News about Wescorp Energy Inc. (OTCBB: WSCE)Point Roberts, WA - December 9, 2011 � Investorideas.com, a leader in sector research including water stocks and energy stocks continues coverage in the energy and water series, with a trading snapshot of small cap stocks in the sector. Touted to be the next big thing in the water treatment sector, Investorideas.com features ongoing commentary on stocks and industry developments for frac water and produced water treatment.
TSX-V: RLE.V) closed at $0.83, up 0.04 (5.06%) on over 450,000 shares. Ridgeline Energy Services (TSX-V: RLE.V), an energy services technology company focused on the treatment of wastewater in the oil and gas, commercial and industrial wastewater sectors, announces on December 1 st its second quarter fiscal 2012 financial results for the three months ending September 30, 2011. The Company also provided an update on the commercial progress of its proprietary water treatment system.
Q2 2012 Highlights:
- Revenue increased 34.5% to $3.2 million from $2.4 million in Q2 2011 as a result of an increase in revenue predominantly from the environmental consulting business.
- Signed two development agreements with major North American oil and gas companies to test and treat flowback water from hydraulic fracturing operations.
Mr. Jonathan D. Hoopes, President and Chief Operating Officer of GreenHunter Energy, Inc. (NYSE Amex:GRH), presented December 7th, at the 7th Annual Livingston Nanotechnology and Water Innovations Conference being held at 30 Rockefeller Center in New York City. Mr. Hoopes also provided an update on the Company’s Total Water Management Solutions™ business activity in the unconventional shale resource plays. The stock closed down .01 at .79 on Thursday.
Wescorp Energy Inc. (OTCBB: WSCE ) closed at 0.0117, up 0.0004 (3.54%) on over 1.3 million shares. The stock has traded down since President and CEO Doug Biles left the Company. The Company announced a hunt for new CEO on Friday near the close. Wescorp is a clean water technology company focused on implementing its superior, low-cost, water purification solutions for the oil and gas production industry and for marine remediation projects.
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