Ceiba Energy Services Announces Record Second Quarter 2013 Results
26 Agosto 2013 - 11:51AM
Marketwired Canada
(i) NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
U.S. (i)
Ceiba Energy Services Inc. ("Ceiba Energy" or the "Company") (TSX VENTURE:CEB) a
provider of specialized services to the energy sector, is pleased to announce
that it has filed its Financial Statements and related Management's Discussion
and Analysis for the quarter ended June 30, 2013 which are available on the
Company's profile at www.sedar.com.
2013 Second Quarter Highlights
-- Second quarter revenues of $0.64 million were a 310% increase over
reported revenues for the same period in 2012.
-- Six months ended June 30, 2013 revenues of $1.39 million were a 389%
increase over reported revenues for same period in 2012.
-- The Silver Valley Custom Treating Facility continued with quarter over
quarter growth, receiving 10% greater volumes of emulsion and produced
water over the first quarter and 44% higher than in Q4, 2012.
-- The Company entered into agreements for financing of $5.35 million to
facilitate its capital growth plan for 2013.
-- The Company successfully completed its planned well work over at
Chamberlain and is in the process of facility construction to bring
custom treating and produced water disposal services to customers in the
Edmonton area before the end of the year.
-- The Company completed work on developing its new corporate brand and
subsequently received approval to move forward as Ceiba Energy Services
Inc. The strong environmental connection represented by the Ceiba tree
and the Company's new tag line, From the Ground Up, reinforce the
commitment of the organization to meeting its near and long term
strategic objectives. The company is currently working a new company
website and marketing materials.
Future Plans and Outlook
The Company's near term capital program consists of completing the site
construction and initiating operations at the Chamberlain Facility by year end,
expanding services at the Silver Valley Facility in 2014 as well as developing
two new waste water disposal facilities. The Company will continue to evaluate
opportunities for expansion through additional and complementary service lines,
organic growth and strategic acquisitions.
About Ceiba Energy
Ceiba Energy (TSX VENTURE:CEB) provides specialized services to the energy
sector, specifically to companies involved in the exploration, extraction and
production of oil and natural gas in Western Canada. Ceiba Energy develops and
constructs facilities in proximity to its customers to provide treatment of
crude oil emulsion, terminalling, storage and marketing of oil and disposal of
production.
Reader Advisory
This press release contains forward-looking statements and information that are
based on the beliefs of management and reflect the Company's current
expectations. When used in this press release, the words "estimate", "project",
"belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should"
and the negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and information.
The forward-looking statements and information in this press release include
information based on previously announced financings. Such statements and
information reflect the current view of the Company with respect to risks and
uncertainties that may cause actual results to differ materially from those
contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change. Investors are cautioned against attributing undue certainty to
forward-looking statements.
The Company cautions that the foregoing list of material factors is not
exhaustive. When relying on Ceiba Energy's forward-looking statements and
information to make decisions, investors and others should carefully consider
the foregoing factors and other uncertainties and potential events. The Company
has also assumed that material factors will not cause any forward-looking
statements and information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject to change
and there can be no assurance that such assumptions will reflect the actual
outcome of such items or factors.
Neither the 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.
Ceiba Energy's website is work in progress at: www.ceibaenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ceiba Energy Services Inc.
Todd Hanas
Investor Relations
Toll Free: 1-866-869-8072
thanas@ceibaenergy.com
Ceiba Energy Services Inc. (TSXV:CEB)
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