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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 blitzer2on Jul 12, 2023 7:09pm
179 Views
Post# 35538340

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Another Q

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Another QSS you could have saved yourself a lot of typing because you probably nailed
the main point in recent discussions about SOR etc. in your last sentence:

'But i guess the simplest way is to see how much electricity produces
what degree of oil flow through and is that less energy used vs sagd as that
is what this is all about after all.'


Hence, regarding Axe's RF XL technology it will likely be a different kind of
metric from the source of heat/steam creating oil flow that establishes the 
bbls/d (Barrels of oil per day)

Remember these statements (below) from Axe's last NR ?

“The Acceleware team has performed extensive analysis and planning,
working closely with service partners and operating partners to develop
an appropriate rework and upgrade plan for this final stage of repairs,” said
Geoff Clark, Chief Executive Officer of Acceleware. “Having proven our
Clean Tech Inverter functionality for over six months at the RF XL pilot site
in 2022, we are keen to get the downhole portion of the RF XL system back
up and heating as soon as possible to accomplish our goals for the pilot.”


'Dr. Michal Okoniewski, Chief Scientific Officer, said “We have a high degree
of confidence that the due diligence involved in this workover will allow us to
achieve our goal of continuing to increase the amount of power we can inject
into the reservoir, and in turn show a meaningful increase in reservoir
temperature within a few months of restarting operations'


Yeah I know, the waitig still sucks however, (and hate the phrase)
'but it is what it is' and I hope they are continuing to make progress.
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