EX-99.1
2
ex99-1.htm
EXHIBIT 99.1
For Immediate Release
NEWS RELEASE
Contact:
Alexander Nickolatos, CFO
anickolatos@ecostim-es.com
281-531-7200
Eco-Stim
Energy Solutions completes lease financing for Argentina oil field equipment package
HOUSTON, TEXAS -January 6, 2014
- Eco-Stim Energy
Solutions, Inc. ("EcoStim") announced today that it has completed the lease financing for the package of oilfield completion
equipment that will be exported to Argentina. This equipment consists primarily of a coiled tubing unit and various pieces of complementary
equipment. In this transaction, EcoStim has sold the equipment package to a third party leasing company controlled by two of the
Company's Directors for $3.5 million. Simultaneously, the equipment package was leased back to an affiliate of the Company
for a 60-month period beginning in February 2014. The lease financing transaction closed on December 30, 2013.
EcoStim's President and CEO Chris Boswell stated, "This
financing was completed under competitive market terms and conditions and provides working capital to support operational start
up costs while minimizing dilution to existing shareholders. We are working on the acquisition of additional equipment, both locally
in Argentina and in the North American market, to further support our growing business in Argentina and the world class Vaca Muerta
shale play".
About the Company
Eco-Stim Energy Solutions is
an environmentally-focused oilfield service and technology company providing proprietary field management technologies and
well stimulation and completion services to oil and gas producers drilling in the rapidly expanding international
unconventional shale market. EcoStim's proprietary methodology and technology offers the potential to decrease the
number of stages stimulated in shale plays through a unique process that predicts high probability production zones while
confirming those production zones using the latest generation down-hole diagnostic tools. In addition, EcoStim offers its
clients completion techniques that can dramatically reduce horsepower requirements, emissions, surface footprint and water
usage. EcoStim seeks to deliver well completion services with better technology, better ecology and significantly improved
economics for unconventional oil and gas producers worldwide.
Forward-Looking Statements:
The foregoing contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than
statements of historical facts, included in this press release that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on
certain assumptions made by the Company based on management's experience, expectations and perception of historical trends,
current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are
not guarantees of performance. Although the Company believes the expectations reflected in its forward-looking statements are reasonable
and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations
will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially
from those implied or expressed by the forward-looking statements. These include the factors discussed or referenced in the "Risk
Factors" section of the Company's 8-K filed with the Securities and Exchange Commission on December 17, 2013 and risks
relating to expected continued development of fracturing operations and unconventional activity in Argentina, expected financial
results for past and future periods; the
2930 W. Sam Houston Pkwy N. ● Suite 275 ● Houston, Texas 77043 ● Tel: 281-531-7200 ● Fax: 281-531-7297
effects of government regulation, permitting and other legal requirements,
including new legislation or regulation of hydraulic fracturing; drilling and operating risks; the adequacy of our capital resources
and liquidity including, but not limited to; difficult and adverse conditions in the domestic and global capital and credit markets;
risks related to the concentration of our operations in the South America; shortages of oilfield and frac service equipment, services
and qualified personnel and increases in costs for such equipment, services and personnel; uncertainties about our ability to successfully
execute our business and financial plans and strategies; general economic and business conditions, either internationally or domestically
or in the jurisdictions in which we operate; competition in the oil and natural gas industry; uncertainty concerning our assumed
or possible future results of operations; our existing indebtedness; and other important factors that could cause actual results
to differ materially from those projected.
Any forward-looking statement speaks only as of the date on which
such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as
a result of new information, future events or otherwise, except as required by applicable law.
2930 W. Sam Houston Pkwy N. ● Suite 275 ● Houston, Texas 77043 ● Tel: 281-531-7200 ● Fax: 281-531-7297

EX - 99 . 1 2 ex99 - 1 . htm EXHIBIT 99 . 1 For Immediate Release NEWS RELEASE Contact : Alexander Nickolatos , CFO anickolatos@ecostim-es.com 281 - 531 - 7200 Eco - Stim Energy Solutions completes lease financing for Argentina oil field equipment package HOUSTON , TEXAS - January 6 , 2014 - Eco - Stim Energy Solutions , Inc . ( " EcoStim " ) announced today that it has completed the lease financing for the package of oilfield completion equipment that will be exported to Argentina . This equipment consists primarily of a coiled tubing unit and various pieces of complementary equipment . In this transaction , EcoStim has sold the equipment package to a third party leasing company controlled by two of the Company 's Directors for $ 3.5 million . Simultaneously , the equipment package was leased back to an affiliate of the Company for a 60 - month period beginning in February 2014 . The lease financing transaction closed on December 30 , 2013 . EcoStim 's President and CEO Chris Boswell stated , " This financing was completed under competitive market terms and conditions and provides working capital to support operational start up costs while minimizing dilution to existing shareholders . We are working on the acquisition of additional equipment , both locally in Argentina and in the North American market , to further support our growing business in Argentina and the world class Vaca Muerta shale play " . About the Company Eco - Stim Energy Solutions is an environmentally - focused oilfield service and technology company providing proprietary field management technologies and well stimulation and completion services to oil and gas producers drilling in the rapidly expanding international unconventional shale market . EcoStim 's proprietary methodology and technology offers the potential to decrease the number of stages stimulated in shale plays through a unique process that predicts high probability production zones while confirming those production zones using the latest generation down - hole diagnostic tools . In addition , EcoStim offers its clients completion techniques that can dramatically reduce horsepower requirements , emissions , surface footprint and water usage . EcoStim seeks to deliver well completion services with better technology , better ecology and significantly improved economics for unconventional oil and gas producers worldwide . Forward - Looking Statements : The foregoing contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 . All statements , other than statements of historical facts , included in this press release that address activities , events or developments that the Company expects , believes or anticipates will or may occur in the future are forward - looking statements . These statements are based on certain assumptions made by the Company based on management 's experience , expectations and perception of historical trends , current conditions , anticipated future developments and other factors believed to be appropriate . Forward - looking statements are not guarantees of performance . Although the Company believes the expectations reflected in its forward - looking statements are reasonable and are based on reasonable assumptions , no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved ( in full or at all ) or will prove to have been correct . Moreover , such statements are subject to a number of assumptions , risks and uncertainties , many of which are beyond the control of the Company , which may cause actual results to differ materially from those implied or expressed by the forward - looking statements . These include the factors discussed or referenced in the " Risk Factors " section of the Company 's 8 - K filed with the Securities and Exchange Commission on December 17 , 2013 and risks relating to expected continued development of fracturing operations and unconventional activity in Argentina , expected financial results for past and future periods ; the 2930 W. Sam Houston Pkwy N . ● Suite 275 ● Houston , Texas 77043 ● Tel : 281 - 531 - 7200 ● Fax : 281 - 531 - 7297 effects of government regulation , permitting and other legal requirements , including new legislation or regulation of hydraulic fracturing ; drilling and operating risks ; the adequacy of our capital resources and liquidity including , but not limited to ; difficult and adverse conditions in the domestic and global capital and credit markets ; risks related to the concentration of our operations in the South America ; shortages of oilfield and frac service equipment , services and qualified personnel and increases in costs for such equipment , services and personnel ; uncertainties about our ability to successfully execute our business and financial plans and strategies ; general economic and business conditions , either internationally or domestically or in the jurisdictions in which we operate ; competition in the oil and natural gas industry ; uncertainty concerning our assumed or possible future results of operations ; our existing indebtedness ; and other important factors that could cause actual results to differ materially from those projected . Any forward - looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward - looking statement , whether as a result of new information , future events or otherwise , except as required by applicable law . 2930 W. Sam Houston Pkwy N . ● Suite 275 ● Houston , Texas 77043 ● Tel : 281 - 531 - 7200 ● Fax : 281 - 531 - 7297