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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 Dec 19, 2023 3:21pm
136 Views
Post# 35792355

CNRL

CNRLCAPEX (2023 and ) 2024 spend will be harvest ready in 2025 onwards

Projected 2024 Production is flat, no growth till 2025 (albeit marginal production growth in 2025)

Total CAPEX 2024 is $5.4B, and of that 
  • Allocated to 2024 Oilsands is about $2.9B
new wells to be drilled at Primrose, Wolf LK and Jackfish, but production due in 2025
  • recent Q3 Wolf LK Primrose's SOR is a sad 4.5 (but great improvement from Q2 SOR 6.3 !!)
  • recent Q3 Jack Fish's SOR is 2.6 
 
the commercial scale solvent bolt-on SAGD is a (new?) pad at Kirby
  • recent Q3 Kirby's SOR is a dismal 3.7
  • let see how this new pad make a dent to improve Kirby in a years time
Conclusion
Practically no improvements with their insitu metrics.
 
Even more sad, No hint of a AXE CTI RFXL demo to see if they might find an improvement/solution to their inefficient insitu operations.
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