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Wavefront Energy & Environmental Services (fka WEESF) RSS Feed

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WEESF Wavefront Energy & Environmental Services Inc. DeepWave(SM) well stimulation - used in three applications PR Newswire - March 14, 2006 8:31 AM (EDT) www.onthewavefront.com TSX-V: WEE Pink Sheets: WEESF EDMONTON, March 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Wavefront Energy and Environmental Services Inc., a provider and licensor of its proprietary DeepWave(SM) (http://onthewavefront.com/dw_what-is-deep-wave.htm) Technology for improved oil recovery and groundwater remediation is pleased to announce that three new DeepWave(SM) acid stimulations in horizontal wells have been completed including its licensee's first application in Canada. The stimulations were completed near Homer City, PA; Fort St. John, BC; and outside of Bakersfield, CA. All of the stimulations were performed by a licensee that will see the Company earn a percentage royalty on the gross revenue of each stimulation. The California stimulation was the third stimulation performed by the operator. It was also their second stimulation that involved a tracer study to further understand the distribution and penetration depth on injected liquids. Production results for the aforementioned stimulations may be available at a later time. Wavefront President and CEO Brett Davidson stated, "The positive result of prior DeepWave(SM) stimulations have generated significant interest from the user community. Though the Canadian operator is not unfamiliar with DeepWave(SM), having used it in heavy oil development for several years, we are pleased that they chose to implement the technology in a new area to revitalize waning oil production in a horizontal well. The Homer City, PA operator is a first time user of DeepWave(SM) technology." Mr. Davidson further stated, "The adoption rate of DeepWave(SM) is steadily increasing with several additional stimulations scheduled with a variety of operators having a varied range of applications. Management is very optimistic that the wide cross-section of applications DeepWave(SM) offers oil companies will generate further interest in the technology. Demonstrating the versatility of DeepWave(SM) in non-conventional applications will be a powerful marketing tool as the Company and its licensee commences global commercialization of the service." About Wavefront Energy and Environmental Services Inc. Wavefront develops, markets, and licenses proprietary technologies in the energy and environmental sectors. The Company's DeepWave(SM) Technology for fluid flow optimization has been demonstrated to increase oil recovery. Within the environmental sector, DeepWave(SM) Technology accelerates contaminant recovery and improves in-ground treatment of groundwater contaminants thereby reducing liabilities and restoring the site to its natural state more rapidly. ON BEHALF OF THE BOARD OF DIRECTORS WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC. "D. Brad Paterson" (signed) D. Brad Paterson, CFO & Director Cautionary Disclaimer - Forward Looking Statements -------------------------------------------------- Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plan, objectives, assumptions or expectations or future performance, are "forward-looking statements". 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. The Company expressly disclaims any obligation to up-date any "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 SOURCE Wavefront Energy and Environmental Services Inc. D. Brad Paterson, CFO, (780) 486-2222 x224 Tel, investor.info@onthewavefront.com http://www.prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved.
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