www.onthewavefront.com 

For Immediate Release

TSX-V: WEE
Pink Sheets: WEESF


Progress Update On Rogers County
 

 

EDMONTON, Alta March 20, 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 activities at Rogers County, Oklahoma.

The Company has recently completed 1 horizontal production well and 5 water injectors. The horizontal well was terminated at 327 feet in lateral length at a measured depth of 481 feet. Initial fluid production measured from the horizontal well was 35 barrels per day at approximate 30 percent water cut. The horizontal well is currently being optimized for productivity. Of the 5 new water injectors 4 offset the horizontal well and active waterflooding has commenced. The Company will be initiating a large scale drilling operation this month where an additional 6 horizontal wells and 17 water injection wells will be drilled and completed. Based on the successful completion of the drilling operation, the first of numerous
DeepWaveSM installations in water injectors is scheduled for April 2006.

Wavefront President and CEO Brett Davidson stated, “Over the past several months the Company has been upgrading facilities, reactivating production wells, and establishing baseline production prior to implementing
DeepWaveSM stimulation. We have made significant progress at Rogers County and have laid the groundwork for aggressive oil recovery using the Company’s DeepWaveSM technology. The next few months should prove very exciting as management anticipates significant production improvements related to the technology.”

With the Company’s acquisition of the 90% working interest in the existing production, equipment, and 420-acre mineral lease from an arms length party for total consideration of US $190,000.00, and the focus on production at Rogers County, as well as the imminent start of drilling operations at Greentree Gas and Oil, the Company has allowed the lease it held in Milam County, Texas to expire.

The Company also wishes to announce that a
DeepWaveSM stimulation was completed near Red Deer, AB. The client, a major Canadian oil and gas company, is a first time user of DeepWaveSM and applied the technology to reduce drilling induced formation damage. Production results for the stimulation are not available at this time.

Mr. Davidson further commented, “We are enthused by yet another new user of
DeepWaveSM and the potential number of new and existing wells the client has that could potentially be stimulated. The Company and its licensee continue to see increased interest in the DeepWaveSM stimulation service and management is seeing this interest translate into inquiries for permanent DeepWaveSM installations during waterflooding.” 
 
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.