- Published: 25 September 2009
- Written by Editor
Midland Texas Operator Turns to Powerwave to Increase Oil Recovery and Reserves
Wavefront Technology Solutions Inc. ("Wavefront") (TSX VENTURE: WEE) (PINK SHEETS: WFTSF), 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 Midland, Texas-based operator will deploy six Powerwave systems to increase oil recovery and reserves in an active waterflood.
"We are very excited to be adding another operator, who has five hundred water injectors to the growing list of clients who are turning to Powerwave to increase oil recovery and reserves," said Wavefront President and CEO Brett Davidson. "Powerwave is gaining strong commercial acceptance and Wavefront is in negotiations with numerous oil companies for multiple Powerwave licenses. We look forward to announcing new contracts as they are signed in the coming weeks and months."
About Wavefront Technology Solutions Inc.
Wavefront specializes in designing and developing leading-edge techniques for oil well stimulation, improved oil recovery, and environmental groundwater remediation.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
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.
Contacts: Wavefront Technology Solutions Inc. D. Brad Paterson CFO (780) 486-2222 x224 This email address is being protected from spambots. You need JavaScript enabled to view it. www.onthewavefront.com
SOURCE: Wavefront Technology Solutions Inc.
mailto:This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.onthewavefront.com