TSXV:WEE.H - Post by User
Post by
Everswanon Mar 01, 2010 11:39pm
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Post# 16832018
PEMEX, WEE, PRAXAIR - Nitrogen
PEMEX, WEE, PRAXAIR - Nitrogen
The reason why WEE press releases talk about "simulation" vs. "waterflooing" in the Pemex deal is simple.
Pemex is using Nitrogen injection instead of CO2
and the Nitrogne supplier is Praxair
https://online.wsj.com/article/BT-CO-20100215-705645.html?mod=WSJ_latestheadlines
Now read this:
https://www.onthewavefront.com/Files/Press/2010/2009-12-15_Pemex%20Well%20Stimulation.html
As you can see it will be the first time ever that Powerwave will be proovind to work with Nitrogen.
Tiertiary recovery is now an new market as soon as those 13 well simulations are completed.
1 out 13 is already confirmed successful.
Every well drills in an attempt to stimulated older well will be a net 4000$ per day cahs cow for WEE.
36 powerwave waterflooding systems are now installed. They too will bring massive amount of cash to WEE.