Investor Presentation – November 2, 2011

TSX-V: RLE

2

Forward Looking Statements

Certain information set forth in this presentation, including management's assessment of future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control. Those risks include, without limitation, the effect of general economic conditions, risks associated with the oil and gas industry and commercializing environmental technologies and services, loss of markets, industry conditions and competition, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the ability to access qualified personnel and field services, decisions by regulators and the ability to access sufficient capital from internal and external sources. Readers are cautioned not to place undue reliance on the forward-looking statements as the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and actual results, performance or achievements could materially differ from those expressed or implied in such forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by forward-looking statements will transpire or occur, or if any of them do so, what benefit Ridgeline Energy Services Inc. will derive therefrom.

3

Company Overview

Ridgeline is an energy services technology company focused on providing water treatment solutions to the oil and gas industry

• Has developed a commercially proven proprietary technology that efficiently treats contaminated water generated by oil and gas producers and commercial waste water

• Primarily targeting produce and frack flowback water, additional targets are the chemical flood, and oil sands water treatment markets.

• Solves client issues in sourcing water, storing water and dealing with waste water on site while cutting costs and dealing with environmental concerns

• Positioning to be the leading oil and gas industry water treatment company in North America as the need for water and environmental concerns grow

• Also has profitable Environmental and Greenfill divisions

Insider ownership (post water technology acquisition) - 55%

Institutional ownership approximately 15-20% - Including Stephens Investment Management, a long fund, based on fundamental research

Issued and Outstanding 61,452,837

Warrants 15,498,211 $ 6,749,307

Options 5,132,504 $ 1,478,837

Fully Diluted 82,083,552

Water Technology Acquisition 34,581,743

Total 116,665,295 $ 8,228,144

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• The North American oil and gas industry is seeing an increasing use of water-intensive production methods to extract reserves

• Shale Oil & Natural Gas Fracturing Fracking involves stimulating a well bore using high pressure water laced with highly

corrosive salts, carcinogens and radioactive elements

If not managed or treated appropriately, the produced water can end up in surface or groundwater systems and contaminate land, drinking water and waterways

The cost of water to frac wells has put pressure on the industry to find a solution so that the water can be re-used for multiple frac stages

Water related costs to the producer include purchasing and hauling freshwater, hauling process water to disposal wells, and disposal fees

• Oil Sands Through SAGD extraction, water creates steam used to heat raw, thick bitumen for

extraction and processing

For every barrel of bitumen, between two and four barrels of fresh water are required to extract the bitumen from the sand

Creates huge, long life (30-40 year) toxic tailings ponds estimated to contain over

1 trillion m3 of toxic liquids

Industry to meet new environmental standards and directives

Industry Demand

5

Frac Market Opportunity

Fracking and Produced Water Market

• The oil industry produces 2.5 times more water than oil

• By 2025 it will be producing 5 times more water than oil

• Handling produced water is a tremendous growth market but the real opportunity is in treatment

• Recycling produced water turns a waste into a valuable asset

• In 2007 the oil and gas industry in the United States used approximately 21 billion barrels of water to frack oil and gas wells of which 97% is related to onshore production (1)

(1) Clark, C.E., and J.A. Veil, 2009, Produced Water Volumes and Management Practices in the United States, ANL/EVS/R-09/1

*Source: EIA, Richard Newell (Lipman Consulting)

US Shale Gas Production

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

TCF

Eagle Ford

Marcellus

Haynesville

Woodford

Fayetteville

Barnett

Antrim

• Produced water is the largest volume waste stream in oil and gas production

• USA produced water

21 Billion bbl /yr

Approximately 57 million bbl /day or

333 million m3/year or 913,000 m3/day (1)

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Chemical Flood and Oil Sands Market Opportunity

Oil Sands Market

• According to company submissions, volume of FFT/MFT* will grow 30% from 843 million m3 in 2010 to over 1.1 billion m3 in 2020. By 2065, the volume of tailings will still be over 1.1 billion

• SAGD and Chemical Floods use millions of cubic meters of water per year that can be re-used and recycled

* refers to volumes stored in ponds

Mature Fine Tailings Volumes

Source: AltaCorp Capital –Company Reports, CAPP, AltaCorp Estimates Source: ERCB

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Economic Opportunity

Ridgeline owns and operates the treatment assets • Volume-based treatment fees provide recurring revenue

streams.

• Fees to be determined by water quality, volumes, and the water product as determined by the client.

Produce and Frack Flowback Water • Ridgeline feels it can capture a significant portion of the

produce and frack flowback water market within three to four years

Chemical Flood and Oil Sands – Mining and SAGD • Chemical flood to improve oil recovery has the potential for

significant water treatment volumes.

• Significant opportunity to recover hydrocarbons in tailings to markedly offset treatment costs

2000M3/DAY CORE UNIT

Annual volume M3/year 700,000

Revenue 3,180,799$

$/m3 4.54$

Costs (1,296,959)$

Earnings before tax 1,883,845$

Depreciation (5 years) (401,996)$

EBIT 1,481,848$

Alberta Tax Rate 26.5% (392,689)$

Earnings after tax 1,089,160$

Depreciation (5 years) 401,996$

After tax Cash flow 1,491,156$

Capital Cost (2,009,982)$

Payback (Years) 1.3

Internal Rate of return (5 years) 69%

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The Technology

• Developed by Dennis Danzik the inventor of the proprietary electro-catalytic process effectively treats large quantities and multiple types of oil and gas exploration and production wastewater

• “Cracks” water at a sub-molecular level allowing “targeting” of reagents and mechanical processes to reduce suspended and dissolved solids, chlorides, dissolved gases, and other harmful contaminates

• Benefits include very low energy consumption, high continuous flow rates, and can extract usable hydrocarbons

Barrels of test water Reactor at start

(100% process value) Reaction to completion

(97% reusable) Extracted hydrocarbon

(3%)

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Competing Technologies

Weak Excellent

Vapex

Evaporation/ Distillation

Energy

Consumption

Solids

Disposal

Fuel

Recovery Treatment

Costs

Capital

Costs

Modular

Process

Continuous

Process

Productivity Cost Efficiency Process

Electro-Coagulation

Cavitation

TDS Removal

Chlorides Removal

Reverse Osmosis

Heavy Metals Removal

Effectiveness

Ridgeline Electro-Catalytic

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Energy Consumption

Energy Gallons Barrels m3 Cost Per Cost Per Cost Per

Cost (Daily) Produced Produced Produced Gallon Barrel m3

Electrocatalytic 120 2,880 $202 500,000 11,905 1,894 $0.000 $0.02 $0.11

Electrocoagulation 3,225 77,400 $5,418 500,000 11,905 1,894 $0.011 $0.46 $2.86

Evaporation 2,423 58,152 $4,071 500,000 11,905 1,894 $0.008 $0.34 $2.15

kW Per

Hour kW Per Day

120

3,225

2,423

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Electrocatalytic Electrocoagulation Evaporation

Tota

l D

aily

En

erg

y C

on

sum

pti

on

(kW

pe

r H

ou

r)

$0.00 $0.01 $0.01$0.02

$0.46 $0.34

$0.11

$2.86

$2.15

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

Electrocatalytic Electrocoagulation Evaporation

Co

st o

f En

erg

y

Cost Per Gallon Cost Per Barrel Cost Per m3

Cost of Energy Consumed kW Consumption per Hour

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Leonard Shale, New Mexico Analytical Results

0

1000

2000

TSS

Ave

rage

Re

sult

s (m

g/L)

Average TSS Reduction

Average Baseline Average Endpoint

0

50000

100000

150000

200000

TDS TSS Chloride Barium

Ave

rage

Re

sult

s (m

g/L)

Parameters

Average Reduction

Average Baseline Average Endpoint

0

0.2

0.4

Barium

Ave

rage

Re

sult

s (m

g/L)

Average Barium Reduction

Average Baseline Average Endpoint

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Commercial Development

Commercial installations in and under construction

1. Gas shale produce and frack water treatment, Horn River Shale, B.C.

1) Oil shale produce and frack water treatment, Leonard Shale, New Mexico and Texas

2) Polymer flood enhanced recovery crude oil process water treatment, Brintnell oil field, northern Alberta

Development agreements

1) Chemical flood, produce and frack water treatment oil shale Waskada area of southwestern Manitoba

2) Commercial/industrial waste water treatment, Los Angeles CA.

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Mobile Development Lab

• Waste water and material evaluation unit that is transportable to site

• Scientifically characterizes a wide variety of water sources for treatment, reuse, and recycling, as well as enhanced hydrocarbon recovery; develops water treatments that meet customer needs

• Water treatment capability and quality can be determined during real-time operations

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Milestones

Development of Technology

Independent Laboratory Verification

Built first Mobile Development Laboratory

Successful Trials Completed

Announces Acquisition of IP from Danzik Hydrological

Signed agreement to install MDL Los Angeles, CA

January 2010

Commercial Install for Production Water units Texas

Fracking Oil Sands Industrial

2005- 2009 October 2010 April 2011 June 2011 June 2010

Development agreement to install system in Waskada Manitoba

Install first commercial installation in Texas

September 2011 September 2011 October 2011 December 2011

Commissioning of first Commercial system in Horn River

September 2011

Install first commercial installation for polymer flood recovery

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Targeted Customers

Conventional & Unconventional Oil & Gas Companies

Oil Sands Companies

Ridgeline has done work for over 40 oil and gas companies

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Ridgeline Environment

• Offers complete environmental solutions for oil and natural gas producers:

Site assessments (Phase I/II/III, EIA, water/wetland/biological, soils, etc.)

Implementation & project management of site remediation / reclamation programs

Services a range of upstream, mid-stream, & downstream producers

• 90 employees – deployed with approximately 40 current clients

• Provides $11+ million annual revenue run rate with 30% - 40% gross margins

• Business continues expansion – year over year

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Ridgeline Greenfill

• Solution for O&G customers to transform contaminated soil into safe landfill cover

Existing landfills are ideal disposal sites for non-hazardous oilfield waste treatment hydrology, soil type, gradient)

Bacteria and microorganisms break down hydrocarbons into CO2 and water

Bioremediation and mechanical treatment takes place within bio-cells

After treatment, these soils meet unconditional land usage criteria

• Approximately 70,000+ O&G sites in Alberta in need of treatment

• O&G producers benefit from lower transportation costs & reduction of liability

Conventional methods involve storing at approved Class 2 landfills with expensive trucking/disposal costs, and retention of liability by producer

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Management Team

Tony Ker, CEO & Director – Over 25 years of experience building & operating companies in natural resources & manufacturing sectors in N.A. Leading and developing management teams that support growth and continuity in the organization. Back ground in Forest Products, Manufacturing, Printing, start up of Junior resource companies, experience at dealing in an international environment.

Dennis M. Danzik, Business Development / Commercial Installations – Mr. Danzik is an engineer by profession and the Inventor of the water treatment and distributed energy technology. Dennis is a noted and published expert in polyolefin design and application. Has twenty eight years experience in Scientific Investigation, Financial and Technical Presentations. U.S. Defense contractor (retired). Mr. Danzik has twenty six years of patent experience, with U.S. and foreign patents issued. MIT Alumni [Sloan] and Member MIT Product Development Group.

Tyler Heathcote, President, Director – Oversees all business units of RLE, including Ridgeline Environment Inc., Ridgeline Water Inc., and Ridgeline GreenFill Inc. Owned and operated companies in the energy services sector for over 20 years.

James Yeager, Chief Financial Officer – Mr. Yeager brings over 30 year’s experience in senior management positions in finance and accounting with both public and private companies. Mr. Yeager has held the position of CFO in multiple publicly listed companies managing yearly revenues into the hundred's of millions. His experience with rapidly growing companies is well suited to manage the expected growth in all of Ridgelines business divisions.

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Board of Directors

Douglas Johnson, Chairman – Over 30 years of experience in the financing of public & private companies. Since 1982, Mr. Johnson has been President and Chief Executive Officer of Canfund Ventures Corp.

Brian Straub, Director – Recently retired as President, Shell Canada Limited and Canada Country Chair, Royal Dutch Shell. Over 32 years of diverse Canadian and global oil & gas experience, his previous executive responsibilities have included oil sands, exploration & production, major construction and technology development/application.

Kelly Sledz, Director – Chartered accountant with a background in the oil & gas industry. Past positions include acting as an auditor for KPMG and Deloite Touche before acting as Controller, and VP of Finance for public oil and gas exploration companies. Mr. Sledz brings a unique blend of public company experience, oil & gas industry knowledge, and financial acumen to the company.

Robert Raymond, Director – Over 25 years of business and management experience. Extensive experience building business units, intricate knowledge of the insurance business and negotiations.

Tony Ker, Director – See Management

Tyler Heathcote, Director – See Management

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Investment Highlights

Established energy services business with tier 1 customer base serving oil and gas industry—provides stable revenue and cash flow to fund growth initiatives

Large and growing market in Oil and Gas and Industrial waste water treatments

Disruptive technology to cost effectively treat large volumes of wastewater (including frac and process water) from the oil and gas industry

Water management system that solves waste water problems in an expanding and vital marketplace

Renewable Energy technology not yet in forecasts

Profitable with solid balance sheet and clean capital structure

Thank You. Ridgeline Energy Services Inc.

Company Contact: Investor Relations: Ridgeline Energy Services, Inc. Crescendo Communications, LLC Ryan Johnson David Waldman, Klea Theoharis Corporate Development Tel: (604) 566-8066 ext 2 Tel: (212) 671-1020 Email: rjohnson@ridgelinecanada.com Email: rle@crescendo-ir.com