Mr. Eugene Caine of Drumheller Alberta and the President of RTY, Mr. Terry Matthews have been appointed Directors of the wholly owned subsidiary.
Mr. Caine brings more than 27 years experience of Canadian oil and gas field service and production management experience. He is very well connected and knowledgeable in various types of oil and gas services, including wireline. Over the past 17 years Mr. Caine has supervised and coordinated contracts between major oil and gas companies and service companies for the provision of services including well completions, abandonments, pumping, logging, perforating, wireline and other services.
SSP will operate as an independent company providing well logging and completion services to the oil and natural gas industry. SSP will initially begin operations in the Canadian Western Sedimentary Basin. SSP will also capitalize on opportunities in the international markets that RTY has already identified as having the potential for substantial growth and profitability. Operations personnel have been identified and negotiations have commenced with the key individuals. Further news releases will be issued as developments take place.
Real Time Measurements is a Canadian oil and gas technology development company that designs, builds and sells equipment and provides services to oil and gas companies in Canada and North Africa. The company uses innovative applications of recent technological developments to solve selected oil and gas upstream measurement problems in more efficient ways. The Company's primary business activity revolves around the commercial development of premium quality sensor-to-desktop data gathering systems, which are used primarily in oil, and gas wells.
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