Millennium Stimulation Services

Millennium Stimulation Services

February 23, 2015 08:00 ET

Millennium Announces Successful Patent Awards

CALGARY, ALBERTA--(Marketwired - Feb. 23, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Millennium Stimulation Services Ltd. ("Millennium" or the "Company") announced that it has been successfully awarded three patents by the Canadian Intellectual Property office for the use of Energized Natural Gas (ENG ™) to perform well fracturing operations.

Additional Patents

The Company continues to pursue these and other patent filings in over 30 jurisdictions in the world under the Patent Cooperation Treaty. Millennium is also developing additional patents for its innovative technologies.

Energized Natural Gas Method

ENG ™ is a well completion technology which blends natural gas with frac fluids and frac sands into an oil and gas wellbore to fracture a producing formation. Millennium has developed a streamlined and efficient method of pumping LNG in energized or foam frac applications. Energized fracturing has long been known to create above average oil and gas reserves recovery. This is especially true when there is lower flow capacity or potential flow restrictions created from a multiphase flow regime in the formation.

The ENG Process brings these significant advantages into play without the hazards of handling propane and other heavier than air natural gas liquids ("NGL's"). The Millennium team continues to stress a high level of commitment to its health, safety and environmental responsibilities to all of its stakeholders.

Zero Emissions Energized Frac Technology

  • Improved economics from better oil and gas well performance
  • Improved economics from reduced energizer cost
  • Improved economics from zero flaring and reduced completion emissions
  • Reduced or eliminate water requirement
  • Superior energizer for oil & liquids rich gas wells
  • Superior energizer when pumping hydrocarbon frac fluid
  • Exceptional environmental protection with waterless fracturing and zero flaring
  • LNG properties make it safe to handle

LNG Safety and Process

  • Hazard and Operability Study (HazOp) has been completed
  • Lighter than air, will not accumulate in low areas
  • High ignition temperature and low flame propagation speed
  • LNG is pumped with existing Nitrogen or purpose built cryogenic pumps
  • Pressure testing, system function test and purge with Nitrogen
  • LNG is stored at atmospheric pressure
  • Proppant slurry pumped with conventional frac equipment
  • LNG added to the frac stream at the wellhead

Forward Looking Statements and Advisories

This press release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking statements") under the meaning of applicable securities laws. The use of the words "would", "intend", "anticipate", "potential", "will", "expected", "can", "may", "should" and derivations thereof and similar terms identify forward-looking statements. In particular, but without limiting the foregoing, this news release contains forward-looking statements regarding: the anticipated benefits of the patents being granted to Millennium and its shareholders; the anticipated operational benefits of utilizing the ENG technology.

The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Millennium including, without limitation, assumptions relating to the ability of Millennium to execute its current business plan and operational plans in the manner currently planned. Millennium believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct.

The forward-looking statements contained in this press release are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements, including among others: failure to realize the anticipated benefits of the ENG technology; the successful exploitation and integration of the technology; customer acceptance and demand for the technology; success in obtaining further issued patents; the validity of the patents not being challenged, and the potential development competing technologies by market competitors.

Accordingly, readers should not place undue reliance on the forward-looking statements contained herein. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date of this investor update and Millennium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Contact Information

  • Millennium Stimulation Services
    Michael Heier
    President and Chief Executive Officer
    (403) 234-8144

    Millennium Stimulation Services
    Roy Ma
    Chief Financial Officer
    (403) 234-8144