FOR IMMEDIATE RELEASE: March 12, 2007
Powerwave™
Package Delivered To Devon Canada Corporation (“Devon”)
EDMONTON, Alta Mar 12,
2007/ Wavefront Energy and Environmental Services Inc., a leader in
technology development and implementation for improved oil recovery
and optimized groundwater remediation is pleased to announce that a
staged Powerwave-based approach to production enhancement was
recently delivered to Devon. The oil well had been plagued with
inflow problems, so Devon chose to run commercially accepted
Wavefront technologies as key components of the well stimulation and
production strategy to boost production levels.
In the first stage, the Powerwave service tool was run on a coil
tubing unit to inject a third-party chemical to achieve greater
distribution and penetration, as well as exploiting the energy of
the fluid pulses to dislodge blockages impeding flow. Since its
inception, the repeated success of the Powerwave service tool in
difficult well conditions unequivocally separates itself from other
coil tubing options for injecting fluids. The Powerwave service tool
has previously been demonstrated to yield up to a 2250% increase in
oil productivity following a well stimulation.
The second stage focused on the installation of a downhole sand pump
supplied by Wavefront Sand Pumps and Rentals (formerly Top Gun Sand
Pumps and Rentals a recent Wavefront acquisition). The specific
model of downhole sand pump is an outside-of-the-box concept based
on the patented Powerwave Process where, during the pumps down
stroke, pulse re-injects a small stream of fluid as opposed to
standard pumps that strictly produce fluid. This novel, gentle
reversal of flow, does not affect production volumes but can
mitigate or delay common inflow issues related to wellbore blockages
allowing for more sustainable as well as greater overall oil
productivity. The vast majority of case histories where the downhole
pump has been deployed show rejuvenated wells where production goes
from zero or very low oil volumes to productivity levels where the
wells are considered economic successes.
Wavefront President and CEO Brett Davidson stated, “We are extremely
pleased that Devon has utilized an integrated Powerwave-based
approach as a well stimulation and production strategy. The
acquisition of Top Gun has permitted us to leverage existing
solutions and apply our technology to new areas. The synergy is
working to increase overall industry awareness of Wavefront as well
as the ability of the company to bundle technologies to producers
like Devon, who require the innovations Wavefront offers to get the
most out of the wells.”
About Wavefront Energy and Environmental
Services Inc.
Wavefront is a technology-based company with a focused, strategic
plan to leverage the value of our intellectual property in order to
maximize oil production recovery operations, as well as provide
additional solutions for environmental applications.
For further information please contact: Brad Paterson, CFO and Director
780-486-2222 ext. 224 Tel
investor.info@onthewavefront.com
On behalf of the Board Of Directors,
Wavefront Energy & Environmental Services Inc.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and
Director
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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 known 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”.
Powerwave™ and Primawave are registered Trademarks of Wavefront Energy and Environmental
Services Inc. |