Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Testing Board (TEST) Message Board

Ridgeline Energy Services Inc. (RGDEF: OTCQX Inter

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 28539
Posted On: 04/25/2013 3:45:13 PM
Avatar
Posted By: testuser
Ridgeline Energy Services Inc. (RGDEF: OTCQX International) | Ridgeline Announces Management Agreement Ridgeline Announces Management Agreement

Ridgeline Announces Management Agreement

PR Newswire

CALGARY AND SCOTTSDALE, AZ, April 25, 2013

Kerr Energy Contracts Will Be Direct With Ridgeline

Ridgeline to Add $ 4.5 Million in Annual Revenue

CALGARY AND SCOTTSDALE, AZ , April 25, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a technology driven company operating in the waste water industry , today announces a Management Agreement with Kerr Energy ("Kerr") of Midland, Texas . Ridgeline will provide contracting services for the collection, treatment and disposal of oil and gas flowback and produced waste water in the Midland Texas area. Ridgeline projects growth due to the Agreement of about $ 4.5 Million annually.

The purpose of The Management Agreement is to allow RLE to manage KERR while a regulatory and due diligence audit is completed, and a definitive agreement to purchase all of the outstanding interest of KERR by RLE is drafted. The Agreement took effect on April 22 nd .

KERR holds interests in certain contracts for the treatment and post processing sale of waste water in several key locations in the Midland market. RLE has been under contract and working with KERR on a subcontract basis. RLE will now assume all current business of KERR and sign contracts directly with the oil and gas producers.

In addition, Ian Kerr will join Ridgeline as General Manager of our Midland Operations which includes eastern New Mexico .

Dennis M. Danzik , Ridgeline CEO, stated. "It has been a great experience working with Ian Kerr on our ever expanding opportunities in western Texas and eastern New Mexico . Ian brings decades of experience and I am confident that he will build out our Midland Operations with great care, and will continue to build profitability. Having Ian on board fulltime as management in a rapidly growing market, is a real confidence builder. Ridgeline also benefits by now getting the direct contracting rights with some substantial new customers."

Mr. Kerr, will be establishing fulltime offices for Ridgeline in Midland in June. The office in Midland will manage water treatment based services and Ridgeline Facility management as well as expanded sales and operations staff.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is a technology driven company operating in the waste water industry. The Company is applying proprietary technology to treat water generated from industrial and commercial waste water markets. These markets include a wide variety of clients across a broad spectrum of industries including oil and gas. Through its environmental consulting and remediation divisions, Ridgeline Environment has built a reputation as an established provider of environmental services to the Western Canadian oil and gas industry. Ridgeline GreenFill provides soil remediation and wet waste disposal services to the oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".

ON BEHALF OF THE BOARD OF DIRECTORS

"Dennis Danzik"

Dennis Danzik
CEO

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information.  Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."


SOURCE Ridgeline Energy Services Inc.



(0)
(0)




Investors-Hangout-Stock-Message-Boards-thumbnail-2015.png

test




Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us