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WEE Wavefront Technology Solutions Inc

0.02
0.00 (0.00%)
03 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wavefront Technology Solutions Inc TSXV:WEE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.02 0.02 0.025 0 01:00:00

Wavefront Technology Solutions Inc.: Calgary-Based Oil Powerhouse Turns to Powerwave to Increase Recovery

06/05/2011 9:41pm

Marketwired Canada


NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO UNITED STATES NEWS
WIRE SERVICES


Wavefront Technology Solutions Inc. ("Wavefront" or the "Corporation") (TSX
VENTURE:WEE) (PINK SHEETS:WFTSF), a leader in fluid injection optimization for
improved performance and profitability in the oil and environmental sectors, is
pleased to announce that 11 Powerwave systems are being deployed with a
Calgary-based oil producer. The client is a leading oil and gas producer with
assets strategically focused in properties comprised of high-quality, long-life,
operated light and medium oil and natural gas reserves in western Canada. Under
the terms of the agreement the client name, field location, and financial terms
cannot be released.


"Powerwave's impressive track record of success in optimizing waterfloods,
miscible CO2 floods, or chemically-aided floods in all types of reservoirs could
potentially add billions of barrels of oil to the world's recoverable reserves,"
said Wavefront President and CEO Brett Davidson. "We are very pleased to add
this leading producer to our growing list of clients, and we are confident that
Powerwave will help maximize oil recovery factor from the client's numerous
producing oil fields in the western Canada."


ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & Director

About Wavefront: 

Wavefront is a technology based, world leader in fluid injection technology for
improved/enhanced oil recovery and groundwater restoration. Wavefront publicly
trades on the TSX Venture Exchange under the symbol WEE and the Company's
website is www.onthewavefront.com.


Cautionary Disclaimer - Forward Looking Statement

Certain statements contained herein regarding Wavefront and its operations
constitute "forward-looking statements" within the meaning of Canadian
securities laws and the United States Private Securities Litigation Reform Act
of 1995. All statements that are not historical facts, including without
limitation statements regarding future estimates, plans, objectives, assumptions
or expectations or future performance, are "forward-looking statements". In some
cases, forward-looking statements can be identified by terminology such as
"may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential", "believe", "continue" or the negative of these terms or
other comparable terminology. We caution that such "forward-looking statements"
involve known and unknown risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated in such
statements. Such factors include fluctuations in the acceptance rates of
Wavefront's Powerwave and Primawave Processes, demand for products and services,
fluctuations in the market for oil and gas related products and services, the
ability of Wavefront to attract and maintain key personnel, technology changes,
global political and economic conditions, and other factors that were described
in further detail in Wavefront's continuous disclosure filings, available on
SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date
any "forward-looking statements", other than as required by law.


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