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Sionix Corporation provided an update on its Williston Basin Project in North Dakota. In accordance with treatment revisions requested by their E&P client, Sionix has completed the reconfiguration of their Mobile Water Treatment System (MWTS) and the proposed reconfiguration was submitted to McFall Incorporated and representatives of their E&P client during the course of onsite meetings last week. The proposed MWTS modifications were agreed upon, particularly as they related to MWTS component configuration, treatment parameters, and capacity metrics.
Sionix Chairman and CEO Jim Currier advised, "With approvals in hand, specific MWTS components are currently being ordered and acquired. As each component is received they will be integrated into our treatment train for deployment to the Williston Basin at the earliest possible date." Currier expects deployment no later than mid-July, 2012.
Noting the delays caused as a result of the MWTS reconfiguration, Currier further advised that "the single most important aspect of our reconfiguration was the multilateral accord between the parties that establish protocols and metrics for the measurement of treatment results, ultimately minimizing performance risks as well as setting the bar much higher for competitive advantage in the Williston and other shale formations currently under development west of the Mississippi."
As previously disclosed, Sionix personnel will be responsible for the integration of the modified components, the subsequent operation and maintenance of the MWTS and its performance in the Williston Basin. As the re-configurated MWTS is implemented into the drilling schedule of our E&P client, Sionix anticipates further deployments in the Williston Basin, as well as other energy bearing shale formations in the continental United States.
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