MONTREAL, Dec. 23, 2014 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW) (OTC: SFMGF) is pleased to announce that HTG 99.9, LLC of New Town, North Dakota, has entered into an agreement with Vortex Energy Services of Edmonton, Alberta, to put two Vortex mobile frac water heating trailers to work in the Bakken area. Vortex trailers are built around Sofame Percofrac™ direct contact water heating units. The term of the agreement is approximately three years. The initial 2 systems have the capacity to heat 57,000 barrels of water per day which equates to 2,394,000 gallons. The total dollar value of the contract is confidential, as are the names of the end-users, who are major petroleum companies.
Vortex has been field testing a Sofame Percofrac™ 12 unit for over a year, which has a 12 million British thermal unit per hour heating capacity. Two more 12 MMBTUH systems with Sofame PercofracTM 12 heaters inside are being assembled by Vortex to withstand the poor road conditions and frigid northern temperatures. Vortex completed and field tested a larger 36 MMBTU/HR trailer in November 2014. All Vortex mobile systems are designed and built to CSA standards, and are certified under the Alberta Gas Code Regulations, which have adopted CSA-B149.3-2010 "Field Approval of Fuel-related Components and Appliances".
The systems heat 500 to 1,200 US gallons per minute of pond water to about 100ºF, are fired on propane, and have demonstrated over 99% thermal operating efficiency. The pond water is injected at high pressure into the shale formations deep underground. Efficiency is an important cost consideration in the oil and gas fields, where tons of fuel must be trucked at great expense to remote areas over rough terrain.
Allan Roberts, CEO of Vortex Energy stated, "The Vortex mobile frac heaters built around the Sofame PercofracTM are the most efficient, and most compact on the market. With downward pressure on oil and gas prices, the Percofrac™'s fuel efficiency gives Vortex an extra advantage in the market place."
John Gocek, CEO of Sofame added, "Working with both teams at Vortex and HTG to develop a line of mobile frac water heaters in 12, 24 and 36 MMBTUH capacities, has been a learning experience for Sofame. Mobile water heaters and fracking are new markets for Sofame, which offer more standardized products, better profit margins, repeat business, and recurring revenue opportunities through leasing arrangements. We believe this new direction will change the fortunes of Sofame in 2015 and beyond, as new orders from HTG are expected to increase to several Sofame heaters per month."
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 release.
SOURCE: Sofame Technologies Inc.
For further information: John Gocek, President & CEO, (514) 523-6545 x200; Heating Technologies Group: Erik Moskowitz, Chief Operating Officer, (847) 226-3355; Vortex Energy Services Inc.: Allan Roberts, Chief Executive Officer, (780) 424-9998, [email protected]