CEB

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. 

Ceiba Energy Services Inc. ("Ceiba Energy" or the "Company") (TSX VENTURE:CEB) a
provider of specialized services to the energy sector, is pleased to announce
the following:




--  Record volumes at the Silver Valley facility delivering growth of 266%
    over Q3 2012, 45% growth over Q1 2013 and 33% growth over Q2 2013; 
--  Construction of the Chamberlain facility is on schedule to open in the
    fourth quarter; 
--  Official launch of new website, www.ceibaenergy.com and corporate
    presentation.



Operational Updates 

Silver Valley: 

The facility received approximately 33,000 cubic metres of produced water and
emulsion volumes for the third quarter. This volume represents an approximate
increase of 266% over Q3 2012, a 33% increase over the second quarter of 2013
and a 46% increase over the first quarter of 2013, the quarter that typically
delivers the highest volumes for the industry. This increase is attributed to
the continued optimization of the facility, and an expanding customer base in
the area as a result of focused marketing efforts.  


Additionally the Company expects to receive approval for the expansion of the
Silver Valley facility to allow for additional capacity and improvements in
offloading capabilities. Management expects that the continued strong demand in
the area for the Company's services and this expansion will allow Ceiba Energy
to capture additional volumes that currently exist in the market. The Company
plans to proceed with the expansion after break-up in 2014 with a target to
double receipts and processing capacity at the facility over the next year. 


Chamberlain: 

After the successful completion of the workover well in early July, the Company
immediately commenced construction on the Chamberlain facility in Strathcona,
Edmonton. This work has proceeded on time and on budget and is approximately 85%
complete. Management currently forecasts the facility to be operating by early
November 2013. For pictures and additional information on the progress at
Chamberlain, please visit our website at www.ceibaenergy.com. 


The facility, originally scheduled to operate with a 12 hour shift, will open
with extended hours due to the high level of advance interest from new and
current clients in the area. Chamberlain is a Custom Treating Facility and is
licensed to receive emulsion for treating and produced water for disposal. 


The opening of the Chamberlain facility will provide the Company with three
operational facilities contributing revenue and operating margin to the Company
in the fourth quarter.  


"We are extremely pleased with delivering record volumes for three quarters in a
row at the Silver Valley facility and moving forward with the expansion," said
Ian Simister, President, "Further, the opening of the Chamberlain facility in
the fourth quarter will be a major milestone in executing the growth plan for
the Company." 


Future Plans and Outlook 

With the Chamberlain facility nearly completed, the Company is now focusing on
its capital and growth plans for 2014 and will provide more detail as the
budgets are completed. However, the Company expects that these plans will
include expanding services at the Silver Valley facility in 2014 as well as
developing two new targeted wastewater disposal facilities. The Company
continues to evaluate and seek additional acquisition and expansion
opportunities. 


The Company is pleased to announce the relaunch of its corporate website,
www.ceibaenergy.com. The Company's new corporate presentation is available on
the website. 


About Ceiba Energy 

Ceiba Energy provides specialized services to the energy sector, specifically to
companies involved in the exploration, extraction and production of oil and
natural gas in under serviced market space through out Western Canada. Ceiba
Energy develops and constructs facilities in proximity to its customers to
provide treatment of crude oil emulsion, terminalling, storage and marketing of
oil and disposal of production water. 


Reader Advisory 

Certain information regarding Ceiba Energy in this news release, including
management's assessment of the expected time of completion of the Chamberlain
facility and the expected capacity of the Silver Valley facility, may constitute
forward looking statements under applicable securities laws and necessarily
involve risks including, without limitation, risks associated with facility
construction and oilfield services operations, general risks associated with oil
and gas exploration, development, production, marketing and disposal of waste,
loss of markets, environmental risks, competition from other service providers,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on these and other factors
that could affect Ceiba Energy's operations and financial results are included
in reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). The forward-looking
statements or information contained in this news release are made as of the date
hereof and Ceiba Energy does not undertake any obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available. 


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 the accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ceiba Energy Services Inc.
Todd Hanas
Investor Relations
1-866-869-8072
thanas@ceibaenergy.com
www.ceibaenergy.com

Ceiba Energy Services Inc. (TSXV:CEB)
Historical Stock Chart
From Jun 2024 to Jul 2024

Ceiba Energy Services Inc. (TSXV:CEB)
Historical Stock Chart
From Jul 2023 to Jul 2024