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 ProSalt 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 |
