Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 energeeon Aug 21, 2022 6:53pm
160 Views
Post# 34910325

RE:Discrepancy in Oil Production (MOST Important!!!)

RE:Discrepancy in Oil Production (MOST Important!!!)
No discrepency that I can see.  They have not mentioned pilot well rates, just anticipated/forecast revenues during the pilot phase.

You are mixing apples and oranges. The website link you provided refers to the scalablity of the tech for future well pads, not the initial pilot well.

They mention in April that this initial well commenced producing oil in April "at rates consistent with the gradual ramp up of heating."  

See UPDATE April 28, 2022: Acceleware has successfully injected power into the transmission lines for thirty consecutive days, a significant milestone. The Company is also very pleased to announce that the Pilot commenced producing oil on April 6, 2022, at rates consistent with the gradual ramp up of heating.   
<< Previous
Bullboard Posts
Next >>