Watergy wins additional contract for oil, gas produced water treatment

Watergy Produced Water Solutions Inc., an oil and gas services provider of turnkey produced water management solutions, announced it has received an additional contract to treat water produced from oil and gas exploration in the Rocky Mountain region. The contract provides for Watergy's technology and equipment to treat an initial 4,000 barrels a day of produced water increasing to 20,000 barrels a day. The treated water will be reused beneficially for irrigation purposes...

DENVER, Nov. 27, 2007 -- Watergy Produced Water Solutions Inc., an oil and gas services provider of turnkey produced water management solutions, announced it has received an additional contract to treat water produced from oil and gas exploration in the Rocky Mountain region.

The contract provides for Watergy's technology and equipment to treat an initial 4,000 barrels a day of produced water increasing to 20,000 barrels a day. The treated water will be reused beneficially for irrigation purposes. The source of the water will be from oil and gas production on the Western Slope of Colorado. Watergy will also receive an operation and maintenance contract for this facility upon startup. The combined value of the equipment and services contracts is estimated to be $5 million over five years.

George Kast, CEO stated, "This project is of particular interest as we will be reusing the treated water to irrigate high-value agricultural crops. We will create a real world demonstration of our technology as a model for beneficial use of produced water from Oil and Gas production. The Rocky Mountain region is seeing a sharp rise in E&P activity and the industry is generating a tremendous amount of water. Our approach to reusing this water provides an environmental and cost effective solution."

Watergy also reports that it has delivered its initial Oil and Gas produced water treatment facility, and begun start up and testing for the facility. Watergy indicates it is in discussion with numerous other producers for the treatment of their produced waters.

Watergy Produced Water Solutions Inc. is a Denver Colorado based company focused on providing advanced water management and treatment services for CBNG energy producers in the Rocky Mountain region.

Global Water Technologies Inc. is a "CleanTech" water treatment and services company with "clearly" innovative technologies, focused on the energy, power, oil and gas, process, HVAC and municipal markets.

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