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Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s):  WFTSF

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

Post by AboveBoardon Jul 30, 2019 9:14pm
86 Views
Post# 29977406

Kuwait and KSA

Kuwait and KSAMore work being done in Kuwait?...9 months $985,043.

For the nine months ended May 31, 2019, revenues amounted to $2,669,961 an increase of $411,558 or 18.2% from the comparative reporting period revenues of $2,258,403. Of the revenues for the reporting quarter, $2,410,018 relates to Powerwave stimulations, with $1,942,499 of those revenues being derived from the Middle East, an increase of $566,933 or 41.2% over the comparative period. The Company continued to strongly focus business development efforts with its Distributors in the Middle East and for the nine months ended May 31, 2019 generated revenues of $985,043 in Kuwait, and $894,413 in the Kingdom of Saudi Arabia related to Powerwave stimulations.
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