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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 Whampoaon May 24, 2022 9:33pm
219 Views
Post# 34705309

Sorting out Saskatchewan's heavy oil producers

Sorting out Saskatchewan's heavy oil producers
Cenovus (Husky) 
Tenine (Private, CPP Canadian Pension Plan Inv
Baytex
Serafina Energy (Private, SAGD thermal)

These 4 squeezed out of a list from this article: 

Saskatchewan’s top 10 oil producers
 
January 11, 2021
The Canadian Press
 
 
Regina – Husky Energy, which was acquired by Cenovus Energy, had been Saskatchewan’s top oil producer for the first 11 months of 2020.
 
According to the Saskatchewan Ministry of Resources, from January to November, 2020, Husky produced 31.7 million barrels of oil. It has been the dominant player in northwest Saskatchewan. That will now revert to Cenovus, as of Jan. 1, when the deal closed.
 
Crescent Point Energy Corp. came in second, at 27.7 million barrels. Crescent Point is the leading player in southeast and southwest Saskatchewan, and an active driller in west central Saskatchewan.
 
Whitecap Resources Inc. was third at 15.8 million barrels. Whitecap is active in southeast and southwest Saskatchewan.
 
 
Teine Energy Ltd. came in fourth at 9.2 million barrels. Teine is the leading driller in west central Saskatchewan.
 
Baytex Energy Ltd. is also active in west central and northwest Saskatchewan. It came in fifth at 8.3 million barrels.
 
Serafina Energy Ltd.’s operations are centred in the Meota area, north of North Battleford. Despite being so tightly focused, they still came in at sixth with 6.1 million barrels.
 
Canadian Natural Resources Limited, one of Canada’s largest oil producers, is active in northwest and southeast Saskatchewan. It had 5.8 million barrels for seventh place, despite doing minimal drilling for the past several years.
 
Vermillion Energy Inc. has operations around the world. In Saskatchewan, their focus is in the southeast. They came in at eighth with 5.5 million barrels.
 
In recent days, Whitecap closed its acquisition of Torc Oil & Gas Ltd., as well as NAL Resources. Torc came in at 5.3 million barrels for ninth place, while NAL did not place. Both Torc and NAL had operations in southeast Saskatchewan.
 
In tenth spot, IPC Canada Ltd. produced 3.3 million barrels. They are active in northwest Saskatchewan.
 
_____________
 
By Brian Zinchuk, Local Journalism Initiative reporter, ESTEVAN MERCURY
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