFRAC") announces that it has completed the investigation of the incident described in its press release of January 16, 2011. The investigation was conducted by third party fire investigators working with GASFRAC personnel. The investigation concluded that a brief propane flash caused the ignition of lubricating fluids and tires on two fracturing pumpers. The isolation systems in place prevented any propane combustion beyond the initial brief flash. It was further determined that the cause of the leak was a premature mechanical failure of the low pressure side of the suction manifold of one of the quintiplex pumps. We have determined detailed corrective actions to prevent any recurrence and are in the process of implementing these actions and have targeted January 31, 2011 for recommencement of operations.

GASFRAC is an oil and gas service company headquartered in Calgary, Alberta, Canada, whose primary business is to provide LPG fracturing services to oil and gas companies in Canada and the USA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • GASFRAC Energy Services Inc.
    James M Hill
    Chief Financial Officer