Acceleware Ltd V.AXE

6th month milestone

[Whampoa]

From Q3 that no one here mentioned yet.

Before a pause for the workover described above, the CTI had been operational for seven consecutive

months, something that has never been achieved before.

The Company successfully injected power into the transmission lines for over 200 days prior to the

workover, a significant milestone. There was sustained heating of the formation around the RF XL well prior

to a pause in operations for a workover.

Oil production from the RF XL Pilot well commenced in April 2022 and continued during Q3 2022 with

shipments and proceeds recorded as an offset to R&D expenses.

Compared this with my tracking

• Got Jul 27th news that DTS problem, back in Week 20, 140 days, 5th month
• Got Aug 3rd Youtube update heating , Week 21, 147 days

So with the Q3 info

• 200th day (or mid Week 28 or 7th month) is approx Sept 25th closing out Q3
• > 200 days is entering October timeframe or Q4

Does this mean AXE has met the 6th month threshold to begin compiling 6 Month milestone pilot reports for the Gov and Oilsanders sponsors ?

If successful, next on deck is demostration scale at producer's site?

Submission of reports will release final sponsor $, and registers revenue on the balance sheet.

Would CTI be consider sales/revenue to a producer's demonstration  site?

What do you guys/gals think?

[mctrader]

I wondered about these statements too and think it entirely possible that Acceleware has been injecting power into the steam chamber for this long. The damage was to the DTS not the RFXL System. They have also been pushing the concept of intermittent electricity as a power source, which would mean that even with the power off the well should still produce oil. For how long I couldn't say, but

[ARRHWSK]

My understanding, is that even though they were doing repairs on the monitoring equipment that was damaged, they were still injecting some power into the well (other than when they pulled the monitoring sensors out of the ground). They likely had a good understanding of how much power they could inject, without risking anything within the well bores before the sensors were damaged. With the