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| PRESS RELEASE |
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WAVEFRONT TECHNOLOGY SOLUTIONS INC. |
For Immediate Release: |
Convincing Injection Results Expands Powerwave
Program Cautionary
Disclaimer – Forward Looking Statements THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES THE CONTENTS OF THIS RELEASE WHICH WAS PREPARED
SOLELY AT THE DISCRETION OF MANAGEMENT
Six-Fold Increase In Injection Prompts Other Operators To Consider Powerwave
EDMONTON, Alta May 21, 2009/ Wavefront Energy
and Environmental Services Inc. (“Wavefront”), a world leader in providing
innovative solutions for increasing oil field production and enhancing the
treatment of contaminated groundwater is pleased to announce that a six-fold
increase in water injection rate resulting from the use of Powerwave, has
prompted a Central Texas client to expand the program for its oil field.
Prior to Powerwave implementation the client reported a water injection rate
of 40 barrels of water per day at 1000 psi injection pressure. After
implementing a Powerwave program the client reported a water injection rate
of 240 barrels of water per day at 800 psi injection pressure.
“This is a substantial response for a client that had not experienced
injection rates of this magnitude and at much lower injection pressures at
any time in the field’s history,” said Wavefront President and CEO Brett
Davidson. “The considerable performance improvement Powerwave brings to
waterflooding in this region has other operators looking closely at how
Powerwave can be used to maximize oil recovery in their fields.”
About Wavefront Technology Solutions Inc.
Wavefront specializes in designing and developing leading-edge techniques
for oil well stimulation, improved oil recovery, and environmental
groundwater remediation.
For further information please contact:
Brad Paterson, CFO
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
Certain statements contained herein regarding Wavefront and its operations
constitute “forward-looking statements” within the meaning of Canadian
securities laws and the United States Private Securities Litigation Reform
Act of 1995. All statements that are not historical facts, including without
limitation statements regarding future estimates, plans, objectives,
assumptions or expectations or future performance, are “forward-looking
statements”. In some cases, forward-looking statements can be identified by
terminology such as ‘‘may’’, ‘‘will’’, ‘‘should’’, ‘‘expect’’, ‘‘plan’’,
‘‘anticipate’’, ‘‘believe’’, ‘‘estimate’’, ‘‘predict’’, ‘‘potential’’,
‘‘continue’’ or the negative of these terms or other comparable terminology.
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. Such factors
include fluctuations in the acceptance rates of Wavefront’s Powerwave and
Primawave Processes, demand for products and services, fluctuations in the
market for oil and gas related products and services, the ability of
Wavefront to attract and maintain key personnel, technology changes, global
political and economic conditions, and other factors that were described in
further detail in Wavefront’s continuous disclosure filings, available on
SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to
up-date any “forward-looking statements”, other than as required by law.