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Tuesday, 12/09/2014 3:51:45 PM

Tuesday, December 09, 2014 3:51:45 PM

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IESCF Harnesses Key Variables to Grow Company Value

Competing in the services niche of the $750 billion oil and gas industry is no easy feat. For Alberta-based oilfield services firm Intercept Energy Services, competition is hinged to innovation and centered on a patent-pending propane-powered frac water heating technology called HE Heaters.

Oil and gas exploration and production companies use HE Heaters as a cost-effective and safe alternative to traditional heating methods. Equipped with numerous safety shut-offs and minimal to zero radiant heat emanating from an encased burner, the HE heating system has no exposed flame and virtually eliminates on-site injuries/accidents associated with traditional water heating methods.

In addition to the safety values of HE Heating systems, the proprietary technology boasts environmental advantage over traditional heating systems. IESCF’s superheaters completely and cleanly burn fuel and transfer nearly all of the heat to the water rather than out the stack, resulting in nearly zero radiant heat.

IESCF has identified the North American market as the fastest route of generating new income and thus has established a strategy to deploy additional HE Heaters via exclusive use of and rights to operate the water heating units in Canada and further in certain areas in the United States. IESCF also specializes in unconventional energy extraction and related services such as oil sands processing, oilfield equipment, and oilfield waste disposal and recovery of reusable products from waste.

In its recently reported third-quarter results, IESCF posted revenue growth of 121% to $0.8 million, marking a YTD increase of 85% to $2.6 million compared to the first nine months of 2013. IESCF narrowed its third-quarter net loss by 17% to $0.5 million, excluding other items, compared to a net loss of $0.6 million in the same quarter last year. Net income for the third quarter of 2014 was $2.2 million compared to a net loss of $0.7 million for the same quarter last year.

Much of the company’s growth can be attributed to strong leadership and management’s ability to plot out and execute an expansion plan. IESCF CEO D. Randy Hayward, B. Comm., LLB, for two decades has maintained a successful law practice in Edmonton, Alberta, Canada. In addition to founding, managing and marketing Canadian Dispute Resolution (Alberta) Ltd., Hayward has 15 years of experience working with numerous private and public companies for which he was responsible for fund raising, strategic planning and business development in various positions. He has been a consultant to a number of successful public companies trading on the TSX Venture Exchange, raising investment capital, and working in corporate communications, business development and investor relations.

IESCF president and COO Keith Morlock has built an impressive track record of achieving rapid corporate growth for oil and gas services companies. In his most recent role as president of 640energy, LLC, Morlock established the company as a leading oil field services firm serving the Bakken Shale in North Dakota, Utah and other areas in North America. He has also served in executive management roles for public and private oil field services companies where he oversaw their turnaround from a loss to a net profit of more than $2 million within one year and secured contracts with major oil and gas OEMs and production companies.

With guidance of experienced management and through the deployment of innovative frac water heating technology, IESCF is pursuing additional opportunities for expansion throughout North America to achieve the ultimate goal of increasing revenues and earnings. With growth and market penetration leading the company’s objectives, IESCF is solidifying its footprint as a valuable industry competitor.

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