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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 Mar 24, 2023 5:39pm
362 Views
Post# 35359633

W/O Upgrades

W/O UpgradesIt is nice to get a little more info about the work over. It looks like when they fished out the broken DTS they also removed some subsurface components. Upon inspection they decided to make some upgrades. Unfortunetly depending on weather and rig availability these upgrades and reinstallation will not be completed until Q2. Using past performance as a guide I suspect heating will not start until June.

On a positive point management sounds optimistic in the success of this pilot project. I suspect that optimism is being generated from known results along with positive input and feedback from the 3 oil sands partners. 
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