Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

Acceleware Ltd. is a Canada-based company that develops clean-tech decarbonization technologies. The Company has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. It is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.

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Acceleware Ltd > Future oil sands

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Post by SprengoMon May 13, 2021 9:06am

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Post# 33190317

Future oil sands

Hi,

I'm doing DD on acceleware and I'm really liking the technology.
The big risk I see is more related to the economics of oil sand production.
It is known that these are one of the most costly to develop, which will remain even if RF XL can reduce the cost with 30% - based on this data (https://knoema.com/infographics/vyronoe/cost-of-oil-production-by-country).
So my question is, how big do you think that the addressable market is for RF XL?
Climate concerns and economics surely must impact willigness of oil companies to invest in these assets?
The big plus I see is that Canada may strategically need domestic oil production and so will keep investing in it.

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