Mission: Changing the way clients think about producing energy 9 Years of Service 25 Employees 0 2014 TRIF Largest ESP Supplier (Gillette WY gas wells) 6.5% Inside Ownership DVG 0.12 - 0.54 37.3 million…
2014 Canadian Well Targets1 Industry is dominated by horizontal drilling for oil. Gas 10% Divergent is Oil focused. Developing pumps suited to horizontal wells Linear Electric Submersible Pump (Pump). Not dependent on drilling…
Alberta1 Saskatchewan1 Manitoba1 Viking Bakken Spearfish (Amaranth) Cardium Viking Slave Point Shaunavon 1. Oil plays that are being developed using horizontal drilling techniques, and rely heavily on pump jacks to produce oil. This…
Since 2006 we have specialized in electric submersible pumps. Divergents Wyoming operation is Cashflow positive The largest Electric Submersible Pump provider for gas producers in the Powder River Basin. Ideally located to introduce…
Wyoming North Dakota Colorado Niobrara Shale Oil - a Bakken Shale Oil - nearly Niobrara Shale Oil - highly prominent oil play that 100% of wells use rod developed and relies relies heavily on rod pumps pumps as production heavily on…
Veracruz Tabasco Tamaulipas Linear Pump Construction Financing Flexible Pipe Sales Poza Rica Field. We do not anticipate We do not anticipate 750+ candidate wells having the necessary having the necessary identified by Pemex. credit…
Divergents Linear Electric Submersible Pump... Is powered by permanent magnets made from rare earth metals. Efficient Power. Uses magnetic fields to create thrust from the motor section - only one moving part. Simple. Is a…
Divergents Linear Electric Submersible Pump Eliminates Surface Lifting equipment - smaller footprint means reduced construction costs, lower environmental impact, and lower impact on farm/ranching lands. Eliminates Sucker rods - worn…
Divergents Linear Electric Submersible Pump delivers Remote adjustments to pump rates - as your wellbore changes, so does your pump. Remote monitoring - watch your production 24/7. Can be landed in horizontal, deviated, or vertical…
Resolving Old Problems: Yesterdays solutions are not a fit for todays wells Target Market 750,000 Rod Pumps 65% of wells that require some form of artificial lift use rod pumps. in North America MATURE DEMAND FOR LIMITS ON…
2015 Growth by Product Type Linear Electric Submersible Pump (LESP) sales are expected to make the greatest impact to our revenue, accounting for 88% of our growth. ESP ESPCP Commercial production of the LESP in 2015 Electric…
Comparative Results: All amounts in USD thousands, except per share amounts and as noted. Three Months Ended March 31 2015 2014 % Change Revenue 1,367 1,519 (10%) Gross Profit 570 621 (8%) Net Earnings (Loss) (2,387) (647) (269%)…
All amounts in USD thousands, except per share amounts and as noted. As at December 31, 2014 Cash and Cash Equivalents 1,371 Working Capital 1,296 Long Term Finance Contract and Loan Receivable 756 Property, Equipment and Trademark…
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