Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:AXE - Post Discussion

Acceleware Ltd > Discrepancy in Oil Production (MOST Important!!!)
View:
Post by JeffreyS on Aug 21, 2022 4:00pm

Discrepancy in Oil Production (MOST Important!!!)

If oil production is only 105 barrels of oil per day, it shows a serious discrepancy with what is mentioned on the Acceleware website.
According to https://www.acceleware.com/technology/bite-sized-capabilities.html a $20 million pilot well should generate 750 barrels of oil per day.
The current pilot well is only generating perhaps 105 barrels per day. One would hope that daily production would increase with more time heating the wellsite. However, According to earlier Acceleware statements they are only expecting between $1 million and $3 million in oil revenue in the first 6 months of the pilot project. If a $20 million investment really did generate 750 barrels of oil per day in production that would be 273,500 barrels of oil per year or about $27 million in gross oil revenues per year. There is no indication that production is any where near what has been described. Does anyone have any thoughts about this issue?
Comment by energee on Aug 21, 2022 6:53pm
No discrepency that I can see.  They have not mentioned pilot well rates, just anticipated/forecast revenues during the pilot phase. You are mixing apples and oranges. The website link you provided refers to the scalablity of the tech for future well pads, not the initial pilot well. They mention in April that this initial well commenced producing oil in April "at rates consistent with ...more  
Comment by blitzer2 on Aug 21, 2022 8:42pm
JeffreyS you ask : Does anyone have any thoughts about this issue? First, my thoughts about your recent posts are they continue in tone to run very hot and cold from negative to positive every time you post, and I think you are mostly getting unnecessarily ahead of yourself because of only limited information. Or, you are taking some input and estimates and opinions from other posters who ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities