CALGARY, July 8 /CNW/ - Enerchem has continued to experience issues with
the new direct-fired heaters installed at its Sundre fractionation plant.
These issues have affected the operating capacity of the plant since early in
the first quarter of 2008. As a result, the Company has decided to re-install
its original salt-bath heaters in order to return the plant to an operational
state while it works to address the issues with the new heaters. The
re-installation of the salt bath heaters should be completed during the third
quarter of 2008, bringing the plant back on line prior to commencement of the
anticipated strong level of drilling activity normally experienced in the
fourth and first quarter each year.
Certain statements contained in this press release, including statements
which may contain words such as "could", "should", "expect", "anticipate",
"believe", "will", and similar expressions and statements relating to matters
that are not historical facts are forward looking statements. Such forward
looking statements involve known and unknown risks and uncertainties which may
cause the actual results, performances or achievements of Enerchem to be
materially different from any future results, performances or achievements
expressed or implied by such forward looking statements. Such factors include,
but are not limited to, fluctuations in oil and gas activity levels, political
and economic conditions, the demand for services provided by Enerchem,
Enerchem's ability to attract and retain key personnel and other factors.
Enerchem International Inc. is a manufacturer and distributor of
hydrocarbon drilling and fracturing fluids designed to provide cost effective
solutions to the upstream oil and gas industry and specialty solvents to help
resolve production and processing problems to the downstream producers. The
Company also provides energy marketing services and, through its wholly-owned
subsidiary company, Millard Trucking Ltd., provides fluid transportation and
other related oilfield services. The Company's common shares trade on the
Toronto Stock Exchange under the symbol "ECH".
Additional information on Enerchem International Inc., may be viewed at
our website at: www.enerchem.com or by visiting www.sedar.com
THE TSX HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED
Enerchem International Inc.
Per: signed "Kenneth Bagan"
President and CEO
For further information:
For further information: Mr. Kenneth Bagan, President and CEO,
Telephone: (403) 269-1500, Fax. (403) 269-1559, E-mail firstname.lastname@example.org or
Mr. Brian Zubach, Chief Financial Officer, Telephone: (780) 980-1682, Fax.
(780) 980-2610, E-mail email@example.com