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.

TSXV:AXE - Post by User

Acceleware Ltd > Oil Volumes Estimate

<< Previous

Bullboard Posts

Next >>

Comment by energeeon Aug 21, 2022 8:02pm

169 Views

Post# 34910370

RE:RE:Oil Volumes Estimate

Further math correction. I incorrectly used net well volumes = net sales.

If they estimate C$2.5M net from oil sales (after assumed 20% royalty) over 5 producing months, the potential average gross well rate (over the pilot test) could be ~150 bopd, assuming production increasing as heating/mobility occurs. Would be great to see the AXE production model but that is likely held for their strat partners.

IMO only, do your own DD.

<< Previous

Bullboard Posts

Next >>

Fobi AI to sponsor Canadian equestrian Kassidy Keith