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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 L.A.on Nov 12, 2022 10:28am
288 Views
Post# 35093563

Heating

Heating

Looking back on the PP there were a lot of people that had to sell stock in order to buy stock in the placement.

Now that AXE has the money they can get a rig on site to complete all the work that they want to do which if I have read all the NR correctly that means removing the heating probe to inspect it, changing the DTS sensor and firing it all up. Not a quick process, I suspect it will take a few weeks before they can start heating. 

The reservoir has cooled down so it will probably take a month to get it heated again. Just a guess but I think they will be producing oil again around the middle of January.
Not sure how many months they need to complete the test, hopefully it will be completed at the end of February 

These timelines are just me spitballing, if anyone has more or better info to add clarity on the timelines please respond.

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