Wavefront Energy & Environmental Services Inc. - Alberta based oil and gas producer to apply Powerwave



    TSX-V: WEE
    Pink Sheets:   WEESF

    EDMONTON, Feb. 27 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a leader in technology development and implementation for
improved oil recovery and optimized groundwater remediation is pleased to
announce that a Canadian conventional oil and natural gas producer, with gross
revenues over $500 million, will apply Powerwave in an Alberta waterflood
development. For reasons of confidentiality the client, agreement terms, and
oil field location cannot be released.
    Wavefront President and CEO Brett Davidson stated, "We continue to
develop strong positive momentum and add to the growing list of adaptors of
Powerwave who have singled out the process as a viable means to optimize
enhanced (improved) oil recovery approaches such as waterfloods, CO(2) floods,
or chemical floods. In the fields where Powerwave has been employed the
compelling results are very difficult to ignore; better injection rates,
enhanced fluid production rates, and improvements in total oil cut. The sum of
these results implies that for the oil producer, Powerwave can potentially
lead to large gains in overall oil recovery and extend the production life of
a field thereby positively impacting both field economics and total production
revenue. We continue to see active interest from a broad spectrum of oil
producers in Canada and the United States and fully anticipate further
agreements and the broadening of current programs by multiple Powerwave
systems operating for longer terms."

    About Wavefront Energy and Environmental Services Inc.

    Wavefront is a technology-based company with a focused, strategic plan to
leverage the value of our intellectual property in order to maximize oil
production recovery operations, as well as provide additional solutions for
environmental applications.

    ON BEHALF OF THE BOARD OF DIRECTORS

    WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

    "D. Brad Paterson" (signed)
    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'',
''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.

    THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF
    THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT





For further information:

For further information: D. Brad Paterson, CFO, (780) 486-2222 x224 Tel,
investor.info@onthewavefront.com

Organization Profile

WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

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