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For Immediate Release |
TSX-V: WEE |
EDMONTON, Alta May 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
announce that Mr. John Warren has accepted the position of Vice President of
Operations and Business Development.
Based in Houston, Mr. Warren will be responsible for marketing DeepWaveSM
in the global oil and gas industry, overseeing United States based oil
production operations, as well as growing the Company’s Houston based
operations. Mr. Warren comes to Wavefront from his position of Product Manager,
Water Shut-off at Halliburton. For the past two years in his position with
Halliburton Mr. Warren has worked closely with the Company’s management and
staff spearheading both DeepWaveSM
marketing and development.
Wavefront President and CEO Brett Davidson stated, “We are very excited about
John becoming a member of Wavefront and its management team. John brings a
wealth on domestic and international experience to the Company. As we progress
in the development of our oil field assets and the positioning of DeepWaveSM
in the marketplace he will be a significant asset to the Company. His intimate
knowledge of the Company’s staff and core technology will be an immediate
benefit”.
The Company is also pleased to announce that its licensee, Halliburton, has
completed a royalty bearing well intervention in California. The acid placement
was performed outside of Bakersfield, California with a repeat client who
examined two previous tracer tests conducted with DeepWaveSM
and concluded, “In both presentation, the two wells indicate that both iron (Fe)
acid and the mud acids were dispersed throughout the wellbore and also indicate
deep penetration over portions of the wellbore. Previous investigation work
after stimulating bull head (i.e., open ended coil tubing) indicated majority of
stimulation fluid exiting out of very short pay zone, typically where a fracture
or dolomite episode occurs. Therefore, the DeepWave tool did demonstrate
dispersion and deep penetration”. The Company is pleased to note that further
well stimulations involving unique monitoring techniques employing fiber optic
temperature sensing to analyze the affects of DeepWaveSM
are planned with this operator.
Wavefront President and CEO Brett Davidson commented, “The Company has
continuously maintained that DeepWaveSM
will provide greater dispersion and deeper penetration of any injected fluid.
Third-party testimonials as outlined above support the Company’s position. We
look forward to continued success from the Company’s licensee, Halliburton and
the California operator”.
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.