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For Immediate Release |
TSX-V: WEE |
EDMONTON, Alberta - September 27, 2005 - Wavefront Energy and Environmental
Services Inc. is pleased to announce that it has received a purchase order to
delineate optimal DeepWaveSM (http://onthewavefront.com/dw_what-is-deep-wave.htm)
operational parameters that would be employed during a waterflood. Ultimately,
these operational parameters will allow the producer to pre-evaluate their
numerous reservoirs scattered across the globe for DeepWaveSM
implementation.
The client operates in over one hundred countries and is one of the top five
global oil producers. The client does not wish to reveal its name at this time,
because of the current competitive market conditions in the oil sector.
Wavefront President & CEO Brett Davidson stated, “This is an exciting commercial
opportunity for Wavefront given the significant onshore and offshore holdings
this producer has. We are especially pleased that this top tier producer has
viewed DeepWaveSM as a means of maximizing their oil recovery
efficiencies. The innovative approach they are taking by pre-evaluating
reservoirs based on DeepWaveSM flow characteristics will provide for
expedited DeepWaveSM implementation. We look forward to building a
long-term relationship with this global producer.
Every oil reservoir in the world contains a vast quantity of the oil that is
potentially recoverable using DeepWaveSM. Given our focused business
model of capitalizing on the uniqueness of DeepWaveSM we look forward
to providing our shareholders with increasing value as we move forward."
About Wavefront Energy and Environmental Services Inc.
Wavefront develops, markets, and licenses proprietary technologies in the energy
and environmental sectors. The Company’s DeepWaveSM
Technology for fluid flow optimization has been demonstrated to increase oil
recovery. Within the environmental sector, DeepWaveSM
Technology accelerates contaminant recovery and improves in-ground treatment of
groundwater contaminants thereby reducing liabilities and restoring the site to
its natural state more rapidly.
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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.
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THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT.