CALGARY, Feb. 14, 2013 /CNW/ - Raise Production Inc. (TSX-V: RPC) ("Raise" or the "Company") is pleased to announce that it has been recognized by the TSX Venture Exchange as one of the 2013 TSX Venture 50, a ranking of strong performing companies on the TSX Venture Exchange.
The TSX Venture 50 annually awards the top ten companies listed on the TSX Venture Exchange, in each of five major industry sectors - Oil and Gas, Mining, Technology & Life Sciences, Diversified Industries and Clean Technology. The companies were chosen based on their share price appreciation, trading volume, market capitalization, growth and analyst coverage, as of December 31, 2012.
Raise achieved the fifth position out of the ten companies selected in the Diversified Industries sector.
Eric Laing, CEO of the Company, said "we are honoured to be selected for this award by the TSX Venture Exchange. This is an exciting time for Raise as we move toward testing our horizontal well bore production management system. I would like to sincerely thank all of our employees and directors for their significant efforts towards our goal of commercializing our technology."
About Raise Production Inc.
The Company is an innovative oilfield service company that focuses its efforts on the production service sector, utilizing its patented products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells.
This news release contains certain forward-looking statements. All statements, other than statements of historical fact, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from these anticipated in such statements.
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.
SOURCE: Raise Production Inc.
For further information:
Eric Laing, President and Chief Executive Officer
Susan Scullion, Chief Financial Officer
Raise Production Inc.
2620-58th Avenue S.E.
Calgary, Alberta T2C 1G5
Tel: (403) 699-7675
Website at: www.raiseproduction.com