LARAMIE, WY and CALGARY, AB — (Marketwire) — 07/27/11 — WellDog and Excel Team Holdings announced today that they have signed a Memorandum of Understanding under which Excel will introduce WellDog–s suite of technical services to the fast-growing coalbed methane (CBM) and shale gas markets in China.
“This is an exciting moment for both companies as China is gearing up unconventional gas (CBM) activities in its 12th 5 year plan,” said Peter Ho, Chairman and CTO of Excel. “Our group will be acting as a main technology bridge between top notch North America CBM technology groups such as WellDog and companies that are engaged in exploiting China–s vast unconventional gas resources. WellDog–s alliance with us will provide the crucial technical service support for the complex coal environment in China. We look forward to WellDog–s service expansion into China soon!”
The MOU covers all of WellDog–s business lines, including its award-winning pre-production gas testing services, its established pressure monitoring sales and installation services, its new permeability testing services, and its reservoir engineering services, as well as its business line based around a sustainably-focused downhole water/gas separation and re-injection technology.
“We–ve been examining the China market landscape for two years, and Excel is exactly the market entry channel that we–ve been seeking,” said John M. Pope, Ph.D., president and CEO of WellDog. “Rational investigation indicates that China will become the leading unconventional gas market soon — both as a consumer and as a producer that needs best-in-class services. We–re pleased to now be able to help China unconventional gas producers make more gas with less environmental impact, as we have in many other markets.”
Excel recently announced that it has opened up a new Unconventional Gas Research Centre in Harbin, via its subsidiary Multi Century Energy Technology (Beijing), to provide equipment and expertise to Coal Field Geology Bureau of Heilongjiang Province. The Research Centre will provide a leading platform for foreign CBM technology providers such as WellDog to showcase and demonstrate unique CBM expertise and penetrate into China–s growing upstream CBM market.
About Excel Team Holdings
Excel Team Holdings is a multi-national holdings company that is focused on unconventional gas (mainly coalbed methane, shale gas, tight sand gas) resources exploration, development and technology service company. It has a strong foundation in unconventional gas research and development. Excel has offices in Hong Kong, Beijing, Harbin, Hegan (China) and Calgary (Canada). More information is available at .
About WellDog
WellDog (trade name of Gas Sensing Technology Corp.) is a privately held company that applies a diverse set of innovative technologies to address the numerous critical needs of unconventional oil and gas and alternative energy industries in a high volume, low cost manner. Its flagship gas testing technical service has identified more than $600 million worth of natural gas in hundreds of coals around the world, while enabling resource producers to preserve more than a billion gallons of water. The company has offices in Laramie, Wyoming and Brisbane, Queensland, as well as a field office in Roma, Queensland. More information is available at .