Palko Environmental Ltd.
TSX : PLK

Palko Environmental Ltd.

October 13, 2010 07:00 ET

Palko Environmental Announces the Formation of Technical Advisory Group

CALGARY, ALBERTA--(Marketwire - Oct. 13, 2010) -

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Palko Environmental Ltd. ("Palko") (TSX:PLK) is pleased to announce the formation of a Technical Advisory Group (the "Group"). The Group will act as an innovation forum to assess and apply leading edge treatment technologies and processes to oilfield wastes.

The Group is comprised of the following four individuals from the Schulich School of Engineering at the University of Calgary:

    Dr. Anil K. Mehrotra, Ph.D., P.Eng., is a Professor at, and the Interim Dean of, the Schulich School of Engineering, as well as the Director of the Centre for Environmental Engineering Research and Education (CEERE). Dr. Mehrotra's research expertise includes the transport and thermophysical properties of crude oils and bitumens, the kinetics and mechanism of solids deposition and fouling, and the remediation of contaminated soils and methane oxidation by biofiltration. Dr. Mehrotra has provided consulting services to a number of industry and government organizations.
    Dr. Thomas G. Harding, Ph.D., P.Eng. is a Professor, and the Associate Head of Undergraduate Studies, at the Schulich School of Engineering. Dr. Harding joined the School in 2004 after a 28-year career in the petroleum industry. He has varied engineering experience related to heavy oil, conventional oil and gas production operations both domestic and international. His main areas of research interest are in advanced oil recovery, including methods for heavy oil and oil sands extraction and enhanced recovery of conventional oil, and management of produced water associated with oil and gas recovery operations with work emphasizing minimization of fresh water usage for hydrocarbon recovery and beneficial reuse and recycling of produced water. His current work is focused on removal of organic contaminants in produced water from thermal oil recovery operations.
    Dr. Maen Husein, Ph.D., P.Eng., is an Associate Professor, and currently the Associate Head of Graduate Studies, in the Department of Chemical Engineering at the Schulich School of Engineering. Dr. Husein's research focus is on the energy and environment and application of nanotechnology to optimize energy recovery from primary sources while reducing the associated environmental impact. More specifically, Dr. Husein is currently working on in-situ upgrading of heavy oil and the removal of H2S associated with it as well as the removal of organic and ionic contaminants, including heavy metals, from produced water.
    Dr. Nader Mahinpey, Ph.D., P.Eng., is an Associate Professor at the Schulich School of Engineering. His research activities focus on promoting research programs in the areas of clean energy and green engineering. His expertise and current research interests involve the application of chemical engineering to the energy and environment fields. The focus of his research consists of renewable energy, biofuel and bioenergy, gasification, pyrolysis, biochemical conversion, and reaction engineering. Energy and environment are the two paramount themes in these research activities.

The oil and gas industry has evolved to the point where it must adopt water intensive technologies to access new reserves. Such technologies include multistage water fracs, Steam Assisted Gravity Drainage (SAGD), Oil sands mining, and large polymer and water floods. While increasing reserves, these technologies have also increased demand for clean water and services to manage the resulting waste water. Driven by public concern, regulators have not remained idle through this industry shift. Increasingly operators are experiencing regulatory limitations on fresh and even brackish water use.

"We believe yesterday's solutions will not be adequate to address the opportunities presented in this developing market. The establishment of the Technical Advisory Group will allow Palko to keep abreast of new developments and applications as they develop in the waste and water treatment space. The group will explore and apply solutions that are economically attractive, technically feasible, and environmentally sound", stated Jay. B. Simmons, Chairman and CEO of Palko.

"On behalf of the entire team at Palko Environmental we welcome the Palko Technical Advisory Group and we look forward to the development and application of innovative and profitable environmental solutions for our business", concluded Jay B. Simmons.

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. In Alberta Palko owns and operates full service waste management facilities in Claresholm, Grande Cache, and Mayerthorpe, and a wastewater disposal facility in Rycroft. In Saskatchewan Palko owns and operates a full service waste management facility in Midale, and offers emulsion custom treating and oil terminaling at a second facility in the Midale area.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

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 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 ability of the advisory group to develop solutions that are environmentally sound, technically feasible and economically attractive and the ability of Palko to utilize such solutions.

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 continued stability or growth in the oil and natural gas industry; the Corporation's ability to analyze data and implement improved technology; increased regulation of the industry and increasing water intensive technology use by the oil and gas industry.

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 the impact of general economic conditions in Canada and the risk that they will deteriorate; industry conditions, including fluctuations in the price of oil and natural gas and the risk that they decrease; the impact of governmental regulation, including environmental regulation; stock market volatility; 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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