Acceleware Ltd V.AXE

800m Apples to Apples comparison

[Whampoa]

2021-12-08 Investor Day Cenovus Energy   

CVE management were happy to report the integration of Husky into CVE went smooth, ahead of schedule, and combined co synergies realized. The Lloyd Thermals, Lloyd refinery, and South China seas were mentioned positively numerous times.

Slide 80
Showing former Husky's 10,000 bopd cookie cutter Lloyd Thermals comprising

• Bolney / Celtic  (Bolney West)
• Paradise Hill
• Sandall
• Spruce Lk  (Spruce Lk North  is on deck for its first bitumen late 2022)
• Pike Peak south  (also candidate venue of Savante CCUS pilot)
• Dee Valley
• Rush Lk
• Vawn
• Edam West
• Edam East

Average well pairs are 800m 
About $250 mm to $300mm capital per cookie project
or about $25,000 per flowing barrel

AXE estimates their 10,000 bopd RF XL system would cost $70mm

So CVE has Lloyd Thermal data consisting of  100s (closer to 1000) of well pair production histories, heat chambers , SOR, day of heating, first oil, etc.   They can stack like data into a bell curve chart and then compare like data, soon to be collected, from Marwayne.

AXE likely to beat, wondering by how much?

 

[Whampoa]

oh, forgot to mention from the video presentation, CVE management said  "legacy" or former FCCL were designed with 600m well pairs.  Now of course much longer well pairs going forward (key word:) depending on the geology.

[AboveBoard]

Whampoa,  interesting information you posted about AXE.   I have been following this company for quite some time now.  Haven't chomped at the bit.  Broke out of its trading range and moved up quickly.  Didn't expect it to do so.  Will there be the usual pull back?  Or will it maintain its momo?  I thought a different oil technology, Wavefront

[ScarletSpider]

Wee seems to be a really solid company too! There was petroteq as well which has reported being extremely affective but in both circumstances they never had the backing of any of the major oil and gas providers from what I can tell this one did and does which is beginning to speak volumes when differentiating the techs and the resulting share value. Wee is very tightly held you can see it in the