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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 michaelandrewon Oct 15, 2021 7:00am
221 Views
Post# 34008260

Price move to 5$

Price move to 5$

Having been a shareholder for over ten years I expect that at least two consecutive quarters of more than two million dollars will be required to warrant 
a share price of 5$ or more. News May firm the price but two frequently the clients have been slow to advance the projects thus revenue hasn't been recognized as soon as we have expected. Petrobas is a historical example from the past that took years to complete their WEE announced project. 

I do believe that now the oil companies are being encouraged to return money to shareholders we will see earlier activity. It appears that incremental revenue by Stims with WEE process in excess of the cost will be a much greater percentage than that of new wells being drilled.
This additional revenue at low up front cost should enable oil companies to meet their objectives of improving cash flows to return to shareholders.
 

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