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Aqua-Pure Deploys ROVER Water Treatment in the Eagle Ford

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   |    Tuesday,September 09,2014

Aqua-Pure Ventures Inc. has announced installation of a second ROVER unit through FQS Ventures, a joint venture between Aqua-Pure’s wholly owned subsidiary Fountain Quail Water Management and Select Energy Services, marking the first ROVER mobilization into the Eagle Ford.

Following a successful installation and testing, the ROVER began recycling produced and flowback water to clean brine on September 5, 2014 in the Eagle Ford. The rolling 3 month engagement with a new customer, a large public independent, one of the largest producers in the Eagle Ford with operations extending into the Permian, Oklahoma, Colorado and the Texas Panhandle, is expected to extend through the end of 2015. The engagement includes an option to add a second ROVER after the initial 3-month period. At this site, the ROVER will be receiving produced and flowback water at a processing rate of up to 8,000 to 10,000 barrels per day.

Richard Broderick, President of Fountain Quail Water Management and Chairman of FQS Ventures, commented: "We are seeing excellent in-field performance and high interest in our ROVER units. As the oil & gas industry is gearing up for water recycling and reuse, contracting a ROVER mobile clarifier package is a powerful value proposition. At approximately $1 per barrel, ROVER can consistently process high volumes of flowback and produced water into clean brine for reuse in a broad range of fracturing operations. Deployment, set up and testing can be performed within a few days. Our first ROVER dispatched in the Permian Basin has been running continuously with negligible downtime since April 1 and anticipate that it will continue to operate at our customer’s site for the foreseeable future. We are processing all of the produced water we receive on a daily basis from two injection well facilities. The ROVER is proving to be a reliable and rugged technology that I estimate will generate new revenue and expansion opportunities for both the joint venture and Fountain Quail."

The Company also noted that it received a 90 day extension to the 6-month drawdown of a $3 million 5.12%, five-year secured loan agreement with the Agriculture Financial Services Corporation (a Provincial Government Crown Corporation) for the construction of additional NOMAD and ROVER units. Aqua-Pure has currently put $1.5 million of the loan to use in the construction of 3 ROVER units, all to be completed in September. The Company anticipates deploying the balance of the loan to build additional ROVERs as well as finish the construction of 2 NOMAD units that are close to 90% complete.


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