Ridgeline Energy Services Inc.
TSX VENTURE : RLE

Ridgeline Energy Services Inc.

March 15, 2011 11:02 ET

Ridgeline Signs Development Agreement to Use Mobile Development Laboratory for Treatment of Produced and Flowback Water

CALGARY, ALBERTA--(Marketwire - March 15, 2011) - Ridgeline Energy Services Inc. (TSX VENTURE:RLE) ("Ridgeline" or the "Company"), an environmental technology and consulting company focused on waste management in the oil and gas industry, reports that it has entered into a non-exclusive Development Agreement with an Alberta based energy service company to provide contracted services for the treatment of produced and flowback waste water from oil and gas operations in Alberta.

The Development Agreement will involve the use of the Company's newly approved Mobile Development Laboratory (MDL), and comprehensive site, waste water and material evaluation process. The MDL will allow the Company to assist customers to scientifically characterize a wide variety of water sources for treatment, reuse, and recycling, as well as enhanced hydrocarbon recovery. The Company's MDL's rigorous testing allows for customers and independent laboratories throughout North America to access a consistent platform, wherein water treatment capability and quality can be determined during real-time operations. 

Ridgeline's Mobile Development Laboratory will be on display at the Wynn/Encore Convention Centre on March 25, 2011 during the CONEXPO Convention in Las Vegas.

During 2010, the Company sourced waste water and successfully reduced targeted contaminant levels in gas well fracturing and flowback water from operations in N.E. B.C., oil well fracturing flowback water from the Bakken formation, and oil sands tailing pond water from Fort McMurray. The testing has also successfully treated water containing high levels of dissolved H2S. More recently, the Company has sourced waste water specimens for bench treatment from several different clients. The waste water specimens currently undergoing testing originates from Western Canada and across the US.

On January 6th 2011 the company announced that it had entered into an agreement to install and operate a fully integrated water treatment facility for a major unconventional gas exploration and production company in the Horn River Basin, in N.E. British Columbia.

Interest in the Company's proprietary water treatment system has grown beyond the Western Canadian fracturing and produced water market. The Company has received expressions of interest from additional markets such as; fracturing and produced water in the USA and water treatment for the Steam Assisted Gravity Drainage (SAGD) in the oil sands industry. It is expected that additional testing for these facilities will continue during the summer and fall of 2011.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. (TSX VENTURE:RLE) is an environmental technology and consulting company focused on waste management in the oil and gas industry. Through its subsidiary Ridgeline Water Inc., the Company is developing proprietary technology capable of efficiently treating large volumes of contaminated water generated by oil and gas producers operating in the Western Canadian Sedimentary Basin. The Company is working with major companies in the energy industry for the application of its proprietary technology for effective onsite treatment of produced water, hydraulic fracturing flowback water and oil sands process water (tailings ponds) and to recycle the water used in these oil and gas industry applications. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established player in the provision of environmental services to Western Canada's large and growing oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE". Additional information is available on the Company's website at: http://www.ridgelinecanada.com

"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.

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