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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

Comment by Whampoaon May 06, 2022 1:20am
169 Views
Post# 34661149

RE:Slide 3 AXE on 2019 Propel Energy Tech Forum

RE:Slide 3 AXE on 2019 Propel Energy Tech Forum

I interpret the simulation graph to

1. normalize what sized RF XL system might be needed to match a 250m3/day steam injected SAGD system. So its saying it would take a 3 MW  RF XL configuration.

2. RF XL was first to reach cumulative 1 million barrels of Bitumen and it took 475,000 GJ
while comparable SAGD reached only 726k barrels and used more than double the energy at 1,150,000 GJ.
  
3.  RF XL reached first oil within ~30 days while SAGD reached about the same m3 within 150 days. 

Therefore RF XL was quicker to reach first revenues, better project npv, irr.

4. The caption comes up with " RF XL produceds more barrels than SAGD with less than half the energy.

On another note, I image AXHeat v.1 was developed and calibrated to way smaller EM systems.
So now collecting actual data from 2MW Marwayne will set the stage for next gen AXHeat v.2-MW calibrated to newer EM sized Marwayne data. Looking for more AXHeat sales in future Quarters as a canarie for potential RF XL system sales.

I'll need a lot of patience, but I am also looking forward to another follow up "simulation graph" with Marwayne actual vs projected  vs equivalent SAGD.  Perhaps 500 , 1000, 2000 days ?!?
 

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