Halifax, Canada / ACCESSWIRE / September 29, 2014 / NWest Energy Corp. (TSXV: NWN) (the "Company" or "NWest") announces today that it has retained the professional services of Fluidworks Chemicals Inc. ("Fluidworks"), an arm's length private Alberta enhanced oil recovery company, to carry out a review of the Spearfish Manitoba light oil region .
Fluidworks Chemical Inc. is a Calgary, Canada based company that develops and markets specialized oil field stimulation chemistries. In addition to product development, the company specializes in the review and diagnosis of downhole formation damage mechanisms and design of work - over programs
necessary to remediate wells to restore commercial hydrocarbon production. Fluidworks has access to various types of down - hole well stimulation tools. These stimulation tools can make the application of oil field chemistries more effective especially in the stimulation of long multi fracked horizontal wells like the Spearfish region. Fluidworks has established a successful track record in the oil industry for the remediation of troubled wells and have had numerous Energy and Production clients throughout North America. Fluidworks enhanced oil recovery technology works for both batch and continuous remediation of oil, gas and injection wells.
NWest Energy Corp. is positioning to be a leader in enhanced oil recovery and will be working with the energy industry to create further production from past drilling investments. The Government of Alberta has recently amended the oil royalty system to create further incentives to support enhanced oil recovery well stimulation and production. NWest is reviewing further oil producing regions in Alberta and Saskatchewan for potential Enhanced Oil Recovery applications.
About NWest Energy Corp.
NWest Energy Corp. is a TSX Venture Exchange listed, Canadian-based resource company focused on exploration, acquisition and advancement of oil and gas properties.
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Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made and information contained herein is "Forward-looking information" within the meaning of applicable securities laws, including statements regarding the proposed Transaction and the completion thereof, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including those described in each management's discussion and analysis released by the Company. In addition, forward-looking information is based on various assumptions including, without limitation, the satisfaction of any conditions to the Transaction, the timing and prospects for shareholder approval, if required, regulatory restrictions and the speculative nature of the natural resources industry. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For Further Information
Kevin Aylward, B. Comm, CEO /President, NWest Energy Corp., (902) 405-4751, 709 693-0080 cell, [email protected]
SOURCE: NWest Energy Corp.