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Category: Investment, Water
Wescorp's Clean Water Technologies to Be Utilized in Cancen Oil's Newly Acquired Alberta Remediation Facility
CALGARY, ALBERTA - February 4, 2010 - Wescorp Energy Inc. (OTC.BB: WSCE) is pleased to announce that Cancen Oil Canada Corporation (Cancen), an oilfield waste management and processing company based in Western Canada, has acquired the TAQA North remediation facility in Alberta, Canada. The TAQA facility is strategically located in Edmonton, Alberta on Refinery Row. The TAQA North acquisition is a major step in Cancen's efforts to build its business and aligns well with its growth strategy to participate in Western Canada's $5 billion per year oilfield waste management and processing industry.
"We are very excited about the acquisition of the TAQA North Facility" comments Keith Talbot, President of Cancen Oil Canada. "The TAQA facility is a major acquisition for Cancen and will become its primary facility. The TAQA facility is capable of processing in excess of 30,000 barrels of contaminated produced water and slop oil per day. Utilizing Wescorp's H2Omaxx water and HCXT solids technologies will allow us to optimize the TAQA facilities operation." Keith Talbot further comments "Cancen is currently in negotiations on a number of additional sites in Western Canada."
Doug Biles CEO and President of Wescorp commented, "One of the largest concentrations of oil companies in the world is in Western Canada. Cancen's newly-acquired Edmonton remediation facility is well situated for cleaning and disposing the contaminated waste from companies located in this area. Being able to demonstrate Wescorp's technologies to such a large number of oil companies in such a concentrated area will be beneficial to Wescorp and its potential partners in further deployment of its remediation technologies."
About Wescorp
Wescorp Energy Inc. (www.wescorpenergy.com) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
For more information contact:
Wescorp Energy Inc.
Investor Relations: Mark Komonoski, Toll-Free 1-877-255-8483, Office Line (403) 255-8483, Mobile (403) 470-8384, mkomonoski@wescorpenergy.com
www.wescorpenergy.com
Renmark Financial Communications Inc.: Jason Roy: jroy@renmarkfinancial.com
Barry Mire: bmire@renmarkfinancial.com, (514) 939-3989, (416) 644-2020
www.renmarkfinancial.com
Source: Wescorp Energy Inc.
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