Penny Stock News On The OTCBB Exchange
Flowstar Technologies sells its largest well head upgrade and communication equipment and associated secured Web hosting services solution
HOUSTON, TEXAS AND CALGARY, ALBERTA--(Marketwire - July 24, 2008) - Wescorp Energy Inc. (OTCBB:WSCE), an oil and gas technology solutions provider, is pleased to announce that Flowstar Technologies, a wholly owned subsidiary, has signed an agreement with a Canadian-based oil and gas operator to deploy well head measurement and communication equipment and associated IFMWorks web host services to an operating gas field. Under the terms of the agreement, a minimum of 200 existing wells will be outfitted with specialized communication panels and appropriate Electronic Flow Meter (EFM) upgrades. All production data from the 200 newly serviced wells and from an additional 100 operating wells, which were previously being serviced by Flowstar, will be activated onto Wescorp Energy's proprietary IFMWorks Web SCADA system which is designed to be used in a wide range of flow measurement and production data collection applications. IFMWorks is a web-enabled hosting solution that collects production data from remote locations and displays it to Internet-connected computers in near real time.
Mark Norris, Chairman of Wescorp commented, "We are very pleased that our customer chose Wescorp's Flowstar solution to provide operational excellence in its gas field. Wescorp's propriety IFMWorks boasts several distinguishing features including collection of data at central locations to minimize communication costs, data collection at the customers determined frequency, seamless transition of data to production accounting packages, alarm notification and trending of data at determined collection frequencies. Customers that are embracing this full solution are reducing operational costs and increasing reporting accuracies and efficiencies."
Doug Biles, President and CEO commented, "This is Flowstar's largest rollout order to date and gives us great confidence that the industry is realizing the value our technology-based solutions provide to oil and gas operators. We estimate the complete order to be in excess of one million dollars. Wescorp is becoming known as oil and gas measurement specialists and water remediation experts in our key areas of solution implementation. Materials, product and packaging for the installation of the equipment have been ordered and is currently being manufactured. Field installations will begin within 30 days."