WEE...NR..TOP PICK for 2010
posted on
Feb 26, 2010 07:38AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
I picked up WEE last fall and it is doing very well..I needed some more diversication to my mining stocks and this fits the bill..WEE Is oil field technology that is creating a stir and making money hand over fist..Here is their latest NR ..Check out their web site to see how the tecnology works..Facinating..
I think that the target price last fall was $4.75...
Gan..did you have a look at WEE..???
Wavefront Technology Solutions Inc. ("Wavefront") (TSX VENTURE: WEE) (PINK SHEETS: WFTSF), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater, is pleased to announce it is expanding the Powerwave program with the Eastern Alberta client announced December 17, 2009.
Under the terms of the Agreement, Wavefront will initially provide a minimum of 35 to 50 Powerwave systems with approximately two-thirds of those systems slated for the existing Eastern Alberta operation where Powerwave has been successfully employed for approximately 2.5 years.
"We are very pleased to be starting the larger roll-out of Powerwave with this Eastern Alberta client," said Wavefront President and CEO Brett Davidson. "We are now looking forward to further improving oil production rates, slowing the rate of production decline, and extending the economic life of the field where Powerwave has already been a major success."
Wavefront has also completed two successful Powerwave single well stimulations in Alberta with two different clients using Odyssey, Wavefront's newest stimulation tool. Three additional stimulations are slated in Alberta with this client group. In the next 21 days, Powerwave is expected to be a key component in five stimulations in California and one in Alaska.
"The primary benefits of Powerwave in well stimulation include intense fluid mixing, greater fluid distribution, and deeper penetration of the liquids being injected into the ground. With the introduction of the Odyssey tool, Wavefront is expanding its presence in the well stimulation market," said Mr. Davidson.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
Cautionary Disclaimer - Forward Looking Statements
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.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT
Contacts:
Wavefront Technology Solutions Inc.
D. Brad Paterson
CFO
(780) 486-2222 x224
investor.info@onthewavefront.com
www.onthewavefront.com
SOURCE: Wavefront Technology Solutions Inc.
mailto:investor.info@onthewavefront.com
http://www.onthewavefront.com