Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

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Acceleware Ltd > Axe Gross oil revenues

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Post by JeffreySon May 13, 2022 3:33pm

174 Views

Post# 34682702

Axe Gross oil revenues

To All:

Assuming Axe's Marwayne project produces 1,000 BOE per day. Assuming $100 per barrel. Gross is 365,000 barrels for the year at $100 per barrel or $36,500,000 per year. Minus the 7.5% Royalty to the landowner. That means Axe will gross $33,762,500 per year.

Anyone have any thoughts on Axe Market Valuation at that type of run rate?

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