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 scissors14on Oct 06, 2010 5:36pm

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Post# 17537485

David Pescod's Late Edition

WAVEFRONT ENERGY (V-WEE) $1.23 -0.07
We have followed Wavefront regularly and found the
story quite rewarding...provided one sold a bunch when it
was higher.
They have the purported revolutionary technology that
will enable oil and gas producers to recover more from a
field, making potentially even old mature fields ripe for the
technology...or so their story goes. At this time we see a
company that loses money every quarter and is a long
way from targets of 150 tools in the ground. I realize one
should be flexible in this attitude...after all one big contract
out of the Mid-East alone could make a huge difference.
Still we worry about the money losing business and is
there even further dilution to stay afloat, and do they have
the right people to introduce the product, and when will
they have more oil guys on their board…etc.
In the last few days though, Keith Schaefer isn't worried
about our concerns as he issues a buy on the stock
in his Oil and Gas Investments newsletter and Jim Letourneau,
the geo-physicist and editor of The Big Picture
Speculator also weighed in on the buy side.