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

Wavefront Technology Solutions Inc > Powerwave Technology Set for Implementation in the UAE

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Comment by gojotv!on Nov 30, 2021 5:47pm

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Post# 34182502

RE:Powerwave Technology Set for Implementation in the UAE

Hoo, hoo, today's sellers will be sad to read this!
Somebody hoped to shake diamond hands today by tossing a few shares into the bid...
But continued good news makes tomorrow another day.
Cheers, longs!

Betteryear2 wrote:
Edmonton, Alberta--(Newsfile Corp. - November 30, 2021) - Wavefront Technology Solutions Inc. (TSXV: WEE) (OTCQB: WFTSF) ("Wavefront" or the "Company"), a technology service provider offering the oil and gas industry revolutionary technology that optimizes oil and gas recovery while minimizing the environmental impact of operations is pleased to announce that the Company, in conjunction with its local distributor, will commence a field trial of Wavefront's Powerwave technology in the United Arab Emirates ("UAE").

The client, a National Oil Company ("NOC") and its subsidiaries cannot be named due to confidentiality provisions. Revenues from this initial field trial will be recognized over the time-period the stimulation or individual performance obligation(s) occur.

The procedures for this initial well stimulation with the NOC were developed utilizing the Company's proprietary, dynamic well stimulation platform. The proprietary platform models fluid placement associated with Powerwave at discrete points in the well completion and provides a precise execution program for coiled tubing operators to follow.

"Wavefront has worked at length to secure Powerwave-related stimulations with the NOC and we are very optimistic of success in a challenging reservoir environment," said Wavefront President and CEO, Brett Davidson. "The NOC's decision to chose Powerwave over other stimulations methods for this well was strongly based on the impressive track record Powerwave has generated globally and more specifically in the Middle East. We look forward to servicing the NOC long into the future."

https://www.newsfilecorp.com/release/105979