DALLAS, TX — (Marketwire) — 02/01/12 — Freestone Resources, Inc. (OTCBB: FSNR) announces the ongoing operation and testing of a water treatment system designed to recycle and treat flowback and produced water through its joint venture with MEA Solutions, Freestone Water Solutions (FWS). The ongoing operations in the field have produced extremely positive results.
“I have been onsite in the field over the last few weeks working with the Freestone Water Solutions team, as well as various industry specialists to perfect a treatment program that will treat and recycle a wide array of produced and flowback water from various formations effectively and efficiently,” said Clayton Carter, President of Freestone Resources. “The last few weeks have been dedicated to testing our process against many different large quantity water samples. Based on the results from this testing, we feel confident in the process and will begin to hold demonstrations of the technology beginning next week to certain potential strategic and financial partners.”
Freestone Resources, Inc. will hold its annual shareholder–s meeting on March 1, 2012. The meeting will update shareholders on the current progress of the company–s projects as well as voting on several corporate items.
MEA Solutions is a Houston, Texas based company owned by Michael McGhan, Charles “Chet” Erwin and Gerald “Oj” Armstrong that consolidated their leadership and experience in the oil gas service industry with water resource, management and treatment services for industrial, municipal, and governmental authorities to address the growing issues facing the interdependent industries.
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. .
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding the commercial potential of the Freestone Water Solutions technology and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Don Edwards
214-880-4870