Updates on Pending Sionix Corp. Projects in Nigeria, North Dakota
Company releases information on developing water treatment projects
Sionix Corp. recently provided updates related to its forthcoming project with ANA Global Corp. and Sionix’s development of a brine recycling facility in the Williston Basin of North Dakota.
In August 2011, Sionix signed a letter of intent (LOI) with ANA Global for the purchase of two Sionix mobile water treatment systems to be installed in a cooperative housing project in Abuja, Nigeria. In a recent discussion with ANA management, Sionix learned that infrastructure engineering was delayed and that the current LOI is not expected to convert to a definitive purchase order until late winter or early spring 2012.
“Construction of the cooperative housing project in Abuja is on track to be completed and ready for occupancy by December 2012. We are also looking into other joint projects with ANA Global, as we see excellent opportunities for us to build out our operations in West Africa,” said Sionix chairman and CEO James Currier.
Additionally in August 2011, Sionix signed an agreement to lease property for the installation and operation of a brine recycling facility in the Williston Basin of North Dakota. Members of the Sionix management team recently visited the region to interview local and state regulatory authorities and inspect current drilling activities in an effort to enhance the company's understanding of the present drilling, hydrofracturing and operating procedures relevant to the design, installation and operation of the facility.
"We are seeking to recycle flowback water from the hydrofracturing operations of the oil and gas industry in the Bakken Shale formation of the Williston Basin to reduce stress on North Dakota's fresh water resources without impairing the economic benefit the state enjoys from these important energy harvesting operations," Currier said. "Currently oil companies in the area tend to discharge frack waste, which is heavily contaminated with brine, directly into nearby injection wells and continually access fresh water supplies for their hydrofracturing operations.”
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