BlueFire Equipment Corporation in Talks with Oil Major

BlueFire Equipment Corporation (OTCQB: BLFR) announced today that it has been in discussions with an oil major to develop technology that may prove essential for producing oil from offshore wells under extremely high heat and pressure.

According to energy consulting company Wood Mackenzie, deepwater drilling returned to its pre-spill level last year and should experience “bullish growth” in the coming year. The Future of Global Deepwater Markets study indicates capital investment is expected to grow from US$43 billion in 2012 to US$114 billion in 2022 challenging the industry to keep up with this unprecedented growth.

Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, “BlueFire’s research and development team is thrilled to have an opportunity to propose solutions to challenges in the multi-billion dollar deepwater oil and gas industry.” He added, “Just as our proprietary polycrystalline diamond cutter (PDC) drill bit has shown the potential to save drillers and operators substantial time and money, we are expecting another successful technology to emerge through this project.”

As previously announced, BlueFire’s proprietary PDC drill bit may provide much faster and longer drilling, without the need to stop and pull the entire drill pipe out of the well to replace a spent bit. According to company findings, some wells can be drilled using a BlueFire bit without a single bit change.

Details about BlueFire Equipment Corporation and information about obtaining a quote are available at www.BlueFireEquipment.com.

About BlueFire Equipment Corporation (BLFR)

BlueFire Equipment Corporation designs and manufactures proprietary drilling technologies for use in the exploration and production of oil and gas in the United States. It sells and leases various sizes of polycrystalline diamond cutter (PDC) drill bits to drilling contractors and oil and gas companies. BlueFire Equipment Corporation was founded in 2008 and is headquartered in Houston, Texas, where other major exploration and production companies have a presence.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

BlueFire Equipment (PK) (USOTC:BLFR)
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