Zedi Closes Significant Deal with Crescent Point Energy for
Artificial Lift Technology
CALGARY, ALBERTA -- (Marketwire) -- 01/21/13 -- Zedi Inc. (the
"Company" or "Zedi") (TSX VENTURE:ZED) - Zedi completed a purchase
agreement in late December 2012 with Crescent Point Energy ("Crescent
Point"), to equip Crescent Point's new drill program near Viking,
Alberta, with the Zedi SilverJack artificial lift system. Crescent
Point also agreed to purchase Zedi Oil Well Test for nearly 250
active well sites. This purchase represents a significant investment
in Zedi's oil offerings.
"Crescent Point is always eager to find innovative methods to improve
production and deploy field technology", says Neil Smith, Vice
President Engineering and Business Development from Crescent Point
Energy. "We've adopted Zedi SilverJack because our installation time
is now hours instead of days, and our operations team finds the
control panel easy to use both at the well and remotely. This
flexibility improves our overall performance and saves costs."
Crescent Point will begin testing their wells using Zedi's Oil Well
Test in the first quarter of 2013. Zedi Oil Well Test is expected to
allow for the completion of more tests with less effort, which is
expected to reduce the frequency of orifice plate changes and
eliminate data errors that happen if an operator is not able to be on
site at a specific time. The deployment of this new technology is
expected to help Crescent Point meet their 2013 growth goals.
Zedi Inc. (TSX VENTURE:ZED) helps the world's oil and gas producers
be more productive, more profitable, and more sustainable through
technology backed by expert consultation and services. Our 60 years
of continuous operations in North America and recognition as one of
the industry's best workplaces, sets us apart in the production
operations landscape. With our unique combination of award-winning
automation, data management, and field and professional services, we
offer solutions to our customers' challenges and help them realize
their production potential.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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