Wavefront Technology Solutions Inc V.WEE.H

2nd Quarter Results

[albertan32]

Financials and MDA on www.sedar.com

Excerpt from MDA:

To date, all Powerwave tool systems were designed to attach to the downhole end of the injection tubing at a perforated interval in the well, discharging fluid in a pattern of controlled pulses. This type of Powerwave configuration required the client to conduct a well workover where the injection tubing had to be removed from the well, the Powerwave tool fixed to the last string on injection tubing and the entire injection tubing re-installed. Depending on depth and time to complete this process the costs may run upwards of $50,000 in Western Canada and for offshore or very deep installations such as Alaska, significantly more. To address the issue of deployment costs during the reporting period the Corporation developed and tested in Rogers County a mechanical tool that could be deployed without having to pull the injection tubing. This new Powerwave tool is deployable by simply lowered through the tubing and landed at the end of the injection string using readily available oilfield equipment. Wireline is a widely used well intervention operation conducted with a braided cable. It is believed the wireline installation of the new wireline deployable tool will, in the predominant amount of cases, to be less than $5,000. This new Powerwave tool is also coil-tubing conveyable and will be cross marketed for oil and gas well stimulation (i.e. for acid placement) where the Corporation has experience numerous successes.


Of course the revenue figures could be better, but I wasn't excepting too much, still have to get the systems installed, all in all managment seems to be sticking to their plan and it is just going to require patience. When it does move it can move very fast, when is it going to move?? that is the million dollar question. My feeling is that trying to time it is useless, such as the saying "its not timing the market, its time in the market"

GoodLuck To ALL even those bashers because there going to need luck