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For Immediate Release |
TSX-V: WEE |
EDMONTON, Alta March 24, 2006/ Wavefront Energy and Environmental Services
Inc., a provider and licensor of its proprietary DeepWaveSM
(http://onthewavefront.com/dw_what-is-deep-wave.htm)
Technology for improved oil recovery and groundwater remediation is pleased to
provide an update on the DeepWaveSM
well stimulation conducted in Fort St. John, BC as announced on March 14, 2006.
The well, a horizontal producer, was the subject of an acid stimulation where
the DeepWaveSM
process was utilized to achieve greater distribution and penetration of the
injected liquid.
Prior to the stimulation, average production was 2.3 cubic meters of oil per
day. Oil production has been steadily increasing since the DeepWaveSM
stimulation. The results of an oil production test conducted on March 20, 2006
indicate the well was producing 6.5 cubic meters of oil per day. This represents
an approximate three-fold increase in productivity. Once production has
stabilized, we will provide a production update.
About Wavefront Energy and Environmental Services Inc.
Wavefront develops, markets, and licenses proprietary technologies in the energy
and environmental sectors. The Company’s patented DeepWaveSM
Technology is a proven and verified fluid flow optimization technique. Within
the energy sector the Company’s strategy is to license the technology to service
providers, provide site licenses to oil producers, and to acquire or earn
working interests in mature oilfields. In the environmental sector, DeepWaveSM
is licensed to service providers who implement the technology to reduce
long-term liabilities associated with contaminated sites.
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For further information please
contact: |
D. Brad Paterson, CFO 780-486-2222 x224 Tel investor.info@onthewavefront.com |
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.
“D.
D.
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Cautionary Disclaimer – Forward
Looking Statements |
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT.