Palko Environmental Ltd.

Palko Environmental Ltd.

October 06, 2010 09:15 ET

Palko Environmental Announces New Facility Access in Saskatchewan

CALGARY, ALBERTA--(Marketwire - Oct. 6, 2010) - 


Palko Environmental Ltd. ("Palko") (TSX:PLK) is pleased to announce that it has entered into an arrangement (the "Arrangement") with a publicly traded, intermediate, Canadian oil and gas producer (the "Producer"). Palko will utilize the excess capacity of an oil battery and disposal well (the "Facility") owned and operated by the Producer to provide custom treating of oil emulsions, pipeline access for crude oil and disposal of water.

Leveraging Palko's single shipper and marketing agreement with Gibson Energy ULC, Palko will provide a unique logistically streamlined one-stop service for the handling and marketing of oil emulsion in South East Saskatchewan. Located in Midale, SK, the Facility includes a truck terminal for the acceptance of dry oil, custom treating for emulsions, water disposal capacity, and a direct pipeline connection to deliver oil to market. Further driving customer service and efficiency, Palko will provide accurate and accountable custody transfer and measurement through a certified Micro-Motion® measurement system.

"We are very excited about entering into this unique and mutually beneficial Arrangement. The relationship partners our Gibson single shipper agreement, treating expertise, and customer relationships with an under-utilized oil battery and disposal well", stated Steven Peterson, President of Palko. "We will now be able to provide an expanded and needed service to our current and future customers within the region. The location of the facility will allow us to leverage off our resources in place at our existing Midale full service waste facility, while advancing an innovative network based midstream strategy for our customers".

Palko estimates that the facility should ultimately provide its customers with access to approximately 10,000 cubic metres per month, in custom oil treatment and shipping capacity. The Agreement is effective October 5, 2010. 

About Palko Environmental Ltd.

Palko Environmental Ltd. is an oilfield waste management and resource recovery company headquartered in Calgary, Alberta, with facilities located across Western Canada. Palko Environmental owns and operates full service waste management facilities in Claresholm, Grande Cache, and Mayerthorpe, Alberta, and Midale, Saskatchewan, and a wastewater disposal facility in Rycroft, Alberta. Palko now also offers expanded emulsion custom treating and oil terminalling at its second facility in Midale, Saskatchewan.

Additional information about Palko Environmental Ltd. is available at and on the company's website at


Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Palko, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this document, such statements may use such words as "may", "will", "intend", "should", "expect", "believe", "plan", "anticipate", "estimate", "predict", "potential", "continue", or the negative of these terms or other similar terminology. Such statements include:

  • the statements that Palko will be able to provide unique and expanded service; and

  • the estimate that the Facility should ultimately provide Palko's customers with access to approximately 10,000 cubic metres per month in treatment and shipping capacity. 

These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this document. These statements are based on certain assumptions, including:

  • technical success in developing and operating the Facility;

  • the receipt of all necessary regulatory approvals; and

  • access to sufficient capital to develop and operate the Facility.

Although Palko believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct. There are risks which could effect Palko's future results and could cause the results to differ materially from those expressed in these forward looking statements including that regulatory approvals will not be received; the impact of governmental regulation, including environmental regulation; the possibility of technical or operational failures or delays; and the uncertainty inherent in attracting capital. Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement. Moreover, Palko does not assume responsibility for the accuracy or completeness of such forward-looking statements. The forward-looking statements included in this Press Release are made as of the date of this Press Release and Palko undertakes no obligation to publicly update or revise forward-looking statements other than as required by applicable laws. You should not place undue reliance on forward-looking statements.

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