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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Post by albertan32on Jun 11, 2009 11:06am

284 Views

Post# 16061823

Intriguing Analysis, Comments?

Quotes from sedar.com

June 9, 2009 News Release

"Increased oil production attributed to Powerwave at three installations, operational since October, 2007 is 34,000 barrels."

Dec 1, 2008 News Release Stated:

"In the 12-month period ending October 2008, incremental oil production from the three Powerwave injection patterns totaled almost 14,500 barrels of oil."

My Math:

    A = Total Production to date from Oct 2007
    B = Total Production to Oct 2008
    C = Total Production FROM Oct 2008

So this should be the formula:

    A - B = C

    34 000 - 14 500 = C

therefore C = 19 500 bbl

So I'm no math genius and please correct me if I am wrong in my calculations but if there has been an increase of 19 500 bbl since Oct 2008 (representing 70 % of year production) would that not hypothetically equal an increase for a total year (Oct 2008 to Oct 2009) of 27 857 bbl.

I have emailed Brad and Wavefront regarding this, I have yet to receive a repsonse though.

GLTA,

Albertan32