Calgary's Innovative Blue Spark Energy Named Winner of the 2015 Canadian Oil & Gas Awards New Technology Development (Product) of the Year Award

CALGARY, ALBERTA -- (Marketwired) -- 06/30/15 -- Blue Spark Energy is thrilled to announce that they have received the 2015 Canadian Oil & Gas Awards New Technology Development (Product) of the Year Award.

"As a first-time nominee for this award, it is especially gratifying to be recognized for our achievements," says Todd Parker, Blue Spark Energy President and CEO. "We are honoured to have been nominated alongside so many other outstanding companies within the upstream and midstream sectors of the North American oil and gas industry."

Today's energy market is motivating many oil and gas companies to take advantage of Blue Spark Energy's WIRELINE APPLIED STIMULATION PULSING (WASP�) technology - an innovative, efficient, low cost, low risk, lower environmental impact oil and gas well stimulation technology that assists companies in challenging the economics of their existing wells.

According to Parker, "An efficient way to add production is to revitalize your existing assets. The current state of the energy market creates a perfect opportunity to assess your current portfolio and address production issues which may be preventing it from reaching its full potential."

Blue Spark Energy's WASP® technology compresses and discharges electrical energy and converts it to usable high-power hydraulic pulses to improve connectivity between the well bore and reservoir - quickly, safely and efficiently. The technology can be used as a stand-alone treatment or to complement other remediation methods, whether chemical or mechanical.

"We are finding in today's changing energy market that more and more oil and gas companies are truly looking at ways to do business more efficiently," says Parker. "This includes transformative opportunities to apply new technology such as what Blue Spark has to offer."

The company's WASP® technology has enhanced oil and gas flow in new or poorly producing wells, recovered reserves from non-producing wells, and increased flow in injector and disposal wells in more than 300 projects around the world.

Also crucial in today's energy industry is WASP® technology's lower environmental impact, efficiency and cost effectiveness. The technology uses no water, chemicals or explosives, maintains wellbore integrity, and delivers rapid, high-power impulses at the precise depth where blockages exist.

The WASP® technology equipment is compact and only requires one technician to operate, allowing most operations to be completed within one day.

Established in 2011, Blue Spark Energy is a privately-held company based in Calgary, Alberta, Canada. Since its inception, more than 50 companies around the world have successfully used WASP® to stimulate productivity in more than 300 oil and gas wells. The company was named after the "blue spark" that occurs within the WASP® tool when the physical pulse is activated.

WIRELINE APPLIED STIMULATION PULSING (WASP®) is a registered trademark of Blue Spark Energy

Contacts:
For interview requests or Calgary Operations facility tours:
Janice ter Borg
Blue Spark Energy media relations
Cell: (403) 816-6163
[email protected]

Blue Spark Energy
(403) 719-9011
(403) 719-8003 (FAX)
[email protected]

Source: Blue Spark Energy

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