Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

TSXV:AXE - Post by User

Acceleware Ltd > AXE RFXL Anticipated Production On First Well

<< Previous

Bullboard Posts

Next >>

Post by Aklavikon Feb 22, 2021 12:44am

329 Views

Post# 32623865

AXE RFXL Anticipated Production On First Well

FYI on debut of RFXL in commercial test application:

Axe owns all the production $ rights on this RFXL well test with exception 7.5% gross overriding royalty to Broadview Energy. This well is anticipated to operate at 20-60 m3/day (126-377 bbl/day), with the same royalty agreement on a second Broadview test within 5 years.

Forecasts at WCS Western Canadian USD select oil price:

126 bbl/day x $47 WCS x 30 day = $177,660 - 7.5% = $164,336/month USD

377 bbl/day x $47 WCS x 30 day = $531,570 - 7.5% = $491,702/month USD

This would be AXE gross $ oil income.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China