TSXV:WEE.H - Post by User
Post by
AtlanticWaveson Jun 05, 2009 8:06am
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Post# 16046179
Two Edged Sword
Two Edged SwordEdge A: Powerwave gets more of that $70 oil out of the ground
Edge B: Companies don't want the down time to install because there is $70 oil coming out of the ground.
"Increases in consulting expense relate to using external resources to develop a new wireline deployable Powerwave tool. This new Powerwave tool is deployed in a well by simply lowering it through the injection tubing and securing it to the end of the tubing using readily available oilfield equipment thereby reducing installation cost, which should reduce barriers to the adaptation of Powerwave.
Additionally, during the quarter the Corporation completed the development of a new Primawave tool. The new Primawave tool is a rotary, surface-mounted tool that permits the Corporation to market across the entire remedial injection spectrum. Manufacturing costs of the new Powerwave and Primawave tools are expected to be lower than the current proven and established versions. Both new tools have been successfully field-deployed."
I say install now so you can get MORE $90 oil out of the ground in 6 months people!