Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

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... see more

TSXV:AXE - Post Discussion

Acceleware Ltd > AXE Q & A and more
View:
Post by Aklavik on Feb 25, 2021 1:19pm

AXE Q & A and more

AXE 

Well data quoted in previous post is from the Alberta Energy Regulator application. 
Further summary:
-Single well lay out of two horizontal heating legs with one horizontal producing well. 
-Depth ~500m
-Horizontal Legs ~1100m
-Anticipated operating rate 20-60m3/day with maximum 100m3/day.
-42 month high to low pressure reservoir simulation. 
-Past area production providing known geology overview.
From AXE website, this lay out is economically smallest option ($20M capital). SAGD is not viable at this scale, but AXE is and opens a vast market:


 
 
From AXE May 20, 2020 news release: 
…”Broadview looks forward to working with Acceleware ….said John Festival, Broadview’s CEO. “Broadview is excited to have a front row seat at the Marwayne test site…Acceleware’s RF XL technology as one of the biggest potential game-changers in heavy oil and bitumen recovery since SAGD (steam assisted gravity drainage) was commercialized over 20 years ago.”…
About Broadview
Broadview Energy (BVE) is a private oil and gas company focused on the development of heavy oil assets in Alberta and Saskatchewan.  Through predecessor companies BlackRock Ventures, BlackCore Resources, BlackPearl Resources, Breaker Energy, and Renaissance Energy, Broadview’s principals have discovered, assessed, piloted, commercialized, acquired, and divested many heavy oil plays across Western Canada over the past +30 years.
 
 
 
From AXE June 30, 2020 news release:
…Acceleware ran preparatory tests…culminating in a full 500 kW of RF power successfully delivered to the field test antenna system. Acceleware believes the 500 kW test represents an unprecedented level of RF power for any field test of an RF heating system designed for heavy oil production…“This test is significant not only because it sets a new benchmark for the level of power delivered into the ground, but perhaps more so because it has validated that our end-to-end system can operate at full power…we have dramatically increased our confidence that the complete eight module converter will be able to deliver two MW of power, and that our transmission lines can more than handle that power, all at our desired efficiency.”…
 
From AXE website: JLG Tech Day – June 2019 Presentation:

 
The technology has been de-risked to a very low amount in my estimation. The adoption phase will be fast and robust.
This high efficiency RF technology may displace many lower efficiency legacy industrial and manufacturing RF use cases in food, plastics, agricultural, etc.
Comment by TheNextBigThing on Feb 27, 2021 11:26pm
I agree, AXE has performed many tests and simulations that have significantly derailed this technology IMO. It's not a guarantee that it will work and be economical, but this isn't something they drew up last year and decided to proceed with. This technology looks to have been tested in every way imaginable, and now we get to see this at commercial scale.  I was curious what RF ...more  
Comment by wealth2015 on Feb 28, 2021 9:17am
"...tests and simulations that have significantly derailed this technology.."  can you explain what do you think with that comment or it's typo
Comment by TheNextBigThing on Feb 28, 2021 9:33am
Late night typo. Should be derisked. Thanks for pointing that out. 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse