Wavefront Energy & Environmental Services Inc. - Powerwave(TM) Well Stimulations...
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Wavefront Energy & Environmental Services Inc. - Powerwave(TM) Well
Stimulations Completed in Columbia
TSX-V: WEE Pink Sheets: WEESF
EDMONTON, April 17 /PRNewswire-FirstCall/ - 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 two Powerwave royalty bearing well
stimulations have been completed in Columbia by Wavefront's licensed provider.
A coil tubing deployed Powerwave tool was utilized in the stimulation of two
horizontal wells operated by a major oil producer headquartered in Brazil.
Wavefront's licensed provider reports that both stimulations were operational
successes.
Wavefront President and CEO Brett Davidson stated, "This marks yet another
significant milestone for Wavefront as the international oil community has
realized the benefits of Powerwave for well stimulations, as well as for
flooding approaches to maximize reservoir recovery factor. We anticipate
results to mimic those seen in past well stimulations leading to further
uptake by the client in a number of on-going waterfloods."
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
SOURCE Wavefront Energy and Environmental Services Inc.
D. Brad Paterson, CFO, (780) 486-2222 x224 Tel,
investor.info@onthewavefront.com
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