Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc.

November 30, 2009 17:48 ET

Ridgeline Energy Services Inc.: Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2009) - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSX VENTURE:RLE) announces that it has granted 1,041,500 stock options to Officers, Directors and employees at an exercise price of $0.20/share. The options are granted under the Company's stock option plan and carry a 5 year term.

Ridgeline Energy Services Inc. provides environmental and oil and gas production services to the Western Canadian Energy industry. With over a decade of serving the oil patch, Ridgeline brings experience, professionalism, and precision to the well site and the board room to assist producers in making the right choices for their business.

Ridgeline's environmental services are provided through its wholly-owned subsidiary, Ridgeline Environmental Inc (previously Bio-Synergy Resources Inc. ("Bio-Synergy")). Since its inception in November 1999, the company has provided its clients with a wealth of knowledge and experience directed at providing environmental site assessments and economically viable waste management solutions. Commitment to research and development, and client-dedicated teams of project leaders, field technicians, and soil scientists keep Bio-Synergy clients at the forefront of changing or pending regulatory legislation and industry needs in regard to both environmental assessment and treatment options.

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

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

Contact Information

  • Ridgeline Energy Services Inc.
    Tony Ker
    President and Chief Executive Officer
    (403) 806-2380
    Ridgeline Environmental Inc.
    Tyler Heathcote
    (403) 806-2380