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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 Whampoaon Aug 21, 2023 3:16pm
133 Views
Post# 35598436

Freshwater makeup

Freshwater makeupSAGD and Thermals are water management production monster machines.  Most Bitumen operators recycle injected steam and produced water at > 90% rates.  But they also need to top up with fresh water. Operators like MEG use underground sources for make up water, others from rivers.

CVE has an amazing info packed ESG report each (recent) year. 

CVE 2022-ESG-Report Slides 82, 83    
Fresh water intensity        
  2030        
bbl h2o/boe Target 2022 2021 2020 2019
Oil Sands 0.12 0.12 0.12 0.15 0.15
Thermals 2.9 4.00 3.71 3.85 3.62
           
           
Fresh water withdrawal      
10^3m^3   2022 2021 2020 2019
Oil Sands             3,342           3,355           3,873           3,696
Thermals          23,203        20,998        18,530        17,210
           
WS4 Drilling and completions volumes are excluded from total fresh water withdrawn volumes and fresh water intensity values.


Notice the diffence between their SAGD vs Lloydminster Thermals.
2030 target improvement for Lloydminster is 2.9 from 4.0.

No matter what they bolt on, its still far from ever improving to meet their equiv SAGD water intensity. 

On paper today, the only answer is migration from steam injection to a CTI RFXL heating well  in this case.  Gets them to zero fresh water.


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