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Alanco Wins Landmark County Approval for Western Colorado’s First Oil & Gas Waste Disposal Landfill to Include Naturally

  Alanco Wins Landmark County Approval for Western Colorado’s First Oil & Gas
  Waste Disposal Landfill to Include Naturally-Occurring Radioactive Material
  (NORM) O&G Wastes

Business Wire

SCOTTSDALE, Ariz. -- December 17, 2013

Alanco Technologies, Inc. (OTCBB: ALAN) announced that on December 10, 2013,
the Mesa, Colorado County Board of Commissioners unanimously approved a
proposal for the Company’s Alanco Energy Services (AES) subsidiary to
construct and operate on its 160 acre Indian Mesa site near Grand Junction,
Colorado, an 80 acre, 3 million cubic yard capacity landfill for disposal of
solid oil & gas (O&G) waste, such as drill cuttings, tank bottoms, sock
filters, etc. Significantly, the landfill approval also allows for disposal of
Naturally-Occurring Radioactive Material (NORM) contaminated O&G wastes,
including both solids and produced water. This new County landfill approval is
in the form of an amendment to AES’s initial Indian Mesa permit issued in 2010
approving produced water disposal utilizing evaporation ponds.

AES expects final construction approval from the Colorado Department of Public
Health and Environment (CDPHE) in February 2014 for Indian Mesa’s produced
water disposal ponds, which will consist of 12 ponds on the north 80 acres of
the 160 acre site with an annual evaporative capacity in excess of 1 million
barrels of produced water. Construction approval for Indian Mesa’s south 80
acre landfill operation is expected by fall 2014. Completed build-out of the
Indian Mesa facility, including both landfill and evaporative ponds, will
result in a unique Western Colorado “one stop shop” for all O&G waste
products, including NORM contaminated waste streams.

Update: AES’s Deer Creek Facility

Now over one year in commercial operation, AES’s Deer Creek produced water
disposal facility, located approximately 4 miles southeast of the AES Indian
Mesa site, with evaporative capacity of approximately 300,000 barrels
annually, is providing Piceance Basin producers with outstanding service and
significant transportation cost savings.

Further improvement in AES’s Deer Creek customer service capability was
facilitated on November 12, 2013 by the Mesa County Board of Commissioners
approval of an amendment to Deer Creek’s County Use Permit, allowing 24/7
operation versus the previously restricted daylight hours only, and no Sunday
operation. The new 24/7 operating permit proved its value on Sunday, December
15, 2013, when the Deer Creek facility recorded and processed a record 38
truckloads of produced water, averaging 130 barrels per truck.

Bob Kauffman, Alanco CEO, commented, “While Mesa County’s unanimous approval
of our proposed Indian Mesa landfill is a very important milestone in our
development of AES’s Colorado O&G waste disposal business, the inclusion of
NORM disposal capability may well prove to be the pivotal outcome. The State
of Colorado is in the forefront of recent activity to develop new regulations
for permanent disposal of NORM contaminated waste products, most particularly
O&G waste materials due to volume and projected growth. We believe that new,
more restrictive NORM regulations will be imposed on Colorado oil and gas
producers within 12-18 months, which will result in a multi-million dollar
market opportunity for approved, logistically attractive NORM O&G disposal
facilities. Currently, the only disposal site in the State of Colorado
permitted to receive NORM waste is Clean Harbor’s Deer Trail facility in
Eastern Colorado. Indian Mesa is anticipated to be the first 'one stop shop'
NORM O&G disposal facility in Western Colorado serving Piceance Basin
producers, and poised to provide exceptional future value to both potential
customers and AES.”

EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS
RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH
FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES
INCLUDE, BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR OUR PRODUCTS; COMPETITIVE
PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES; RAPID INDUSTRY CHANGES; FAILURE OF AN ACQUIRED BUSINESS TO
FURTHER THE COMPANY’S STRATEGIES; THE ABILITY TO MAINTAIN SATISFACTORY
RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE WITH FINANCIAL COVENANTS
AND OTHER REQUIREMENTS UNDER CURRENT BANKING AGREEMENTS; AND MARKET RISK
ASSOCIATED WITH HOLDING ORBCOMM STOCK.

Contact:

Alanco Technologies, Inc.
John Carlson, 480-505-4869