Wavefront Energy & Environmental Services Inc. - Powerwave expected to improve west Texas waterflood



    
    TSX-V: WEE
    Pink Sheets:   WEESF
    

    EDMONTON, Aug. 14 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a world leader in fluid injection technology for
improved/enhanced oil recovery and groundwater restoration is pleased to
announce that Powerwave will be implemented in an active waterflood in Gaines
County Texas by an independent oil and gas producer whose average production
is approximately 40,000 barrels of oil equivalent (boe)/day.
    "This agreement represents the third commercial contract for Powerwave
that Wavefront has received in the past four days", stated Wavefront President
and CEO, Brett Davidson. "It is clear that there is a strong and growing
appetite for Powerwave for both secondary and tertiary oil recovery.
Powerwave-driven injection results in bypassed oil being accessed, production
decline rates positively altered, field life extended, and recovery factor
vastly improved. Wavefront is in advanced stages of discussion with additional
oil companies to apply Powerwave and management anticipates similar
announcements shortly."

    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

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WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

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