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Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting

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To: betchabgone who wrote (904)6/6/2012 10:21:00 AM
From: betchabgone  Read Replies (1) of 1056
 
Another set of contracts for OTS.v....expecting another record quarter...

Cdn Oilfield receives three purchase orders in Mexico

2012-06-06 09:21 ET - News Release

Mr. Phil D'Angelo reports

CDN OILFIELD TECHNOLOGIES & SOLUTIONS CORP. (TSX VENTURE:OTS): NEW ORDERS-MEXICO

Cdn Oilfield Technologies & Solutions Corp.'s 100-per-cent-owned Mexican subsidiary, Cdn Oilfield Technologies & Solutions SRL de CV (COTS), has received three new purchase orders totalling 25.5 million pesos (approximately $2-million (U.S.)) for short-term construction projects. COTS will provide short-term advance financing and project management services for the projects in return for a 50-per-cent profit-sharing arrangement. The projects are identified as Tecominoacan 846, Paredon 501 and Cardenas 627.

The work projects were issued by Schlumberger, the largest oil and gas service company in Mexico under a master agreement issued by Pemex, the state-owned oil and gas producer. The projects are expected to commence immediately with completion ranging from 15 to 30 days.

Phil D'Angelo states: "With the Terra 114 onshore drilling platform and road access construction project nearing completion, Schlumberger is continuing to move forward awarding new contracts. Detailed process analysis combined with hands-on project management has proven to deliver results beyond expectations. COTS is executing on its business strategy and will continue to explore new opportunities that will afford additional revenue streams for the company."

We seek Safe Harbor.
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