Running Fox- More Progress: New Recycler Technology: Energy Media
Interest
RUNNING FOX RESOURCE CORP TSX-V "RUN" OTC "RFXRF" Frankfurt "C8Q"
Tuesday April 17, 2006
Running Fox- More Progress: New Recycler Technology: Energy Media
Interest
Trent Moore, VP, reports:
Further to Running Fox news announcing that Running Fox's Claymore
division has successfully designed and developed a new technology for
recycling expensive oil-based drilling fluids, the Company is pleased
to announce that the commercial-scale unit has been chosen by a new
media company, The Energy News.com for a news production while the
recycler was in use on a rig.
The unit, which is designed for both onshore and offshore drilling,
is the first commercial scale prototype known to exist anywhere in
the world and is patent pending.
The commercial-scale unit compliments conventional drilling rig
equipment to make drilling operations cost effective.
Go to www.theenergynews.com to see the news story located in the
Tuesday April 17 early Edition, the details on Running Fox start at
about 9 minutes into the news. Also located as Top Energy News, click
on the play button below the picture of the very photogenic news
anchorwoman.
The recycler was mounted within a Precision Drilling Rig system which
was drilling a well for Compton Petroleum. While this test was
brief, data from the test is assisting our development team to
improve the unit,which is environmentally friendly, reducing the
volumes of drilling fluids sent to landfills or disposal sites, and
reducing the costs associated with oilfield waste.
The application is designed to be suitable everywhere wells are
drilled for oil and natural gas using oil-based drill fluids.
Running Fox confirms that it intends to bring onstream further
broader applications of this technology and other innovative ideas
being planned and bench-scale tested.
Delay in Annual Financial Statements
Annual financial statements have been delayed due to an illness,
requiring hospitalization, of the Company's independent Auditor, who
is now completing the task of auditing a very active 2006 fiscal
period.
Running Fox is an energy sector Canadian small cap company with three
distinct divisions:
1. Energy Sector Field Services and Technology;
2. Oil and Natural Gas Exploration and Production; and
3. Uranium and Gold Mineral Projects.
First nine months consolidated revenues were $5.150 Million, with net
income prior to adjustments of $884,000. Visit www.foxgold.ca for
further information.
On behalf of the Board of Directors: Trent Moore, VP, Running Fox
Resource Corp.
403 742 0500 www.foxgold.ca
The Company relies on legislation applicable to forward looking
statements, and seeks safe harbour. The TSX-V has neither approved
nor disapproved of this news release.
