TSXV:WEE.H - Post by User
Post by
everswannon Apr 08, 2010 1:04am
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Post# 16968414
Shell + WEE
Shell + WEE
https://www.onthewavefront.com/press_room.html
https://www.onthewavefront.com/Files/Press/2003/Shell%20Pulsing_Oct.%2016'03a.htm
Don't know what happen between Shell and WEE after 2003, but the test shows positive results in Heavy Oil Waterflooding.
https://www.shell.com/home/content/innovation/meeting_demand/eor/
https://www-static.shell.com/static/innovation/downloads/leading_on_innovation/article_willem_schulte.pdf
My personal guess as to who is the next big "new" customer is actually an "old" one
When I re-read this :
Diverse opportunities for both Powerwave and Primawave continue to unfold in Europe, including the North Sea region, South America, Australia, Asia Pacific and the Middle East. To prepare for the eventuality of contracts in these locations, Wavefront is in the process of appointing local representation and agents, as well as evaluating the establishment of regional infrastructure.
It makes me think of Shell.
I think WEE will cut a piece of the pie to Shell -"establish regional infrastructure".
I think in order to prepare for a hostile takeover, WEE might partner with SHELL is some shape or form.
Something very lucrative
4 salesmen isn't going to make WEE conquer the oil world.
Shell might be the "regional infrastructure" needed.
Anyway Shell is for sure another backer of WEE.
I think WEE might negociate regional exclusivity to SHELL and get some kind of escalating farm-in agreement with lock in base rental income.
ie a % for each oil dollar + basic rental income per powerwave.
A deal like that would be big very big SP will soar very high as WEE becomes a new leverage to oil, a new oil producer, a new breed.