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 | 00:00:00 |
"We are very excited about this opportunity to demonstrate to TriAxon how the Powerwave-driven flooding approach will unlock oil from tight porous rock that may otherwise have remained stranded" said Wavefront President and CEO, Brett Davidson. "One of Powerwave's strengths is its multiple tool designs, which allow it to carry out operations across a wide and varied range of reservoir conditions. Powerwave is also more efficient than traditional flooding methods and has a growing track record of improving production rates and slowing production decline."
"We believe significant upside exists with the introduction of non-steady state and transient injection to existing enhanced oil recovery schemes" said TriAxon Vice President of Engineering, Michael Scase.
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 http://www.onthewavefront.com.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
Cautionary Disclaimer - Forward Looking Statements
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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Wavefront Technology Solutions Inc. D. Brad Paterson CFO 780-486-2222 x224 investor.info@onthewavefront.com www.onthewavefront.com
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