May 14, 2013
ProSep Reports 2012 Annual and 2013 First Quarter Financial Results
ProSep today announced its financial results for the twelve-month period ended December 31, 2012 and three-month period ended March 31, 2013. All amounts are reported in Canadian dollars unless otherwise stated. Read more  |
April 23, 2013
ProSep Announces Closing of Sale of Investment in South Korean Joint Venture
ProSep is pleased to announce the successful completion of the previously announced sale of its 51% investment in ProSep Kolon Company Ltd, a South Korean joint venture with Kolon Group, for total consideration of $5 million. After reimbursement of a related $1 million debenture, this transaction provided net proceeds of approximately $4 million to be used as working capital. Read more |
April 22, 2013
ProSep Awarded $3.5 Million Contract for Produced Water Treatment Package
ProSep today announced it was awarded a $3.5 million contract by an international oil and gas company for the supply of a produced water treatment package . The equipment will be delivered during the fourth quarter of 2013 and installed at an onshore natural gas processing plant located in Southern Asia. Read more |
April 9, 2013
ProSep Awarded $2 Million Contract for Produced Water Treatment Solution
ProSep today announced it was awarded a contract for the supply of a produced water treatment system valued at approximately $2 million by a super major oil and gas producer. The equipment will be delivered during the first half of 2014 and installed at an onshore production facility located in the USA. Read more |
April 2, 2013
ProSep Awarded $1.3 Million Contract Produced Water Treatment Solution for Gulf of Mexico
ProSep today announced it was awarded a contract for the supply of a produced water treatment system valued at approximately $1.3 million, for installation on a floating production storage and offloading (“FPSO”) vessel that will operate in a deep-water field in the Gulf of Mexico. The equipment is expected to be delivered during the first half of 2014. Read more |
April 1, 2013
ProSep Announces Delay in Filing Annual Disclosure Documents
ProSep today announced it is not able to file its annual audited financial statements (and related CEO and CFO certifications as required by National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings), the accompanying management’s discussion and analysis as well as its annual information form for the year ended December 31, 2012 (collectively, the "2012 Annual Disclosure Documents”), within the period prescribed for the filing of such documents under Parts 4, 5 and 6 of National Instrument 51-102 respecting Continuous Disclosure Obligations, namely within 90 days from its year end date. Read more |
March 19, 2013
ProSep Sells Investment in South Korean Joint Venture and Provides Business Update
ProSep today announced it has entered into a binding memorandum of understanding for the sale its 51% investment in ProSep Kolon Company Ltd, a South Korean joint venture with Kolon Group, for total consideration of $5 million. After reimbursement of a related $1 million debenture, this transaction will provide net proceeds of approximately $4 million to be used as working capital. Read more |
January 23, 2013
ProSep Announces Contract Award for Proprietary Crude Treatment Technology
ProSep today announced it was awarded a contract for the supply of a ProMix proprietary crude blending system valued at approximately $1 million. Read more |
November 6, 2012
ProSep Reports 2012 Third Quarter Financial Results
ProSep today announced its financial results for the three and nine-month periods ended September 30, 2012. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
November 1, 2012
ProSep Announces $12 Million Contract Awards for Large Offshore Project
- Significant contracts for Korean joint venture ProSep Kolon -
ProSep today announced that its majority owned South-Korean joint venture ProSep Kolon Company Limited ("ProSep Kolon"), was awarded two contracts for the supply of a seawater filtration package and mercury removal unit for a total value of approximately $12 million. The customers are South-Korean engineering firms selected to perform engineering, procurement and construction ("EPC") of facilities for a large liquid natural gas ("LNG") project located offshore Australia. Delivery is expected to occur in the first quarter of 2014. Read more |
October 30, 2012
Notice of ProSep 2012 Third Quarter Financial Results Conference Call
ProSep today announced it will release its 2012 third quarter financial results on Tuesday, November 6, 2012 at 7:00 a.m. (EST). Management will hold a conference call exceptionally the following day, Wednesday, November 7, 2012 at 8:00 a.m. (EST) to review the financial results and the highlights of the quarter. The call will be hosted by Jacques L. Drouin, President and CEO. Read more |
October 17, 2012
ProSep Announces Completion of Share Consolidation
ProSep today announced that the Company has given effect to the previously announced consolidation of its common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every twenty (20) pre-consolidation Common Shares (the "Consolidation"), with any fractional share being rounded up or down to the nearest whole number. It is expected that the post-Consolidation Common Shares will commence trading on the Toronto Stock Exchange at the opening of markets this Monday, October 22, 2012 under the current symbol "PRP" and new CUSIP 74347V207. Read more |
October 17, 2012
ProSep Announces $3 Million Contract Awards for Proprietary Crude Treatment Technology
- ProMix crude blending technology to be installed on three newbuild offshore platforms in Gulf of Mexico -
ProSep today announced it was awarded contracts for the supply of three ProMix proprietary crude blending systems for a total value of approximately $3 million. These compact systems will be installed on three newbuild offshore platforms commissioned by a Latin American producer operating in the Gulf of Mexico, to efficiently blend light crude into heavy crude, achieving a uniform product to meet sales specifications. Delivery is expected to occur by the second half of 2013. Read more |
October 5, 2012
ProSep Announces Share Consolidation
ProSep today announced that the issued and outstanding common shares of the Company ("Common Shares") will be consolidated on the basis of one (1) post-consolidation Common Share for every twenty (20) pre-consolidation Common Shares (the "Consolidation"). A special resolution was adopted by shareholders of the Company at its Annual and Special Shareholder Meeting held on May 9, 2012 pursuant to which ProSep’s Board of Directors was authorized to implement a share consolidation at any time prior to May 9, 2013 upon determination by the Board that such share consolidation would be in the best interests of ProSep, its stakeholders and shareholders. Read more |
October 4, 2012
ProSep Announces $5 Million Contract Award for Proprietary Crude Treatment Technology
- Latin American customer places order for seven ProMix crude blending systems -
ProSep today announced it was awarded a contract valued at approximately $5 million for the delivery of seven ProMix proprietary crude blending solutions. These systems will be installed at a large onshore crude processing terminal in Latin America and will be used to efficiently blend light crude into heavy crude, achieving a uniform product to meet sales specifications. Delivery is expected to occur by the second half of 2013. Read more |
August 9, 2012
ProSep Reports 2012 Second Quarter Financial Results
ProSep today announced its financial results for the three and six-month periods ended June 30, 2012. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
August 1, 2012
Notice of ProSep 2012 Second Quarter Financial Results Conference Call
ProSep today will release its 2012 second quarter financial results on Thursday, August 9, 2012 at 7:00 a.m. (EST). Management will hold a conference call the same day, Thursday, August 9, 2012 at 8:00 a.m. (EST) to review the financial results and the highlights of the quarter. The call will be hosted by Jacques L. Drouin, President and CEO. Read more |
June 27, 2012
ProSep Announces $2 Million in New Contract Awards
ProSep today announced that ProSep Kolon, ProSep's South Korean joint venture company, was awarded three contracts for a total value of $2 million, for the supply of oil, gas and produced water treatment solutions. All three contracts were awarded by Korean engineering, procurement and construction companies ("EPC") on behalf of oil and gas producers operating in the Middle East and Greater Middle East regions. Read more |
May 24, 2012
ProSep Announces $1.3 Million Gas Treatment Contract Awards
- Including contract from Statoil R&D division for proprietary mixing solution -
ProSep today announced it was awarded two contracts totaling $1.3 million for gas treatment solutions. The bulk of this amount is for a CO2 gas treatment membrane system to be delivered to a South American gas producer. The second purchase order was awarded by Statoil, Norway's International energy company and a shareholder of ProSep, for a small proprietary mixing solution to be used in their gas treatment research and development activities. Both systems are expected to be delivered by the end of 2012. Read more |
May 9, 2012
ProSep Reports 2012 First Quarter Financial Results
ProSep today announced its financial results for the three-month period ended March 31, 2012. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
May 2, 2012
Notice of ProSep 2012 First Quarter Financial Results Conference Call and Annual Special General Shareholders Meeting
ProSep will release its 2012 first quarter financial results on Wednesday, May 9, 2012 at 7:00 a.m. (EST). Management will hold a conference call the same day, Wednesday, May 9, 2012 at 8:00 a.m. (EST) to review the financial results and the highlights of the quarter. Read more |
March 16, 2012
ProSep Announces Resignation Of Chief Financial Officer
ProSep announced today that Mr. Claude Samson has tendered his resignation as Chief Financial Officer and Corporate Secretary of the Company for personal reasons, effective March 30, 2012. The Company would like to thank Mr. Samson for his contribution and wish him the best in the future. ProSep has initiated a search to fill this position. Read more |
March 15, 2012
ProSep Announces $2.3 Million In New Contract Awards
- Including second contract awarded to ProSep's joint venture with South-Korea's Kolon Group -
ProSep today announced it was awarded two contracts for a total value of $2.3 million. The first contract, for a produced water treatment package, was awarded to ProSep Kolon (ProSep's South Korean joint venture company) by Hyundai Engineering Co. Ltd, for installation at a gas processing plant currently under development in Oman. The second award is for a second-stage crude oil separator for an offshore facility located in Latin America. Both projects are expected to be completed by the end of 2012. Read more |
March 12, 2012
ProSep Announces $2.5 Million In Contract Awards From Repeat Customers
ProSep today announced it was awarded multiple contracts from existing customers, for a total value of $2.5 million. These awards include a bulk oil degasser for an offshore facility in the Gulf of Mexico, membrane supplies for a natural gas treatment system operating in South America and crude separation internals for a customer established in Western Canada. All deliveries are all expected to occur in 2012. Read more |
March 9, 2012
ProSep Reports 2011 Fourth Quarter and Annual Financial Results
ProSep today announced its financial results for the three and twelve-month periods ended December 31, 2011. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
March 1, 2012
Notice of ProSep 2011 Fourth Quarter and Annual Financial Results Conference Call
ProSep will release its 2011 fourth quarter and annual financial results on Friday, March 9, 2012 at 7:00 a.m. (EST). Management will hold a conference call the same day, Friday, March 9, 2012 at 8:00 a.m. (EST) to review the financial results and the highlights of the fourth quarter. The call will be hosted by Jacques L. Drouin, President and CEO, and Claude Samson, Chief Financial Officer. Read more |
February 6, 2012
ProSep Announces $4.5 Million Gas Treatment Contract Award in South East Asia
ProSep today announced it was awarded a contract from a repeat customer valued at $4.5 million for the supply of a large fuel gas treatment system for an offshore oil field located in South East Asia. Delivery is expected to occur during the second half of 2012. Read more |
February 2, 2012
ProSep Awarded Gas Treatment Contract Valued at $3 Million
- First contract awarded to newly formed venture with South-Korea's Kolon Group -
ProSep today announced that its majority owned South-Korean joint venture company ProSep Kolon Company Limited ("ProSep Kolon"), was awarded a contract for the supply of a utility gas treatment system valued at $3.3 million. The customer is a South-Korean engineering firm selected to perform engineering, procurement and construction ("EPC") of a gas processing facility in Saudi Arabia. Delivery is expected to occur in January 2013. Read more |
January 30, 2012
ProSep Awarded $13 Million Contract for Seawater Treatment and Injection System in Gulf of Mexico
ProSep today announced it was awarded a contract valued at approximately $13 million for the design and supply of a seawater treatment and water injection system for installation on a floating production system that will operate in a deepwater Gulf of Mexico field. This contract represents the Company's third contract award in the region. Read more |
December 22, 2011
ProSep Awarded $2 Million in Contracts from Repeat Customers
ProSep today announced it has recently secured various contracts with existing customers amounting to $2 million, for the design and supply of new equipment including a produced water treatment system valued at $0.7 million and additional parts and change orders related to two different gas treatment projects. Read more |
December 21, 2011
ProSep Announces $4.2 Million Private Placement and Appointment of New Board Member
ProSep today announced that it has closed a private placement of units of the Company ("Units") previously announced on December 6, 2011. ProSep issued an aggregate of 61,909,921 Units to Truffle Capital S.A.S. ("Truffle Capital") at a price of $0.06825 per Unit for total gross proceeds of $4,225,352. Each Unit is comprised of one common share in the share capital of the Company (each a "Common Share") and 0.40 common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant will entitle Truffle Capital to acquire one Common Share at a price of $0.06825 per Common Share and is valid for a period of twenty-four months. Read more |
December 8, 2011
ProSep Awarded $6.5 Million Contracts for Early Production Facility in Iraq
ProSep today announced it was awarded three contracts with a new customer operating in Iraq, for the design and supply of a produced water package and water deaeration and fuel gas treatment systems. Together, these contracts represent a value of $6.5 million. The equipment provided will be installed at the same early production facility located onshore. Read more |
December 6, 2011
ProSep Announces Private Placement of $4.2 Million
Company Welcomes Additional Investment from New European Investor Technology
ProSep is pleased to announce a private placement offering for gross proceeds of $4,225,352 pursuant to which 61,909,921 units of the Company (the "Units") will be issued to Truffle Capital S.A.S. ("Truffle Capital") at a price of $0.06825 per Unit. Each Unit will be comprised of one common share in the capital of the Company (each a "Common Share") and 0.40 common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant will entitle Truffle Capital to acquire one Common Share at a price of $0.06825 per Common Share and is valid for a period of twenty-four months. Read more |
December 2, 2011
ProSep Awarded $1.4 Million Contract From Schlumberger for Produced Water Treatment Technology
ProSep today announced it was awarded a $1.4 million contract to supply M-I Swaco, a Schlumberger Company, with a proprietary CTour® produced water treatment system, for installation on an offshore platform operating on the Norwegian Continental Shelf. Read more |
November 10, 2011
ProSep Reports 2011 Third Quarter Financial Results
ProSep today announced its financial results for the three and nine-month periods ended September 30, 2011. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
November 3, 2011
Notice of ProSep 2011 Third Quarter Results Conference Call
ProSep will release its 2011 third quarter financial results on Thursday, November 10, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Thursday, November 10, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the third quarter. The call will be hosted by Jacques L. Drouin, President and CEO, and Claude Samson, Chief Financial Officer.
Read more |
October 19, 2011
ProSep Ranked Among the Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50™
ProSep is pleased to announce a private placement offering for gross proceeds of $4,225,352 pursuant to which 61,909,921 units of the Company (the "Units") will be issued to Truffle Capital S.A.S. ("Truffle Capital") at a price of $0.06825 per Unit. Each Unit will be comprised of one common share in the capital of the Company (each a "Common Share") and 0.40 common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant will entitle Truffle Capital to acquire one Common Share at a price of $0.06825 per Common Share and is valid for a period of twenty-four months.Read more |
October 14, 2011
ProSep Concludes $11.1 Million Private Placement
ProSep today announced that it has closed a tranche of its private placement of common shares of the Company ("Common Shares") previously announced on October 6, 2011. ProSep issued an aggregate of 163,346,459 Common Shares to Investissement Québec ("IQ"), Cycle Capital Fund I, L.P. ("Cycle"), Fondaction, le Fonds de développement de la Confédération des Syndicats Nationaux pour la coopération et l'emploi ("Fondaction"), Flint Energy Services Ltd. ("Flint"), and certain members of executive management of ProSep ("Management"), at a purchase price of $0.06825 per Common Share for total gross proceeds of $11,148,396. Read more |
October 13, 2011
ProSep Announces $9 Million Contract Awards in South East Asia
For a large produced water treatment system and fuel gas treatment package
ProSep today announced it was awarded two contracts totalling $9 million. The first contract is for a large produced water treatment package, and the second is for the supply of a fuel gas treatment system. Both systems will be delivered and installed in 2012 on two distinctly-owned and operated offshore production platforms in South East Asia. Read more |
October 11, 2011
ProSep Announces $2.7 Million Contract For Water Injection System
ProSep today announced it was awarded its first contract for the design and supply of a water injection system. Valued at $2.7 million, this equipment will be installed on a floating production storage and offloading (FPSO) vessel in South East Asia. Delivery is expected to occur before the second half of 2012. Read more |
October 6, 2011
ProSep Announces Private Placement of $11.1 Million and Strategic Alliance With Flint Energy Services Ltd.
ProSep announced today that is has entered into agreements for a non-brokered private placement of common shares of the Company (the "Common Shares") for gross proceeds of up to $15 million. The Company will use the net proceeds from the private placement for commercialization, business development and general working capital purposes. Read more |
September 26, 2011
ProSep Announces $1.2 Million Contract Award For Proprietary Crude Desalting Technology
ProSep today announced it was awarded a US$1.2 million contract to supply a leading Latin American oil company with ProSaltTM mixers. Recent field tests at the customer's facility have shown significant improvements in the desalting process while reducing the need for dilution water and chemical injection. Read more |
September 19, 2011
ProSep Nominates General Manager for U.S. Operations
ProSep today announced the nomination of Michael M. Browne, P.Eng., as General Manager of ProSep (USA) Inc., the Company's business unit located in Houston, Texas. Read more |
August 30, 2011
ProSep Announces Field Testing of Proprietary Technology in Saudi Arabia
ProSep today announced its proprietary injection and mixing technology will be tested at two oil gathering and treating facilities located in the Kingdom of Saudi Arabia. The objective of this new field test is to further demonstrate process improvements and significant savings in chemical consumption typically required for oil treatment and separation. Read more |
August 10, 2011
ProSep Reports 2011 Second Quarter Financial Results
ProSep today announced its financial results for the three and six-month periods ended June 30, 2011. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
August 3, 2011
Notice of ProSep 2011 Second Quarter Results Conference Call
ProSep will release its 2011 second quarter financial results on Wednesday, August 10, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Wednesday, August 10, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the second quarter. The call will be hosted by Jacques L. Drouin, President and CEO, and Claude Samson, Chief Financial Officer. Read more |
July 21, 2011
ProSep Launches Seawater Treatment and Water Injection Systems Offering
ProSep today announced the launch of its customized seawater treatment and water injection offering, further completing the Company's portfolio of process solutions. ProSep is now one of the few companies that can provide the oil & gas industry with treatment equipment at every stage of upstream processing. Read more |
July 5, 2011
ProSep Announces $1.8 Million in New Contracts
ProSep today announced it was awarded $1.8 million in new contracts to supply a produced water treatment system for installation on a deepwater Gulf of Mexico facility and crude dehydration equipment for two oil sands facilities located in Alberta, Canada. Read more |
June 2, 2011
ProSep Assembles Leading International Team
- Nominates new EVP to lead engineering and product development -
ProSep today announced the assembly of its leading international process engineering and business development teams, and the nomination of Gary Blizzard, M.B.A., as Executive Vice President of Process Engineering and Product Development. Read more |
May 11, 2011
ProSep Reports 2011 First Quarter Financial Results
ProSep today announced its financial results for the three month period ended March 31, 2011. All amounts are reported in Canadian dollars unless otherwise stated. As of January 1, 2011, the Company adopted International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board. Read more |
May 4, 2011
Notice of ProSep 2011 First Quarter Results Conference Call and Notice of Annual and Special Shareholders Meeting
ProSep will release its 2011 first quarter financial results on Wednesday, May 11, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Wednesday, May 11, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the first quarter. Read more |
April 4, 2011
ProSep Concludes a $2.5 Million Revolving Loan Agreement with Fondaction
ProSep announced today that it has concluded a $2.5 million unsecured revolving loan agreement with Fondaction, le Fonds de développement de la Confédération des Syndicats Nationaux pour la coopération et l'emploi, ProSep's largest shareholder. Read more |
March 31, 2011
ProSep Awarded $4.1 Million Gas Treatment Contract
ProSep announces it was awarded a $4.1 million contract to provide a gas membrane system to a large independent North-American customer. This system will be used for enhanced oil recovery activities for a repeat customer's operation in Texas. Delivery is scheduled for the first half of 2012. Read more |
March 16, 2011
ProSep Appoints New Chief Financial Officer
ProSep announces the appointment of Claude Samson, C.A., M.B.A. as Chief Financial Officer and Corporate Secretary, effective March 28th 2011. Mr. Samson will be responsible for all financial and legal matters of the Company, including accounting, treasury, reporting, taxation and financing. Read more |
March 10, 2011
ProSep Reports 2010 Financial Results
ProSep today announced its financial results for the three and twelve-month periods ended December 31, 2010. All amounts are reported in Canadian dollars unless otherwise stated. Read more |
March 3, 2011
Notice of ProSep 2010 Fourth Quarter and Annual Financial Results Conference Call
ProSep will release its 2010 fourth quarter and annual financial results on Thursday, March 10, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Thursday, March 10, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the fourth quarter. Read more |
February 21, 2011
ProSep To Supply $2.6 Million Of Spare Parts To Existing Customer
ProSep announces it was awarded a $2.6 million contract to supply spare parts associated with a CO2 gas treatment plant, to a large independent North-American customer. Read more |
February 14, 2011
ProSep Awarded $5.5 Million Gas Treatment Contract
ProSep announces it was awarded a $5.5 million contract to provide a gas dehydration system to a super major international oil and gas producer operating in the South China Sea. Read more |
February 3, 2011
ProSep Awarded $9 Million Gas Treatment Contract
ProSep Inc. announces it was awarded a $9 million contract to provide an additional gas membrane system to a large independent North-American customer. This new system is designed to treat higher gas volumes and inlet CO2 content. Delivery is scheduled mid-2011. Read more |
