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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

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.


TSXV:AXE - Post by User

Post by Aklavikon May 12, 2022 11:41pm
219 Views
Post# 34680295

AXE Equipment

AXE Equipment

The Alberta Energy Regulator application called for up to three 1000 bbl production tanks per well-this is line with last company statement indicating production is consistent with ramp up of heating. 

The application also requested a 5 year confidentiality period on technical information and data to develop, patent, and protect competitive advantage. This may limit more immediate, detailed information some may expect, but the company also stated milestones will be announced. The expected performance is high efficiencies within the corresponding modelling simulations already in the public domain, so not a secret. 

Geoff mentioned in prior interview the expectation is our oilsand partners would likely be first adopters of RFXL-logical and looking forward. 

Key insiders demonstrated immense confidence announcing a buy into the PP Denbenture Offering before the power switch was even turned on.

All good from my perspective. 

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