www.onthewavefront.com 

For Immediate Release

TSX-V: WEE
Pink Sheets: WEESF


Additional Mineral Leases To Be Added In
Rogers County, Oklahoma

 

EDMONTON, Alta January 27, 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 announce that it has entered into option agreements to obtain an additional 580-acres of mineral leases in Rogers County, OK. The first option agreement is to purchase 90% of the working interest in the existing production, equipment, and 420-acre mineral leases from an arms length party for total consideration of US $190,000.00. The second option agreement is to purchase 100% of the working interest in the existing production, equipment, and 80-acre mineral lease from an arms length party for total consideration of $29,000.00. Wavefront is also pleased to announce that it has purchased 100% of the working interest in the existing production, equipment, and 80-acre mineral lease from an arms length party for total consideration of US $29,000.00.

Wavefront President and CEO Brett Davidson stated, “We are positioning the Company to have a strong presence in Rogers County where we believe DeepWaveSM will have significant impact on overall oil recovery. The acquisition of the additional mineral leases increase our producible acreage from 780 to 1360 acres and significantly increases the total amount of oil in place that has the potential to be recovered. The aggressive exploitation plan we developed utilizing horizontal producers and vertical DeepWaveSM water injectors to showcase the technology will now be extended to the new leases. We continue to evaluate additional lease opportunities in the area and hope to report on acquisitions production results in the near future”.
 
 
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.
 

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. Brad Paterson” (signed)

 

D. Brad Paterson, CFO & Director
 

 

Cautionary Disclaimer – Forward Looking Statements
Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United Sates Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plan, objectives, assumptions or expectations or future performance, are “forward-looking statements”. We caution that such “forward-looking statements” involve know and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. The Company expressly disclaims any obligation to up-date any “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.