CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) -- Raise Production Inc. (TSX-V:RPC) ("Raise" or the "Company") announces receiving a Notification of Allowance for its Mexican patent application.
Horizontal Artificial Recovery Technology (“HART”)
The Company is pleased to announce that it will be receiving the system and method patent from the Mexican Patent Office for its Horizontal Artificial Recovery Technology (“HART”). Raise received a Notification of Allowance for its Mexican patent application with the only remaining item being the payment of registration fees, which has now occurred.
The Mexican patent is in addition to the Canadian, United States, Australian, Russian and Chinese patents previously awarded. This will be the fifth international patent award in addition to the Canadian patent for the HART. The award of these international patents is validation of the uniqueness of the HART in respect to the method of multiple pumps deployed into horizontal wellbores. The Company expects the remaining four international patent applications to be approved in due course.
About Raise Production Inc.
The Company is an innovative oilfield service company that focuses its efforts on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells.
For further information please contact:
Eric Laing, President and Chief Executive Officer
E-mail: elaing@raiseproduction.com
Susan Scullion, Chief Financial Officer
E-mail: sscullion@raiseproduction.com
Raise Production Inc.
2620-58th Avenue S.E.
Calgary, Alberta T2C 1G5
Tel: (403) 699-7675
Web site at: www.raiseproduction.com
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