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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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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Comment by galvanizedon Jan 12, 2012 1:38am
366 Views
Post# 19394952

RE: RE: RE: RE: Equipment under construction

RE: RE: RE: RE: Equipment under construction

That's right Mikhal. Thanks!.  The Equipment under construction number refers to the dollar value of the work in progress for tool construction.  So say, theoretically, a tool costs $6000 to build, and takes 1 month to construct.  In that case, if the work in progess is $372,000 then it may be reasonable to assume that they are building (372000/6000*3)=186 tools per quarter.  Of course I have no idea if that number is anywhere close to accurate, but I think it is reasonable to say there is some business going forward.

Also in that same note 4, they disclose that they wrote off 191,000 of obsolete tools last quarter.  I suspect these were all those tools they replaced free of charge last year with their improved design.  You might all want to keep this one time charge in mind while you read Miss Holler's recent moan about decliining profitabilty.

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