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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

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

Post by JeffreySon Mar 22, 2022 10:20pm
234 Views
Post# 34536473

$10.8 billion in immediate revenue contracts to Acceleware

$10.8 billion in immediate revenue contracts to Acceleware 
 
 
To All:
 
Here is another example of additional production for Cenovus and Suncor which could be using RF XL technology to produce oil soon. Please note the article mentions demand for an additional 600,000 barrels a day created by the new pipeline. That comes to 219 million barrels a year.

https://www.bloomberg.com/news/features/2022-03-18/indigenous-groups-vying-to-buy-canadian-oil-pipeline

Per the Acceleware website: https://www.acceleware.com/technology/bite-sized-capabilities.html and    https://www.acceleware.com/technology/lowest-cost.html

Per Acceleware each barrel per oil flowing per day would cost $18,000 to produce a long term flow. I assume that means that the flow is expected to continue for a period of 10 to 40 years.
The contract size to produce 10,000 barrels a day using Acceleware technology is $180 million. 100,000 barrels a day would cost $1.8 billion and 600,000 barrels a day would be a contract for a whopping $10.8 billion in revenues to Acceleware.
 
That would be the amount to fill the flow capacity of this pipeline as described in the article below. The pipeline biggest sources of production would come from Cenovus and Suncor according to the article.
 
 

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