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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is a Canada-based company that develops clean-tech decarbonization technologies. The Company has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. It is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.


TSXV:AXE - Post by User

Comment by L.A.on Apr 12, 2024 10:32am
128 Views
Post# 35985551

RE:Coming Oil Price Shock to help AXE

RE:Coming Oil Price Shock to help AXEI don't think we will see oil at 200/barrel in this decade. There are too may forces limiting that with most of them being of the political nature.

The only thing that will help AXE is completeing the test at Marwayne. When they complete the test and bring the technology to commercialization then we will see big gains in our share price regardless of oil price. You have to remember AXE is NOT an oil company it is a technology company developing technology that will be used to reduce carbon emissions and lower the cost and improve efficiency for resource based industries.
In my opinion this technology will be game changing by allowing the resource industry to meet stringent emissions targets without costing them an arm and a leg.
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