TSX-V: "GLK"
Shares Outstanding 20,535,959
CALGARY, March 30 /CNW/ - Global Energy Services Ltd. ("Global Energy")
(GLK - TSX Venture), announces that that the United States Patent & Trademark
Office issued Patent No. 7,431,572 B2 specifically relating to it's Activator
downhole hydraulics submersible pump (HSP).
The Activator HSP is a leading dewatering technology used to prolong the
life of water prone gas wells. The United States is one of the biggest market
opportunities for the Activator HSP given the large amounts of mature gas
wells and growing shale gas wells for which the Activator HSP is ideally
suited.
"This patent in the United States protects our leading technology in a
huge emerging market," said Derek Begin, President and CEO. "Our continued
success in both Canada and United States, with patent protection throughout
North America, positions Global Energy with a solid foundation and future."
Effective immediately, Global Energy also announces the resignation of
Farhan Farshori, Vice President of Corporate Development. We thank Mr.
Farshori for helping grow the Activator HSP and Production Services product
line and wish him the best in his future endeavors.
We have a new link on our website to a segregated Global Energy Services
Ltd. page on StockResearchPortal.com where you can access incremental data on
Global Energy Services not available on our website. That data includes
Insider Trading, Price Performance Charts, Volatility Charts, Moving Average
Price Charts, Director & Officer Corporate Cross-References, and Latest eight
Quarter Financial Schedules.
About Global Energy Services Ltd.
Global Energy Services Ltd. is an innovative oilfield service company
that provides production services and communications solutions to the oil and
gas industry. The production services segment utilizes its patented Activator
hydraulic submersible pump to enhance gas production in conventional gas, oil
wells and coal methane wells. Global was founded in 1994 and is listed on the
TSX-V.
More information about Global Energy Services can be found at
http://www.global-energy.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00006009E
