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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 L.A.on Nov 12, 2022 8:05pm
145 Views
Post# 35094239

RE:RE:Heating

RE:RE:HeatingBlitzed, I agree the time to produce oil is probably about 3-4 weeks.
I personally think they will not complete the work over until mid December or just before Xmas.
that woul put my timeline of producing oil around mid January.

Hind sight has given me a little more clarity on the work stoppage. After a bit of thought and common sense it appears to me that AXE had their hands tied financially. They probably couldn't do very much during the downtime because they ran out of money. It probably took a lot of their time working on raising money so they could proceed. Now that they have the money they can actually schedule a rig and buy the nessessary parts and equipment required to complete the work over.

I could be wrong on my timeline but remember this is AXE and everything takes a bit longer than we anticipate so if you are hoping for the work over to be completed at the end of the month I think you are setting yourself up for another disappointment.
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