Wavefront's Powerwave stimulates two wells in Columbia
Wavefront Energy and Environmental Services Inc (C:WEE)
Shares Issued 63,754,701
Last Close 4/16/2008 $2.35
Thursday April 17 2008 - News Release
Mr. Brad Paterson reports
POWERWAVETM WELL STIMULATIONS COMPLETED IN COLUMBIA
Two Powerwave royalty-bearing well stimulations have been completed in Columbia by Wavefront Energy and Environmental Services Inc.'s licensed provider. A coil-tubing-deployed Powerwave tool was used in the stimulation of two horizontal wells operated by a major oil producer headquartered in Brazil. Wavefront's licensed provider reports that both stimulations were operational successes.
Wavefront's president and chief executive officer, Brett Davidson, stated: "This marks yet another significant milestone for Wavefront as the international oil community has realized the benefits of Powerwave for well stimulations, as well as for flooding approaches to maximize reservoir recovery factor. We anticipate results to mimic those seen in past well stimulations leading to further uptake by the client in a number of ongoing waterfloods."
© 2008 Canjex Publishing Ltd.
