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For Immediate Release |
TSX-V: WEE |
EDMONTON, Alta February 15, 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 second California DeepWaveSM
well stimulation previously reported on January 31, 2005. The well, completed in
naturally fractured shale, has 600 feet of net perforated interval with 4
perforations per foot. A two-stage acid stimulation was required for economic
production. Previous acid treatments using several other techniques resulted in
limited success. Two tracer fluids were also injected during the stimulation to
determine zonal coverage and depth of penetration.
Post injection well logging indicated that both stages of acid and both tracer
fluids were displaced across 100% of the perforations. The depth of penetration
was determined to be a minimum of 6 inches with the maximum unknown given the
measuring capability of the logging tool was limited to 24 inches. No other
placement technique has previously enabled treatment of all perforations. The
Company, its licensed service provider, and the operator are awaiting the
production response.
Wavefront President and CEO Brett Davidson stated, “The importance of being able
to inject with pin-point accuracy cannot be understated. In most instances
tracer studies indicate that only 40% to 60% of perforations take fluids during
liquid injection. To have 100% of the perforations take fluid is unprecedented
and provides a large economic advantage to the producer. Increased efficiencies
are a strong indicator increased overall oil production. The Company and its
licensed providers of DeepWaveSM
are clearly developing a competitive advantage with respect to injection
processes. The positive outcomes we have achieved since 1998 and continue to
report on support this position. As results become more widely disseminated we
anticipate increased global demand for the service.”
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 |
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