Wavefront Technology Solutions Inc V.WEE.H

Well Stimulation

[Theintrepidcdn]

Always good to sign another contract. WEE has been marketing the technology for some time  now; if oil companies had found it to be more cost effective than other stimution techniques wouldn't it all ready be utilized on a a broader bases? I just can't see an oil company ignoring a technology which , when utilized, will improve their bottom line. Am I missing something?

[Weeble]

You aren't missing anything and  I have thought the same thing myself many times.  The problem is that this has been the situation for at least 10 years.

[tannin]

dont know intrepidcdn....kinda wonder if our well stimulation technology is ideal in certain geologies or circumstances, and less so in others where, I'm guessing, a cheaper more convential approach will do the job. ie, one size fit's all........badly. However, I'm sure someone on this site knows more than me on the subject.

[Theintrepidcdn]

This contract may well provide the variability in geologies and situation which could have a hand in validating or discounting this technology, thIs assumes, as per tannins earlier comment, that these variables have a bearing on the effectiveness of  WEE stimulation technology. On a positive note, the technology was used numerous times in the middle east and a simular contract was signed late