TSXV:WEE.H - Post by User
Post by
Lucy1on Feb 01, 2006 5:09pm
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Post# 10284651
Reaching new investors thru Stockwatch
Reaching new investors thru StockwatchNice promo blast through Stockwatch.
what a great day!
cheers,
Lucy.
WAVEFRONT COULD BE THE OIL RECOVERY STORY OF 2006
2,250% PRODUCTION INCREASE GAINED
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TSX-V: WEE
Pink Sheets: WEESF
https://www.onthewavefront.com
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Wavefront Energy and Environmental Services Inc., a provider and licensor of its proprietary DeepWaveSM Technology for improved oil recovery and groundwater remediation has reported extraordinary production gains in a recent well stimulation program.
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WHAT IS DEEPWAVESM
DeepWaveSM is an injection technology developed to increase ultimate oil recovery and expedited groundwater remediation. Since 1997 it has been positively validated in gas reservoirs, heavy oil reservoirs, light oil reservoirs, and in the groundwater remediation sector. The patented DeepWaveSM Technology is unparalleled in its applications and there is no industry comparable.
In a recent acid stimulation for a major oil producer in California, the DeepWaveSM process was utilized to achieve greater distribution and penetration of the injected liquid. Prior to the stimulation, the well was not economical. Following the DeepWaveSM stimulation, there was 2,250% improvement in production from the well, providing results beyond the operator’s expectations.
The result detailed above is one of hundreds of stimulations successfully performed by Wavefront and its licensed providers.
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WHY IS DEEPWAVESM RELEVANT?
An ever-increasing worldwide demand for oil versus decreasing production rates.
>60% of known oil remains trapped in the ground. New and proven technologies such as DeepWaveSM can be utilized to unlock these reserves.
Wavefront expects DeepWaveSM will result in increasing ultimate oil recovery by 10% or greater. This represents billions of barrels of oil worldwide.
Wavefront’s business model is to leverage its DeepWaveSM intellectual property base by acquiring assets with proved and probable reserves; farming-in or gaining working interest in production operations; supporting its licensing agreement with Halliburton in the energy sector, supporting its licensed agents in the environmental sector; and implementation with major oil producers in Canada and the United States.
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For further information please contact:
D. Brad Paterson, CFO
780-486-2222 x224 Tel
investor.info@onthewavefront.com