PRESS RELEASE
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
Pink Sheets: WFTSF
For Immediate Release:
May 6, 2011
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Calgary-Based Oil Powerhouse Turns To Powerwave To Increase Recovery
Deploying 11 Powerwave Systems In Three Oil Producing Assets
EDMONTON, Alta May 6, 2011- Wavefront Technology Solutions Inc. (“Wavefront” or the “Corporation”, TSX-V: WEE), a leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that 11 Powerwave systems are being deployed with a Calgary-based oil producer. The client is a leading oil and gas producer with assets strategically focused in properties comprised of high-quality, long-life, operated light and medium oil and natural gas reserves in western Canada. Under the terms of the agreement the client name, field location, and financial terms cannot be released.
“Powerwave’s impressive track record of success in optimizing waterfloods, miscible CO2 floods, or chemically-aided floods in all types of reservoirs could potentially add billions of barrels of oil to the world’s recoverable reserves,” said Wavefront President and CEO Brett Davidson. “We are very pleased to add this leading producer to our growing list of clients, and we are confident that Powerwave will help maximize oil recovery factor from the client’s numerous producing oil fields in the western Canada.”
On behalf of the Board Of Directors,
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and Director
About Wavefront:
Wavefront is a technology based, world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and the Company's website is www.onthewavefront.com.
For further information please contact:
Brett Davidson, President and CEO or D. Brad Paterson, CFO at 780-486-2222 or write to us at investor.info@onthewavefront.com
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