Business
Cathedral Energy Services announces remote access capabilities
/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/ CALGARY, Jan. 9 /CNW/ - Cathedral Energy ...
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nCALGARY, Jan. 9 /CNW/ - Cathedral Energy Services Income Trust (the\n"Trust" - TSX: CET.UN) is pleased to announce the commercial success of its\nRemote Drilling System ("RDS") which has been in testing since October 2007.\nThis innovative system is presently being used in the\nunder-balanced/horizontal drilling environment and has been well received by\nour customers. RDS allows the secure transmission of drilling data from the\nrig site to the Trust's Calgary operations centre, which permits the full\nexperience of measurement-while-drilling ("MWD") supervisors and directional\ncoordinators to manage directional drilling activities in real time from a\ncentral location. This system allows the Trust to reduce the number of field\npersonnel required on a job, thereby reducing the costs to both the Trust and\nits clients. RDS is being utilized on 10-15% of the Trust's present Canadian\ndirectional drilling work. Currently we are expanding the capabilities of RDS\nin our Canadian operations and plans are being put in place to expand the use\nof RDS into the U.S. market.\n\n\n-------------------------------------------------------------------------\n\n\nCertain statements in this news release including (i) statements that may\ncontain words such as "anticipate", "could", "expect", "seek", "may" "intend",\n"will", "believe", "should", "project", "forecast", "plan" and similar\nexpressions, including the negatives thereof, (ii) statements that are based\non current expectations and estimates about the markets in which the\nTrust/Cathedral operates and (iii) statements of belief, intentions and\nexpectations about developments, results and events that will or may occur in\nthe future, constitute "forward-looking statements" and are based on certain\nassumptions and analysis made by the Trust/Cathedral. Forward-looking\nstatements in this news release include, but are not limited to, statements\nwith respect to future capital expenditures, including the amount, nature and\ntiming thereof; oil and natural gas prices and demand; other development\ntrends within the oil and natural gas industry; business strategy;...