Key Milestones Achieved During the last year Raise made some material strides forward: System Deployment / Retrieval: 5 deployments and 3 retrievals of horizontal wellbore production system (System): No running/retrieving issues…
Support For System Theory Important information gathered from field deployments: Demonstrated higher fluid levels Higher shut in pressures Visible water production Encouraging short term intermittent flow rates Quicker recovery…
Challenges Plan to be commercial in 2Q 2014 was delayed because of a component issue: Last 4 System deployments experienced identical malfunctions 3rd party component issue identified: Path to identifying malfunctioning component was…
New IP Added to Portfolio Necessity is the mother of invention: Challenges experienced during first System deployment drove Raise to innovate 80 year old technology Raise vertical lift solution: Raise patent pending components…
Steps to Commercialization Hires : Manufacturing Manager Purchasing Agent Assembly / Deployment Supervisor Inventory control system Lean manufacturing processes Qualification of 3rd party machine shops and part vendors 7
1. Overcome Part Challenge Anticipate Oct/Nov 2014 2. Re-Deploy System in Wellbore 2 Target Dec 2014 3. Commercialize Vertical Lift Business Ongoing 4. Design & Testing of System Version 2.0 Work already underway Electric…
2620, 58th Ave SE Calgary, AB T2C 1G5 403-699-7675 raiseproduction.com Scott Riddell, VP Business Development Eric Laing, CEO Susan Scullion, CFO sriddellraiseproduction.com elaingraiseproduction.com…