Wavefront Energy gets another Powerwave client

Wavefront Energy and Environmental Services Inc (C:WEE)
Shares Issued 70,673,723
Last Close 6/6/2008 $2.18
Monday June 09 2008 - News Release

Mr. Brett Davidson reports

FOUR POWERWAVETM SYSTEMS TAKEN BY ENERGY TRUST

A major Canadian conventional oil and natural gas energy trust will install four of Wavefront Energy and Environmental Services Inc.'s Powerwave systems in a mature water flood development. Based on production improvements, the client envisions full-field implementation of approximately 100 injection wells. The implementation schedule for the initial four Powerwave systems is being determined.

Wavefront president and chief executive officer, Brett Davidson, stated: "The goal of this Powerwave program is to improve sweep efficiency, which is the ability of our technology to provide more uniform distribution of the injected water to mobilize stranded oil. In mature water floods much of the recoverable oil is produced at very high water fractions (about 90 per cent water per barrel of fluid). Lowering the water fraction hence increasing the oil fraction not only improves oil productivity rates but also contributes to changing the rate of production decline, extending field life and increasing proven reserves. Previously reported results for an ongoing project in Alberta demonstrate Powerwave's ability to mobilize stranded oil with an increase in oil fraction from 3.0 per cent to 4.6 per cent. As disclosed in Wavefront's May 20, 2008, news release, the positive change in oil fraction equates to an increase in oil recovery of 57 barrels of oil per day. With positive results seen elsewhere Wavefront is very optimistic of field-wide expansion in this new project."

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