Six-fold increase in injection prompts other operators to consider
Pink Sheets: WEESF
EDMONTON, May 21 /CNW/ - Wavefront Energy and Environmental Services Inc.
("Wavefront"), a world leader in providing innovative solutions for increasing
oil field production and enhancing the treatment of contaminated groundwater
is pleased to announce that a six-fold increase in water injection rate
resulting from the use of Powerwave, has prompted a Central Texas client to
expand the program for its oil field.
Prior to Powerwave implementation the client reported a water injection
rate of 40 barrels of water per day at 1000 psi injection pressure. After
implementing a Powerwave program the client reported a water injection rate of
240 barrels of water per day at 800 psi injection pressure.
"This is a substantial response for a client that had not experienced
injection rates of this magnitude and at much lower injection pressures at any
time in the field's history," said Wavefront President and CEO Brett Davidson.
"The considerable performance improvement Powerwave brings to waterflooding in
this region has other operators looking closely at how Powerwave can be used
to maximize oil recovery in their fields."
About Wavefront Technology Solutions Inc.
Wavefront specializes in designing and developing leading-edge techniques
for oil well stimulation, improved oil recovery, and environmental groundwater
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS 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
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disclaims any obligation to up-date any "forward-looking statements", other
than as required by law.
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For further information:
For further information: D. Brad Paterson, CFO, (780) 486-2222 x224 Tel,