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For Immediate Release |
TSX-V: WEE |
EDMONTON, Alta April 25, 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
is pleased to announce that the first of seven
DeepWaveSM
acid stimulations has been successfully completed in the Company’s oil field
lease in Rogers County, Ok.
The stimulation was performed as a preparatory stage to the installation of the
Company’s
DeepWaveSM
waterflood injection tool, which is being commercialized as the “Dragonfly”.
Background production and injectivity data has been obtained and the
installation of the Dragonfly tool is imminent. Five additional acid
stimulations are to be conducted in water injectors where four future Dragonfly
installations are planned as well as the installation of a new concept
waterflood tool being collaboratively developed with the Company’s licensed
service provider. The installation of the new concept tool is expected in
several months. The seventh stimulation is planned for the recently completed
horizontal production well.
Wavefront President and CEO Brett Davidson stated, “We are pleased with the
progress we have made in Rogers County and anxiously await the installation of
the Dragonfly tool. The next several months will be very exciting for the
Company as the positive results we expect come to fruition. Additionally, the
installation of a new concept tool developed in collaboration with our licensed
provider continues to demonstrate the strong commitment each party has in
successfully entrenching the technology as the injection technology of choice in
the global oil and gas sector. The Company looks forward to updating the market
on continued progress.”
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.