Connect The Dots Do you think Brett went to the Middle East to only sign a single 'Powerwave Field Trial' in UAE while those around us are signing 'Billion Dollar Contracts'?
Dec 21 2020 -
Wavefront Signs Rental Agreement with Multinational Oilfield Service Co (Located In Weatherford TX)
Sept 1 2021 - Wavefront Technology Solutions Inc. (TSXV: WEE) (OTCQB: WFTSF) ("Wavefront" or the "Company"), a technology services provider offering the oil and gas industry proprietary, leading edge technology, is pleased to announce
in connection with the Company's December 21, 2020 news release, effective September 1, 2021, that it has entered into a global equipment rental agreement with a multi-national oilfield services company ("Distributor") for the global distribution of Wavefront's Powerwave® branded well stimulation technology. Powerwave® stimulations and initial work with the Distributor commenced in the Kingdom of Saudi Arabia during the Company's fiscal 2021 and based on well stimulation successes and the high interest levels of Powerwave® stimulations elsewhere, the Distributor and Wavefront entered the multi-year, global agreement. Founded in Weatherford, TX in 1941 the Distributor provides innovative solutions, technology, and services to the oil and gas industry in 90 countries.
(NOTE THE WORDING OF THIS RELEASE - GLOBAL EQUIPMENT RENTAL This means Powerwave tool will be in the hands of Watherford, world wide to be used as they please and NO WAVEFRONT employees are required. 90 countries and whenever that tool is picked up...WEE gets revenue )
Nov 03 2021 -
Wavefront Secures up to $12 Million Equity Facility with Alumina Partners
Standard operating is you need access to 30% operating funds (approx) to project value. Eg: It takes about $250 to $300/g's in cashflow to complete a $1 million dollar project. So If we do the math...Wavefront sees the need for a $12 million dollar LOC ..multiply that X 3 = $36 million in anticipated projects .
NOTE THE DATE - 2 WEEKS BEFORE WEATHERFORD ANNOUNCES 1 BILLION Nov 16 2021 -Weatherford Awarded Over $1 Billion in
Downhole Completion and Liner Hanger Contracts by
Abu Dhabi National Oil Company Nov 16 2021 - The
Abu Dhabi National Oil Company (ADNOC) announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as
it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the United Arab Emirates (UAE)
https://www.saudigulfprojects.com/2021/11/adnoc-awards-6billion-drilling-contracts/
Nov 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.
Dec 02 2021 - Weatherford International plc announced in a statement that it was awarded a three-year digital oilfield contract from one of the digital leaders in the upstream industry, Kuwait Oil Company (“KOC”)....The project scope will support KOC in performing heavy oil wells analysis, model tuning, well design, asset optimization, surveillance and forecasting, and integrating with different E&P applications. Weatherford will also deploy integrated planning and optimization solutions from the reservoir to export facilities at KOC’s corporate level.
https://www.saudigulfprojects.com/2021/12/weatherford-awarded-digital-oilfield-contract-in-kuwait/
There is somthing BIG coming...bigger than anything WEE has done before. This technology is no longer Black Box...its main stream now and when you see Weatherford sign a world wide 'Rental Agreement" prior to its own major announcements and WEE getting a $12 million dollar LOC...Do The Math, I have and I'm ready.
GLTA