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 Outlet_Beachon Dec 07, 2014 6:14pm

173 Views

Post# 23204491

RE:RE:RE:RE:Sub-$50 oil hits the US

As of the spring, WEE had $6+ million in International orders. Some of those orders were not installed until late summer. Then after about six months, they can see the results.

At this point, WEE can only conclude that International EOR is growing.

If powerwave were standard equipment, then oil companies would be very upset if it was not installed.

Presumably, Powerwave will keep growing because the value of the oil recovered greatly exceeds the cost of the tool.

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