$XFLS huge purchase here for their subsidiary! Cyc
Post# of 23609
(Total Views: 175)
Posted On: 08/05/2020 1:18:01 PM
$XFLS huge purchase here for their subsidiary! Cycle Energy Industries Inc. (OTC PINK:XFLS) is pleased to report its wholly owned subsidiary Cycle Energy Services (CES) has purchased 3 new heavy vehicles for its well abandonment fleet.
The purchase now gives Cycle the ability to work on 3 simultaneous sites concurrently without having to share or reschedule equipment.
Mr. Michael McLaren CEO states "The purchase of this equipment allows us to be in 3 places at once increasing our daily ability to produce revenue as well as efficiently abandon well sites in a timely fashion without having to share or reschedule equipment to and from sites." Mr. McLaren also stated " Our business plan with CES has always been to rig onto a well site complete the work and rig out without any further work or equipment needed." "Mr. McLaren further stated "By reducing the amount of equipment and travel time between sites we continue to strive to ease the cost of well abandonment as well as greatly diminish the carbon footprint to complete the work."
The purchase now gives Cycle the ability to work on 3 simultaneous sites concurrently without having to share or reschedule equipment.
Mr. Michael McLaren CEO states "The purchase of this equipment allows us to be in 3 places at once increasing our daily ability to produce revenue as well as efficiently abandon well sites in a timely fashion without having to share or reschedule equipment to and from sites." Mr. McLaren also stated " Our business plan with CES has always been to rig onto a well site complete the work and rig out without any further work or equipment needed." "Mr. McLaren further stated "By reducing the amount of equipment and travel time between sites we continue to strive to ease the cost of well abandonment as well as greatly diminish the carbon footprint to complete the work."
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