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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
Bullboard Posts
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Comment by Weebleon May 04, 2017 9:42pm
173 Views
Post# 26206596

RE:RE:RE:RE:RE:RE:RE:RE:RE:Profit

RE:RE:RE:RE:RE:RE:RE:RE:RE:ProfitI know of several companies who went to water flooding the last few years rather than drill new wells.   They wanted to increase production in existing wells with the least amount of cost.    If the oil price wasn't so low, they probably wouldn't have gone to waterflood.  This should be a perfect fit for Wavefront.   I really don't get it....the company uses the low oil price as an excuse?  Give me a break, the low oil price shouldn't have anything to do with it.   If anything, the low oil price should be a selling point.

I wonder how many companies have even heard of the technology.   When was the last time Wavefront went to a trade show?  Look at their website and the events calendar comes up blank.  When was the last time there was an article in a trade magazine?  If you go to press coverage on the website, the last entry was from 2013.  Our revenues after all these years amount to the cost of a new truck but if you go to the news releases, the management keeps giving themselves incentive stock options.   The board of directors and management should be ashamed of themselves.   

It is always "just wait until the next quarter".   As far as I am concerned, if the new stuff in the Middle East doesn't work out, the management needs to go....

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