Wavefront Energy & Environmental Services Inc. - Powerwave poised to improve recovery in fractured oil reservoir
To increase recovery factor and heighten field economics Powerwave is being applied to mobilize oil stranded in the non-fractured volume of the rock
by Impact Wire Monday, March 02, 2009
Wavefront President and CEO Brett Davidson stated, "Fractured oil reservoirs represent a challenging environment for secondary oil recovery as it is very difficult to mobilize oil not contained within the fracture network. As a result, oil recovery factors for fractured reservoirs remain extremely low. To increase recovery factor and heighten field economics Powerwave is being applied to mobilize oil stranded in the non-fractured volume of the rock. With the large number of fractured oil reservoirs throughout the globe this is a pinnacle opportunity for Wavefront as the anticipated positive results will broaden the current target market for Powerwave."
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.
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