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Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s):  WFTSF

Energy Oil & Gas Equipment & Services
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

Wavefront Technology Solutions Inc
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Comment by stag15on May 03, 2014 1:26pm
247 Views
Post# 22521261

RE:RE:RE:Revenue growth! Even tho' Two major contracts delayed!

RE:RE:RE:Revenue growth! Even tho' Two major contracts delayed!
holler, I believe that the stim market is split with vortech tools in the US and odyssey tools in Canada and international. From the papers I have read, it appears that both tools are effective at stimulation, so it is up to the operator to determine preference. as for stim revenues, I think that wee is giving discounts to big customers which is good for the long term and would explain low revenues now. Once wee proves the process, then the contracts expand quickly, such as ecopetrol. I personally don't think drilling will be a quick growth avenue unless wee can sign licensing agreements. while you are right about current revenue and lack of financial data for a while, I think the story is going to be signing license agreements for 2014. We know that wee has worked with all the major service companies, how much would a license agreement with Weatherford international be worth?
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