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

Bullboard Posts

Post by pandaron Jul 31, 2014 11:48am

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Post# 22798739

Nervous Anticipation

Maybe why Wee is trading in the mid teens....

Anticipate ....toexpect;lookforwardto;besureof:

During the third fiscal quarter Wavefront announced that Schlumberger Romania was piloting Wavefront stimulation tools for use with Romgaz. Initial results have been very positive and the companyanticipates moving to a yearly rental agreement. -MD&A July 2013

Subsequent to fiscal 2013 year end Wavefront entered into a “Distribution Agreement” with an established service company in Saudi Arabia and the Company anticipates an immediate opportunity for well stimulations in that country. -MD&A December 2013

Third quarter revenues were affected by the client timing for the installation of international Powerwave mature field revitalization projects, which include: an approximate $1.25-million (U.S.) contract with Petrobras, an approximate $353,500 (U.S.) contract with Pan American Energy and an approximate $1,337,700 (U.S.) contract with Ecopetrol. It is anticipated that commencement of these international Powerwave mature field revitalization projects worth $2,941,200 (U.S.) in contracts will commence in late summer 2014. MD&A July 2014

Realize....tomakereal;giverealityto(ahope, plan,etc.).

- toconvertintocashormoney:torealizesecurities.