VANCOUVER, Dec. 6, 2017 /CNW/ - Lightning Ventures Inc. (CSE: LVI) (Frankfurt: 1HM) (the "Company") is pleased to announce that its wholly-owned subsidiary, Lightning Industries, has been engaged by Strata BPS to provide a minimum of 30 Lightning LT-X Chemical Injections Systems. A 30-day pilot system will be installed in January 2018 and, upon acceptance of system functionality, installations will commence during the latter part of February 2018. Initial revenue is estimated at US$24,000.00 per month once fully installed.
As gas wells age and liquids accumulate surfactants in a hard stick form are commonly injected as foaming agents to increase production. The Lightning LT-X Chemical Injection system is unique in that a liquid is injected thereby avoiding the problems inherent with the disintegration of solids sticks in humid or high heat conditions. In addition, the LT-X chemicals contain no inert hardening agents allowing for more potency per application.
In 2013, Mexico instigated changes that allowed private companies to explore and extract hydrocarbons. Strata BPS is a leading Mexican company actively involved in exploration and production of oil and gas projects in hydrocarbon rich areas of Mexico and South Texas.
Don Rainwater, CEO, commented: "Strata BPS is a key player in Mexico. Our ability to install operational systems with Strata will increase our visibility and enhance our sales efforts."
About Lightning Ventures
Lightning Ventures Inc. (CSE: LVI) (Frankfurt: 1HM) is an oil and gas industrial services company. It operates a specialty manufacturing business based in Hobbs, New Mexico through its subsidiary Lightning Industries, Inc., which provides products to enhance efficiency and increase the production of oil and gas wells.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements.
SOURCE Lightning Ventures Inc.
For further information: on the Company, please contact: Donald Rainwater, Chief Executive Officer, Lightning Ventures Inc., Telephone: 210-535-5700, Email: [email protected]