WSCE (.389) Wescorp Energy Inc.: Mark Norris Appointed Chairman of the Board
Thursday, June 26 2008 9:02 AM, EST
Market Wire "US Press Releases "
HOUSTON, TEXAS and CALGARY, ALBERTA -- (MARKET WIRE) -- 06/26/08 -- Wescorp Energy Inc. (OTCBB: WSCE), an oil and gas technology solutions provider is pleased to announce that Mark Norris has accepted the position of Chairman of the Board. Norris has served as a director of Wescorp since March 2007 . Prior to his directorship with Wescorp, Norris completed a term in the Alberta Provincial Government serving as Minister of Economic Development. Under Norris' leadership there were 4 new foreign trade offices and 5 new regional economic alliances established throughout the province to promote Alberta business. Norris also led numerous missions world-wide to foster economic growth for Alberta .
In February 2008 , Wescorp's first commercial sized water remediation unit was put into test operation in a battery operation field that manages produced water from approximately 120 oil and gas wells in Alberta, Canada . The unit uses a patented aeration technology that employs microscopic bubbles which are several orders of magnitude smaller than conventional technology to remove hydrocarbons from produced water. The technology cleanses and purifies the hydrocarbon contaminated water in a safe, effective and economical process allowing operators to reuse and recycle the water at the production site. Other advantages include increased field economics via enhanced oil production, a reduction in the amount of fresh water used in conventional and unconventional oil and gas production, a reduction in the amount of service and maintenance on disposal and injection wells, and an overall reduction in operating costs. (see Wescorp News Announcement dated February 19, 2008 ).
"The 2,000 barrel per day unit has shown excellent results and has been embraced by industry specialists who have visited the site and witnessed Wescorp's innovative technology under commercial operation", commented Mark Norris. "By having a commercial unit available for site inspection and claim validation, Wescorp has demonstrated to a multitude of industry operators, government and environmental officers that our water remediation technology is a critical component of water management operations. This technology has provided a win-win scenario for industry, environment and regulators. Wescorp's water and fluid solutions exceeds regulatory environmental standards, provides positive environmental impact and substantial economic advantages to all operators. In addition to building business, one of my goals as Chairman is to have the shares of the company listed for trading on a Canadian stock exchange."
Doug Biles President and CEO of Wescorp stated, "we are excited to have Mark be our Chairman. Wescorp is in a stage of aggressive growth and Mark's first class relationships with both government and oil and gas industry leaders will be beneficial in continuing to showcase our environmentally friendly technology and in closing leasing transactions. We will be announcing lease contracts with both heavy oil and natural gas operators as soon as they are completed."
Former Wescorp Chairman and Governor of Alaska Stephen Cowper commented, "There are two good reasons for me to step aside as chairman. First, the Board very wisely decided to focus the company's efforts on the Canadian market, so it's logical for the company to be led by a Canadian chairman. Secondly, I will be 70 years old in August, and I thought it was time to relinquish the chair to a younger person. Mark Norris is able, energetic, and well-connected. I flatly predict he will be an outstanding chairman."
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.
Contacts:
Investor Relations contact:
Wescorp Energy, Inc.
David Jones
Toll Free: 1-877-247-1975 or Direct: (705) 845-0933
Email: djones@wescorpenergy.com
Website: www.wescorpenergy.com
Media contact:
Wescorp Energy, Inc.
Virginia Brooks
Direct: (903) 532-9714
Email: virginia@brooksandassociatespr.com
