TSXV:WEE.H - Post by User
Comment by
BenVest99on Nov 03, 2009 11:00pm
225 Views
Post# 16450419
RE: RE: Excellent Summary!
RE: RE: Excellent Summary!"#3 .....it's in no one's best interest to 'minimize drilling'......a more valid statement might be WEE will increase oil operators' bottom line to provide more cash flow to support MORE drilling & expansion of potential assets.
#4......for the most part, what's injected is 'produced water' in the first place....water that came from a producing well....."
#3: I think they meant "minimize the drilling required to extract the recoverable oil in a given field". They promote this as minimizing the environmental footprint, but it also represents interesting savings for the oil co.
#4 is also related to environmental issues. It is the first time I notice they promote the environmental benefits of PowerWave. Must be a marketing strategy so that the companies signing contracts for Powerwave can claim that they are green oil producers. The biggest advantage of Powerwave is evidently the increase oil production, but it doesn't hurt if they add environmental benefits on top of that.
GLTA