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Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s):  WFTSF

Wavefront Technology Solutions Inc. is engaged in the advancement of dynamic fluid injection technology for oil and gas well stimulation and improved/enhanced oil (IOR/EOR) recovery. Through its Powerwave technology, it provides the oil and gas industry to place fluids into the reservoir. The dynamic action of Powerwave’s fluid pulses diverts injected fluids away from established flow paths, achieving better fluid distribution. Its patented Powerwave process is an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock. These materials are composed of a solid matrix and pore structure, which contain fluids such as oil and gas. The Primawave process is a method for aiding in-ground environmental remediation clean-up strategies in contaminated sites. Primawave provides the environmental sector with a solution for aiding in the clean-up of contaminated sites. It deals directly with exploration and production companies.


TSXV:WEE.H - Post by User

Comment by diogneeson Jul 12, 2010 12:00pm
332 Views
Post# 17262145

RE: RE: just got 50% intrest in greentree field

RE: RE: just got 50% intrest in greentree fieldIf Greentree gave up 1/2  (25%) of their interest because they could not pay the $116k in royalty thet should be a pretty telling indicator of just how productive the field is.
Noticed the WEE announcement did not start of with" Mngmnt is pleased to announce etc"  nor did they do any
huffing and puffing about how this deal would impact total revenues or earnings.
Looks like they really had very few if any options.
Let's hope it does not become a money pit

GLTA
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