Wavefront Technologies Solutions Inc. (WFTSF)

[Golden Cross]

$WFTSF Tier_Change: OTCQX International to OTCQB

OTCM Link
https://www.otcmarkets.com/stock/WFTSF/disclosure

[DeltaSierra]

Powerwave Gains in Saudi Arabia
https://globenewswire.com/news-release/2018/01/23/1299490/0/en/Powerwave-Continues-to-Gain-Momentum-in-the-Kingdom-of-Saudi-Arabia.html

[DeltaSierra]

https://stocknewstimes.com/2018/01/04/wavefront-technology-solutions-inc-wee-insider-douglas-burger-acquires-99890-shares.html

[DeltaSierra]

Wavefront's Powerwave Technology Making Convincing Progress in the Middle East

http://finance.yahoo.com/news/wavefronts-powerwave-technology-making-convincing-001335951.html

[DeltaSierra]

http://finance.yahoo.com/news/wavefront-announces-first-quarter-2017-232925984.html

[MakinBank]

Hey would you be interested in an oil stock 100M A/S 87M O/S stock that is only .0045 under $400K market cap 2 Saudi Royals on the board of directors. Company working on multi million dollar projects. There is very little shares left to trade and can jump 100x valuation based on multi million dollar projects. EGYH. please come join us

[BigIronOnHisHip]

Is there anybody here who still believes in this co?

[WovenO2]

Who's buying?

[futrcash]

Two-Year Supply Contract Signed With Servicios Petrotec S.A de C.V. To Service Pemex

EDMONTON, Alta., April 22, 2014 - Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; OTCQX: WFTSF) a leading provider of fluid injection processes primarily for mature field revitalization (Enhanced Oil Recovery or “EOR”) as well as oil and gas well stimulation is pleased to provide an update on recent Powerwave activities.

Wavefront has placed a strong focus on well stimulation with these efforts bolstering activity in the product line. For the period September 1, 2013 to March 31, 2014 the Corporation has completed 616 Powerwave stimulations worldwide. According to a June 2011 Bcc Research report the well stimulation market is in excess of $1 billion annually as virtually all wells periodically (18 to 36 month time frame) require some form of stimulation to enhance production or injection. Wavefront’s clients have included major oil and gas companies as well as all of the major oil field service contractors.

In Saudi Arabia Wavefront, through its marketing partner Engineering & Industrial Technology Company successfully completed the first Powerwave well stimulation. The stimulation involved removing fill from a well that impeded production. Based on initial customer feedback Wavefront anticipates that with the success of this stimulation that the Corporation’s Powerwave technology will become a standard whenever a fill clean-out is required.

In Mexico Wavefront, through its marketing partner Attainment International Ltd. entered into a 2-year contract to supply Servicios Petrotec S.A de C.V., a leading service company to Pemex, with Powerwave stimulation tools for the area of Samaria, Comalcalco y Agua Dulce. It is anticipated that this agreement will yield a minimum of 5 stimulations per month to a maximum of 20 stimulations per month.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“D. Brad Paterson” (signed)

D. Brad Paterson, CFO & 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 on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.

For further information please contact:
Cora Klein, Communications Co-ordinator at 780-486-2222 ext. 229 or write to us at [e-mail].

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[pennyrocks]

Looking good! Nice news this evening! Glty

[futrcash]

Weatherford Colombia To Employ Powerwave Stimulation Methods - Wavefront records number of well stimulations

EDMONTON, Alta., November 6, 2013 Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; OTCQX: WFTSF) a developer of leading-edge technology for fluid injection optimization is pleased to announce that through its marketing agent that it has entered into an agreement with Weatherford Colombia Ltd (“Weatherford”) to provide Powerwave for an initial 48 well stimulations.

Under the terms of the agreement Wavefront will provide Powerwave tools to be used in Weatherford’s Wec-Flow process. Wec-Flow is a highly successful innovative stimulation approach to treat wells that have experienced production decline and encompasses a Weatherford proprietary surfactant/solvent/dispersant product and Wavefront’s multi-patented injection process.

Wavefront would also like to announce that for the months of September and October 2013 the Corporation conducted 166 Powerwave well stimulations. This is the largest number of stimulations recorded for a two month period in Wavefront’s history.

“We are very pleased to be working with Weatherford who have demonstrated in Mexico and Colombia the exceptional performance Powerwave achieves in placing chemicals in difficult well conditions,” said Wavefront President and CEO Brett Davidson. “Wavefront’s focused strategy to grow the well stimulation segment of its product line is yielding positive results and the Corporation will continue to open new markets and opportunities through reputable services providers such as Weatherford.”

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“D. Brad Paterson” (signed)

D. Brad Paterson, CFO & 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 on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.

For further information please contact:
Cora Klein, Communications Co-ordinator at 780-486-2222 ext. 229 or write to us at [e-mail].

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[futrcash]

Slowly...but...Surely...this Baby is learning to walk-

http://www.onthewavefront.com/inc/pdfs/pc/2013/BIE_April2013_Wavefront.pdf

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[futrcash]

Pan American Energy Powerwave Project Generating Positive Results

EDMONTON, Alta., May 29, 2013 Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; OTCQX: WFTSF) a developer of leading-edge technology for fluid injection optimization for performance drilling, well stimulation and mature field revitalization is pleased to provide an update on the Powerwave mature field revitalization project with Pan American Energy (“PAE”) in Argentina.

At the recent 5th conference on “Production and Development of Reserves” held in Rosairo, Argentina, PAE presented initial, early findings of the relatively new Powerwave project originally announced on February 22, 2012. Two Powerwave tools were installed in November 2012 and an additional tool was installed in April 2013. For the three Powerwave-driven waterflood patterns PAE noted positive results including:
Minimum incremental oil production of 10 m3/day (~63 bbls/day) associated with Powerwave in the 10 offsetting oil production wells surrounding the three water injectors. Production will continue to be carefully monitored to assess overall incremental increases as well as sustainability of decreased production decline;
An increase in oil cut and corresponding decrease in water cut (proportionate volume of oil and water produced per barrel of fluid pumped to surface); and,
Incremental improvement in well head pressure (ranging from 25 psi to 360 psi) for each water injector which confirms Powerwave is providing better contact of the injected water to a larger portion of the reservoir. Better contact of injected water allows previously by-passed oil to be mobilized and on a larger scale, greater potential for ultimate oil recovery.
“We are extremely pleased with the early results associated with the PAE project and PAE’s recognition of the benefits Powerwave is delivering,” said Wavefront President and CEO Brett Davidson. “Wavefront has long maintained that Powerwave is an operator’s best option for mature field revitalization and we are confident Powerwave will provide long-term benefits for PAE and PAE will expand Powerwave use in Argentina.”

Wavefront would also like to provide an update on activities related to the ~US $600,000 Ecopetrol project announced December 6, 2012 and April 29, 2013 respectively. Ecopetrol has now successfully completed the installation of Wavefront’s innovative pulsating selective injection waterflood regulator valve marketed as the “Neptune”.

Traditional waterflood regulator valves are designed to inject water into a desired zone but are often plagued by scaling issues which inhibit water injection. Wavefront’s Neptune is designed to ensure seamless, continuous injection, enabling oil producing companies to maintain water injection rates and improve water distribution in the oil-bearing formation. Injection rates and water distribution are crucial for maximizing overall oil recovery.
About Wavefront:
Wavefront is a technology based world leader in fluid injection technology for performance drilling, well stimulation, and mature field revitalization (EOR). Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.

For further information please contact:
Cora Klein, Communications Co-ordinator at 780-486-2222 ext. 229 or write to us at [e-mail].

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[futrcash]

Wavefront Announces Fiscal First Quarter 2013 Results

EDMONTON, Alta., January 29, 2013 Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; OTCQX: WFTSF) a developer of leading-edge technology for fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors announces its financial results for the first quarter ending November 30, 2012.

Wavefront is a technology company with a reputation among its clients for quality, innovation and creativity. Focused on global markets, Wavefront utilizes its patented technology to provide measureable solutions when exploration and production companies (or “E&P” companies) are faced with the challenges of optimizing oil production, well intervention and performance drilling.

Wavefront’s strategic value proposition is underpinned with 20 granted and 29 patents pending based on differentiated fluid flow technology. Marketed under the brand names, “Powerwave” and “Primawave”, the injection methodologies improve distribution of liquids in the ground.

Wavefront’s business plan for enhancing shareholder value includes:
Licensing of its proprietary technologies and products, underpinned by a high margin recurring revenue model.

Leveraging of its proprietary technologies and products through strategic service company alliances, both in the energy and environmental sectors.
With the Company’s new marketing initiative entitled “From Bit to Last Drop”, our product portfolio now encompasses an and leverages an E&P clients through their entire life cycle post exploration operations.

The financial highlights for the three months ended November 30, 2012 include;
Total revenues amounted to $1,529,585, a 37.6% increase or $418,030 over the comparative period that reported total revenues of $1,111,555.
Revenues for Powerwave and Primawave approximated $1,172,076 or 78.3% of revenues; whereas in the comparative reporting period, Powerwave and Primawave approximated $833,224 or 79.7%.
Revenue attributed only to Powerwave product lines were $1,119,070, an increase of $352,670 or 46.0% over revenues in the comparative period of $766,400. The Powerwave product line revenues can then be broken into short-term projects involving well stimulations and performance drilling, and long-term, mature field revitalization projects using Wavefront’s technology to maximize ultimate oil recovery in water or CO2 flooding applications.
For the three months ended November 30, 2012, the total revenues attributed to long-term, mature field revitalization Powerwave projects totalled $759,736. The Corporation also anticipates that as it has focused more resources on the more active international markets that Powerwave applications in mature field revitalization may grow faster in those regions.
For the three months ended November 30, 2012, the total revenues attributed to Powerwave well stimulation totalled $359,334, an increase of $317,867 or 766.6%, compared to $41,467 in the comparative period. There was a decrease in United States Powerwave stimulation revenues that is believed to be tied to client budgets for stimulation work being exhausted for the fiscal year; however, there was an offsetting increase of Powerwave stimulation revenues in Canada. The Company anticipates that the stimulation revenues in the United States may grow in subsequent reporting periods as budget restitutions are eased in the new calendar year.
For the three months ended November 30, 2012, the gross profit margin[1] for Powerwave was relatively stable at 83.4% compared to 84.9% for the comparative period. For the three months ended November 30, 2012, the gross profit margin for Primawave was also relatively stable at 90.6% compared to 93.5% for the comparative period. The high gross profit margin is attributable to the Corporation’s ability to leverage its technology while diversifying its product portfolio to oil well stimulations. It is believed that Powerwave performance drilling systems may achieve similar gross profit margins.
The basic and diluted net loss for the first quarter ended November 30, 2012 was $1,005,061 ($0.012 per share), compared to $991,160 ($0.012 per share) in 2011.
Total current assets decreased by $1,441,601 to $16,229,066 from the prior year end. Of the net decrease, $1,745,032 relates to decreases in cash, which is comprised of $568,178 in funds used in operations, $598,656 in changes in working capital and $578,198 in investments in Powerwave tools and related intangible assets.
The above financial highlights should be read in conjunction with the audited consolidated financial statements and management discussion and analysis of results for Wavefront for the first quarter ended November 30, 2012, which were filed on SEDAR on January 29, 2013.

Since the official November 2012 roll-out of the Corporation’s line of performance drilling tools Wavefront has continued to pilot test the tools in Canada and the United States as part of drilling the horizontal section of wells. With our marketing partners we have now moved into phase II piloting testing and are scheduled to run two, “thru-tubing” applications on coil tubing this week in Pennsylvania. This will be the first such tests of Wavefront’s performance drilling tools employed to increase the rate of penetration of the bit (or mill) while drilling out frac plugs and balls in horizontal well completions.

“We are pleased to see continued positive results and increased customer interest in Wavefront’s performance drilling tools and have increased the number of tools available for use in Canada and the United States to 20”, said Wavefront President and CEO Brett Davidson. “Wavefront remains on track with initiatives to refocus its marketing strategy and anticipates sales to grow across all focus areas.”


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[futrcash]

Great Product!

http://www.onthewavefront.com/htm/tech-papers/powerwave/brochures/WF-Horizontal-Brochure.pdf

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[futrcash]

Good Update-

http://www.onthewavefront.com/htm/investors/press-releases/2013/2012-12-21_Fiscal-2012-Financial-Results.pdf

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[futrcash]

Largest Colombian Oil Producer To Apply Powerwave - Ecopetrol Awards Wavefront With Contract Worth Approximately US $600,000

EDMONTON, Alta., December 06, 2012 Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; OTCQX: WFTSF) the global leader in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors is pleased to announce Colombia’s largest oil producer, Ecopetrol, has awarded Wavefront a contract worth approximately US $600,000 to implement Powerwave.

Ecopetrol is the largest petroleum company in Colombia and is one of the 25 largest petroleum companies in the world. Ecopetrol operates 163 production fields in Colombia, directly and/or in association with other important domestic or multinational operators.

The Powerwave project is being lead by the flow assurance group (GAF) of Ecopetrol and features another innovative development from Wavefront: a Pulsating Selective Waterflood Regulator Valve (PSWRV). Waterflood regulator valves are specially designed to ensure a steady flow of water is injected into a desired zone. This type of injection system is widely used in South America and Asia with as many as 21 such valves in a single completion. The new PSWRV system is designed to ensure seamless, continuous injection, enabling oil producing companies to maintain water injection rates and improve water distribution in the oil-bearing formation. Injection rates and water distribution are crucial for maximizing overall oil recovery.

“The Ecopetrol contract is another important international market development for Wavefront that includes Petrobras in Brazil; Petroleum Development Oman in Oman; as well as Pan American Energy and Pluspetrol in Argentina among others initiatives,” said Wavefront President and CEO Brett Davidson. “Our corporate vision, “From Bit to Last DropTM” encompasses Wavefront’s market focus and the continuous development of innovative fluid pulsating techniques to meet the diverse needs of our global client base.”
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 on the OTCQX under the symbol WFTSF. 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 [e-mail].


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[futrcash]

November 7, 2012



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Leading Business Executive Re-Joins Wavefront Board of Directors
EDMONTON, Alta., Nov 07/2012 Wavefront Technology Solutions Inc. (Wavefront or the Corporation, TSX-V: WEE; OTCQX: WFTSF) the global leader in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors is pleased to announce that Roger Kazanowski has re-joined Wavefront’s Board of Directors. Mr. Kazanowski brings a unique skill set to the Wavefront Board with a proven track record for building companies from product infancy to corporate divestiture, marketing as well as operations.

Mr. Kazanowski is a well-established businessman with an extensive background in business entrepreneurship. He began his career as an Automotive Designer at the Ford Motor Company but quickly chose a path of developing his own companies. He is the founder of Cambridge Products, Village Art Studios, Business Television Video, Burka Operating Companies and Airman Pneumatic Controls. Mr. Kazanowski has also been actively involved in the development of companies such as Triant Technologies, Integrated Business Systems, Buz.Fm, Premier Exhibitions and Wavefront. Mr. Kazanowski is actively involved in the Angel Investing Network, supports numerous non-profit organizations, and is currently an advisor to the University of Arizona Surgical Department and Research Center.

“I am very happy to re-join the Wavefront Board of Directors. The Gaffney-Cline report, as announced July 31, 2012, clearly demonstrates that the Corporation’s Powerwave technology successfully increased Estimated Ultimate Recovery of 5 Canadian oil fields and established Wavefront as a key player in the Enhanced Oil Recovery (“EOR”) sector,” said Mr. Kazanowski. “A strong presence in EOR combined with Management’s prudent undertaking to expand Wavefront’s product portfolio to establish a global presence in the oil well stimulation and drilling markets presents significant opportunity for Wavefront to grow revenue and shareholder value. I welcome the opportunity to assist Management as they continue to grow the Corporation in the years ahead.”

Wavefront Chairman Steve Percy commented, "We welcome Roger back to our Board of Directors. He has had a long involvement with the Corporation including a previous directorship as well as a more recent consulting relationship. Roger has a proven track record of helping companies grow from idea to success, and as Wavefront is in the stages advancing its strategy and moving to profitability, his guidance will be invaluable."

Wavefront also wishes to provide guidance related to Corporation’s strategy to leverage its extensive, wholly owned, intellectual property holdings based on dynamic fluid pulsing and offered to the user community under license/rental agreements. The strategy encompasses the life cycle of a client’s post exploration operations and consists of three primary focus areas: (1) EOR; (2) Performance Drilling (“PD”); and, (3) Well Stimulation.

1. EOR – Wavefront was founded on the premise that fluid pulsing would be a game changing technology for the oil industry to maximize overall recovery. An independent report by Gaffney-Cline and Associates as announced July 31, 2012 confirmed that the average increase in Estimated Ultimate Recovery to the time of the report averaged 2.56% for 5 Canadian projects (range from 0.7% to 7.4%). To place this current result into context, a BP report noted that worldwide, a 5% increase in oil recovery would yield an additional 300-600 billion barrels. The Corporation continues to place considerable resources on expanding the global use of Powerwave for EOR projects. Such resources and marketing efforts resulted in the Powerwave-driven EOR project with Petrobras Brazil announced July 30, 2012 in the approximate amount of $1.25 Million (compare this to the revenues of $2,086,296 recognized for the 9-months ending May 31, 2012). Wavefront anticipates further expansion of current projects as well as the addition of new projects throughout the fiscal year.

2. Performance Drilling – a recent addition to Wavefront’s product offering, this line of pulsed fluid vibration induction leverages the Bit Sub patent acquired in the Vortech intellectual property acquisition announced January 3, 2012. PD will initially focus on two main areas: (1) Thru Tubing (coil tubing) applications to aid in the rate of penetration of drilling out of cement plugs, milling out fracture plugs and balls from the hydraulic fracturing process, and the drilling out of precipitates such as barium sulphide, etc. and, (2) Vibration induction of the drill sting and bottom hole assembly. With the growing number of extended reach horizontal wells, vibration induction has become widely used as a result of its proven ability to dramatically reduce friction between the drill sting and rock face. This leads to overall improvements in weight transfer to the bit and improves rates of penetration and reduces non-productive time. Wavefront’s PD tool is differentiated from competitive approaches in that the size of the pulsing tool allows for the retrieval of downhole guidance systems without pulling the drill string. Wavefront believes this will make our PD tool the tool of choice in drilling extended reach horizontal wells.

3. Well Stimulation – well stimulation has seen an approximate 10-fold growth for the 9-month period ended May 31, 2012 compared to the comparative period in 2011 (i.e., May 2011 - $65,632 in revenues compared to May 2012 - $646,907 revenues). This includes the Corporations integration of the Vortech intellectual property acquisition combined with the introduction of new Powerwave well stimulation tools such as the modular rotary stimulation tool. Globally, well stimulation is a billion dollar per year industry as virtually all oil wells or injection wells require some form of stimulation in its lifecycle. Wavefront has, and will continue to work with producers, chemical, and service providers such as Weatherford, Schlumberger, and others to globally expand the use of Powerwave tools for well stimulation.

“Through this strategy to leverage Wavefront’s extensive intellectual property holdings we are well positioned for more growth as we demonstrate our ability to help clients increase revenues by enhancing production throughout the entire life cycle of their operations,” said Wavefront President and CEO Brett Davidson. “As we continue to expand in key markets around the globe we are confident that consistently generating positive results will further establish Powerwave and our other technologies as essential tools for oil producers of all sizes.”

On behalf of the Board Of Directors,

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and Director

About Wavefront:
WWavefront 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 on the OTCQX under the symbol WFTSF. 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 [e-mail]


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Petróleo Brasileiro S.A. (Petrobras) To Apply Powerwave

Wavefront Receives 12-Month Contract Worth An Approximate Us $1.25 Million
EDMONTON, Alta Aug 30, 2012- Wavefront Technology Solutions Inc. (Wavefront or the Company, TSX-V: WEE; OTCQX: WFTSF) the global leader in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors, is pleased to announce that Petrobras has awarded Wavefront a 12-month contract worth approximately US $1.25 million to implement Powerwave in the Riachuelo oil field in the State of Sergipe, Brazil.

With proven reserves of 15.71 billion barrels of oil, Petrobras is the largest company in Latin America; the 8th largest publicly traded company in the world; and, the world’s 5th largest integrated oil company. Petrobras represents 90% of Brazilian oil production, and 20% of global deep water and ultra deep water production.

“The Petrobras contract represents another significant international market development for Wavefront that includes Petroleum Development Oman in Oman; Pluspetrol and Pan American Energy in Argentina; Equion Energy in Colombia; and, Weatherford de Mexico (for Pemex) in Mexico. We are extremely pleased that Petrobras recognizes the strength of Powerwave to bolster production and add reserve barrels,” said Wavefront President and CEO Brett Davidson. “Wavefront is planning on the Petrobras Powerwave installations to commence fall 2012.”

On behalf of the Board Of Directors,

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“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 on the OTCQX under the symbol WFTSF. 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 [e-mail]

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[futrcash]

July 25th PR announcing a contract for an Additional 28 PowerWave Units for an established client!

POWERWAVE CLIENT EXPANDING IMPLEMENTATION BY 28 WELLS
EDMONTON, Alta July 25, 2012- Wavefront Technology Solutions Inc. (Wavefront or the Company, TSX-V: WEE; OTCQX: WFTSF), the global leaders in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors, is pleased to announce that a repeat Powerwave client has indentified and provided installation requirements for 28 new Powerwave-driven water injectors. The current implementation schedule is slated to commence fall 2012. A confidentiality agreement prevents the client’s name, terms and conditions, and field location from being divulged.
“Powerwave is a game changing technology that improves a producer’s oil production rates, extends field life, and maximizes asset value,” said Wavefront President and CEO Brett Davidson. “This 28 well Powerwave expansion is a clear demonstration of the producer recognizing Powerwave’s strengths in providing long-term production benefit towards increased estimated ultimate oil recovery.”
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO & 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 [e-mail]

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[sumisu]

Wavefront and VeruTEK Enter Into Agreement to Introduce Combined Technologies for Improved Oil Performance and Profitability

Sector Leaders Agree to Introduce Powerwave-Delivered Gas Generating Chemical System

http://finance.yahoo.com/news/wavefront-verutek-enter-agreement-introduce-205700420.html

Press Release: Wavefront Technology Solutions Inc. – 19 hours ago

EDMONTON, ALBERTA--(Marketwire -07/23/12)- Wavefront Technology Solutions Inc. (Wavefront or the Company) (WEE.V)(WFTSF), the global leader in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors, is pleased to announce that it has executed a Memorandum of Understanding (MOU) with VeruTEK® Technologies Inc. (VeruTEK, OTC Pink:VTKT) a U.S. based manufacturer of high performance, plant-based chemical solutions for the oil and gas and environmental sectors.

Wavefront and VeruTEK have demonstrated technological leadership in the energy and environmental remediation space by providing fluid delivery and chemical solutions which substantially improve permeability, fluid penetration depth, and fluid recovery from the reservoir. Wavefront and Verutek are now teaming to apply these technology platforms to enhanced oil recovery (EOR) and well stimulation approaches in heavy oil (cold and thermal applications); conventional; and tight reservoirs.

The use of VeruTEK GasGen™ environmentally-friendly fluids, delivered by Wavefront fluid pulsing, provides tremendous opportunity for improved production in many formations. The gas generation capability of VeruTEK chemistry is applicable to a broad range of brine concentrations due to the nonionic nature of the surfactant component and neutral range pH. The unique combination of in situ gas generation coupled with chemical treatment increases production through several mechanisms including addressing clays, blockages and increasing permeability.

Under the terms of the MOU VeruTEK may introduce Powerwave™ and Primawave™ as a highly differentiated alternative for injection and will provide assistance to Wavefront efforts to secure clients who use VeruTEK products and services. Wavefront may identify and engage prospects interested in a joint VeruTEK/Wavefront solution for enhanced oil recovery, well stimulation, and environmental applications. In the oil sector, Wavefront will resell co-branded VeruTEK products.

"VeruTEK has experienced excellent results working with Wavefront technology in remediation implementations and we look forward to partnering in oil and gas applications. The Wavefront dynamic injection approach is ideal for oil recovery revitalization, particularly when used with VeruTEK's innovative GasGen™ chemistry," said VeruTEK CEO Dan Socci.

"We are extremely pleased to have the opportunity to work with the team at VeruTEK, who are leaders in green chemical solutions," said Wavefront President and CEO Brett Davidson. "The MOU with VeruTEK forms part of the Company's strategy to leverage Powerwave and Primawave through strategic alliances in both the energy and environmental sectors. Wavefront is confident alliances will bring greater exposure to the field-proven technologies of both companies, as well as supplementary revenue streams," said Davidson.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & 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 on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.

About VeruTEK Technologies, Inc. (www.verutek.com ):

VeruTEK® is a green chemistry company that provides high performing chemical solutions to the oil and gas and environmental industries. The company has developed and patented, innovative gas generating chemicals to enhance formation permeability and hydrocarbon recovery. The VeruTEK technology platform addresses a broad range of applications including production stimulation, Enhanced Oil Recovery (EOR) and environmental remediation. VeruTEK is publicly traded in the United States under the symbol VTKT.

Cautionary Disclaimer - Forward Looking Statement

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", "believe", "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.
.
.
Contact:.
.

Wavefront Technology Solutions Inc.
Brett Davidson
President and CEO
780-486-2222
Wavefront Technology Solutions Inc.
D. Brad Paterson
CFO
780-486-2222
[e-mail]
www.onthewavefront.com
VeruTEK Technologies Inc.
Dan Socci
President and CEO
860-242-9800 x307
VeruTEK Technologies Inc.
Steve Resendez
Business Development Manager
860-242-9800 x307
www.verutek.com

[JB3729]

Potential new oil recovery method field tested

I'm not sure how this will affect Wavefront, but, interesting none the less:

Saudi Aramco’s EXPEC Advanced Research Center has embarked on a strategic research program tagged “SmartWater Flood” to explore the potential of increasing oil recovery from carbonate reservoirs by tuning properties of injection water (e.g., salinity, ionic composition, interfacial tension, and others).

http://www.pennenergy.com/index/petroleum/display/2190207927/articles/pennenergy/petroleum/exploration/2012/may/potential-new_oil.html?cmpid=EnlDailyPetroMay92012

JB

[sumisu]

Extending the Life of Oil Fields, Revitalizing Waterfloods Using Pulsed Injection

April 11, 2012

http://www.environmentalleader.com/2012/04/11/extending-the-life-of-oil-fields-revitalizing-waterfloods-using-pulsed-injection/


Brett Davidson
President & CEO
Wavefront Technology Solutions

It is anticipated that the average price at the gas pump in the US may climb as high as $5 per gallon by summer’s peak driving season. Understandably, many are worried that continuing turbulence in the Middle East could propel prices even higher. However, a process known as pulsed injection offers potential new life for US oil fields that were previously believed to be past their productive lifetimes, permitting additional barrels to be extracted domestically. In total, the US Department of Energy estimates that there might be as much as 430 billion barrels of oil that is technically recoverable in the US.

Before the development of pulsed injection, an oil company tasked with extracting additional oil from an older field would inject various fluids, mainly water, underground to help recover it—an operation known as secondary recovery. But there exists an overall drawback to this approach: Injected fluids have a tendency to seek the path of least resistance through porous media, tracing a different trajectory followed by the inaccessible oil and resulting in lower overall oil recovery rates.

In opposition to this conventional approach lies a process known as pulsed injection, which is comparable to what occurs when a kink is released from a garden hose. Specialized equipment oscillates the flow of water on and off, building up kinetic energy that will impel more water to come into contact with oil. Each surge of water and energy puts additional oil in contact with water when it might otherwise have stayed out of reach.

This process can enhance oil recovery using two main mechanisms: First, the pulsed injection of water overcomes the path of least resistance and enhances the so-called “finger density” of oil through the field. Second, the momentum of the pulsed fluid breaks up residual oil globules that exist underground. Both of these mechanisms make it far simpler for oil to be recovered from the field.

The potential prize of improving rates of recovery with pulsed injection is considerable. A one-percent increase in recovery equals 2 billion barrels of additional reserves globally; a five-percent increase in recovery—a conservative increase thought to be achievable—would produce an extra 300 to 600 billion barrels. Ultimately, the use of pulsed injection can result in enhanced oil recovery from a field of between 5 and 10 percent depending on reservoir conditions.

The use of pulsed injection processes similarly reframes the argument over “peak oil.” In his 2010 book When Oil Peaked, geologist Kenneth Deffeyes wrote that world oil production traces a bell-shaped curve, with the maximum occurring sometime within the last decade. The supergiant oil fields that supply much of our oil, he wrote, are aging and decreasing in production; furthermore, the oil fields we have found to date contain 95 percent of all the oil we will ever find. In making these points, Deffeyes was following the lead of his mentor, the “peak oil” pioneer M. King Hubbert.

Yet Deffeyes and all the other “peak oil” theorists who have emerged since Hubbert first published his claims in 1956 have failed to ponder one major influence on oil production: the advent of innovative technology. The fact is that continuing innovation in oil extraction, including the use of pulsed injection processes, offers fresh life for oil fields once believed to be depleted, making it difficult to identify a past or future “peak” in production.

A related application of pulsed injection is designed to aide in-ground environmental groundwater remediation cleanup strategies. This variant process has been shown to be a highly fruitful approach for introducing remedial fluids into aquifers. Verified as an effective environmental remedial strategy by Environment Canada’s Environmental Technology Verification Program, this process is capable of obtaining results that are unattainable by conventional injection methods. It helps treat environmental sites quickly and at minimal cost by broadly distributing remedial fluids throughout the aquifer.

The pulsating action forces remedial fluids into contaminated underground sites to effectively reach contaminates. The technology works within a wide range of soil and rock conditions and can access hard-to-reach locations, even under buildings. It offers several advantages in an environmental cleanup. First, it eliminates or greatly reduces problematic remedial fluid surfacing (daylighting) during injection. Second, the pulsating action produces a momentary expansion of the effective porosity, allowing injected fluid to enter pore networks not accessible to conventional pumping technologies. Third, the low-maintenance design of pulsed injection tools allows for on-the-fly adjustments to match site-specific characteristics. Finally, operators can use standard piping/fitting to connect pulsed injection tools between the injection pump and a standard injection well or direct push injection point.

In conclusion, pulsed injection processes can assist in maximizing ultimate oil recovery from existing and new oil fields and facilitating groundwater remediation efforts.

Brett Davidson is President and CEO of Wavefront Technology Solutions Inc., an Edmonton-based leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors. He can be reached at [e-mail].

[JB3729]

Powerwave Sales Video:

http://vimeo.com/37741875?utm_source=Degree+in+a+Day%3F&utm_campaign=You+Had+to+Be+There&utm_medium=email

Good stuff

JB

[futrcash]

PRESS RELEASE February 27, 2012


WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
OTCQX: WFTSF

For Immediate Release:
February 27, 2012



--------------------------------------------------------------------------------

Colombian Producer Equion Approves Powerwave Stimulations Wavefront To Conduct Five Single Well Powerwave Workovers
EDMONTON, Alta February 27, 2012- Wavefront Technology Solutions Inc. (“Wavefront” or the “Corporation”, TSX-V: WEE; OTCQX: WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, would like to announce that Equion Energia Limited will initially run 5 Powerwave stimulations in their Cusiana production field.

Equion is jointly owned by the Colombian oil and gas leader, Ecopetrol S.A., and Canadian producer Talisman Energy. Equion produces approximately 45 thousand barrels of oil per day and 270 million cubic meters of gas. Equion has proved oil reserves of 94 million barrels. Equion has reported that its goal in the next 10 years is to become the most important oil and gas producer in Colombia. To meet this challenge Equion is looking to apply the most innovative production technologies available in the industry and is planning to invest approximately US $2.5 billion during that time frame.

A single well stimulation, or workover, is a remedial operation performed on a producing well to restore or enhance productivity. In many instances a chemical is pumped into the well to stimulate the producing interval. However, during this operation the importance of placing the chemical efficiently is often underestimated. A single well stimulation is generally on the order of one day compared to flooding operations (i.e. waterflooding) that can last much more than a decade.

“Well stimulation is a multi-billion dollar per year global business and as the leader in injection technologies and processes there is considerable revenue potential for Wavefront in the stimulation market, said Wavefront President and CEO, Brett Davidson.” Wavefront is very pleased to add Equion as its first Colombian client and we are very confident that Powerwave will show significant economic benefit in both well stimulation and enhanced oil recovery operations. Wavefront embraces the opportunity to assist Equion in its efforts to become the most important oil and gas producer in Colombia.”

On behalf of the Board Of Directors,

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“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 Corporation’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 [e-mail]

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[futrcash]

PRESS RELEASE February 21, 2012


WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
OTCQX: WFTSF

For Immediate Release:
February 21, 2012



--------------------------------------------------------------------------------

Wavefront Announces Fiscal First Quarter 2012 Results
EDMONTON, Alta February 21, 2012- Wavefront Technology Solutions Inc. (“Wavefront” or the “Corporation”, TSX-V: WEE; OTCQX: WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, announces its financial results for the first quarter ending November 30, 2011.

Financial results include:


Revenues for the three months ended November 30, 2011 were $1,111,555, an increase of $241,883 over the comparative period in 2010 that recognized revenues of $869,672 ;
Gross quarterly revenues for the first quarter ended November 30, 2011 for Powerwave approximated $766,400 or 73.4% of core revenues; whereas in the comparative reporting period, Powerwave approximated $399,862 or 49.5% of core revenues; and,
Revenues attributed to Powerwave increased by 91.7% or $366,538 from the comparative period ended November 30, 2010 to $766,400.
The basic and diluted net and comprehensive loss for the period ended November 30, 2011 decreased by $478,437 to $991,160 ($0.01 per share), compared to $1,469,590 ($0.02 per share) in 2010 representing a 32.6% decrease in net losses.

The above financial highlights should be read in conjunction with the unaudited consolidated financial statements and management discussion and analysis of results which have been filed on SEDAR.

The following non-financial highlights and initiatives occurred during and subsequent to the fiscal first quarter 2012:

The Corporation engaged Casimir Capital LP, who will serve as Wavefront’s Principal American Liaison on OTC market, and commence trading on the prestigious tier, OTCQX International.
The Corporation installed an initial 4 of 6 Powerwave systems with Petroleum Development Oman (“PDO”) in the Sultanate of Oman. PDO is the leading exploration and production company in Oman, producing approximately 70% of the country’s crude oil production. PDO is owned by the Government of Oman, Royal Dutch Shell, Total, and Partex. Subsequent to the reporting period, Wavefront completed installation in PDO.
The Corporation acquired the intellectual property of Vortech Inc., a private company in Midland, Texas. The Company acquired patents that will provide a complementary pulsating technology to Powerwave. Vortech’s tools produce higher frequency fluid pressure waves that are better suited to remove near wellbore impediments and improve drilling operations. The acquisition of Vortech’s intellectual property will broaden Wavefront’s fluid injection technology portfolio and capabilities.
The Corporation believes that based on Wavefront’s suite of technologies, patents, know-how, the Powerwave brand name, and the recently acquired Vortech patents and brand name, we are well-positioned to take advantage of vast market opportunities related to well stimulation and enhanced oil recovery. With increased credibility associated with positive production and financial results at multiple client locations we anticipate the sales cycle for the Powerwave enhanced oil recovery market to decrease with time..

On behalf of the Board Of Directors,

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“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 Corporation’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 [e-mail]


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PRESS RELEASE


WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
OTCQX: WFTSF

For Immediate Release:
January 26, 2012



--------------------------------------------------------------------------------

Wavefront Technology Solutions Inc. Starts Up Powerwave Installations With Petroleum Development Oman (PDO)
EDMONTON, Alta January 26, 2012- Wavefront Technology Solutions Inc. (“Wavefront” or the “Company”, TSX-V: WEE; OTCQX: WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that the much anticipated Powerwave installations with Petroleum Development Oman (PDO) previously announced April 11, 2011 have started effective January 24, 2012.

PDO is the leading exploration and production company in the Sultanate of Oman producing approximately 70% of the country’s crude oil production. PDO is owned by the Government of Oman, Royal Dutch Shell, Total, and Partex.

“PDO is the established leader in technology development and application for enhanced oil recovery in the region of Middle East North Africa (MENA). The Powerwave project with PDO represents one of the highest profile opportunities for Wavefront to date. All oil producers in the MENA region will be closely monitoring the project and its results. We are highly confident Powerwave will deliver the production results generated elsewhere and will open new opportunities with other clients in the MENA region”, stated Wavefront President and CEO, Brett Davidson.

On behalf of the Board Of Directors,

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

“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 Corporation’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 [e-mail]

futr

[sumisu]

Wavefront Completes Intellectual Property Acquisition of Midland, Texas Based Vortech Inc.

Now - Marketwire via Comtex

1 days 5 hours 6 minutes ago - Marketwire

Wavefront Technology Solutions Inc. ("Wavefront" or the "Corporation") (TSX VENTURE: WEE), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce it has completed the acquisition (the "Acquisition") of the intellectual property of Midland, Texas based Vortech Inc., an arm's length, privately held company owned and operated by Mr. Rex Dodd. The Acquisition brings to Wavefront technology and qualified people who have developed a successful presence in an important market with an active customer base.

Vortech has been in operation since 1997 as an oil field service provider, operating primarily in Texas and California. Vortech offers rental of down-hole pulsating jet tools used for cleaning up well bore damage, stimulation of production or injection wells, and improving the drilling rate of penetration of drill bits.

The Acquisition provides complementary pulsating technology and associated intellectual property patents. Vortech's tools produce significantly higher frequency fluid pressure waves than Powerwave devices. Powerwave devices are designed to improve distribution and achieve deep penetration of fluid into the reservoir, while Vortech's devices have marginal control over fluid distribution in the reservoir and are better suited to remove near wellbore impediments and improve drilling operations. The two approaches broaden Wavefront's fluid injection technology portfolio and capabilities.

Key technologies acquired through the $4 Million United States Dollars (US $4,000,000) cash Acquisition include:

-- Pulsating Jet Tool (PJT). The PJT can be run on coil tubing or
conventional tubing. It can be used in tubing, cased hole, and open hole
wells. A horizontal fluid vortex is formed inside the PJT, producing a
pulsating fluid upon exiting the tip. The PJT effectively cleans up the
wellbore and stimulates the reservoir, all in one run.

-- Self Adjusting Nozzle (SAN) Tool. The SAN can be run on coil tubing or
conventional tubing. It can be used in tubing, cased hole, liners,
screens and open hole wells. The SAN is able to adjust its pulsating
fluid from multiple ports or to a single port depending on what is
encountered down hole. For example, if the SAN encounters hard scale or
a blockage, the tool will collapse and shut off the back and side ports
to direct greater energy toward the front port. As the nozzle eliminates
the hard scale or blockage the SAN hydraulically reverts back to a
multiple port configuration.

-- Pulsating Bit Sub Tool (PBS). The PBS is positioned in the drill string
directly above the bit. A horizontal fluid vortex is formed inside the
bit, producing a pulsating fluid upon exiting the bit. Increased
drilling rates of penetration are achieved from a higher impact pressure
created by the pulsating jet stream. The PBS assists in the break-up of
hard brittle material as well as enhancing the cleaning of debris from
the bit face and hole bottom.


The Acquisition is viewed to be a positive growth opportunity and further position Wavefront as the leader in differential fluid flow technology. These opportunities include:

-- Potential to increase Wavefront's current revenue stream by expanding
the geographical marketing extent of the Vortech stimulation approach
including an immediate opportunity in the Western Canadian Sedimentary
Basin.

-- Devices that allow entry to complex well completions that otherwise
cannot be accessed with current Powerwave equipment for well stimulation
purposes.

-- The PJT will allow Wavefront to further integrate the benefits of fluid
pulsing with Wavefront's Shark Pump product, thereby potentially
expanding its market potential.

-- A suite of tools that can be used in certain environmental groundwater
remediation applications.

-- Entrance of Wavefront into the global drilling and completions market
with the addition of the PBS. As all drilling operations utilize some
form of bit sub there is a large potential global market for the PBS.


Vortech's management reported unaudited, consolidated revenue of US $736,781 for the nine (9) months ended September 30, 2011. For the period ended December 31, 2007 to September 30, 2011 Vortech's management reported, unaudited, consolidated average annual revenue of US $1,125,001.

Concurrent with the Acquisition, Wavefront extended employment offers to all Vortech personnel and is moving quickly to establish a new office and warehouse in Midland, Texas managed by Mr. Dodd. The addition of Mr. Dodd and his experienced and respected team provides Wavefront with:

-- Instantaneous Wavefront presence in the West and East Texas market with
the expectation to grow Powerwave sales; and,

-- Contact with sixty four (64) companies and the opportunity to continue
to provide cost-effective solutions to established clients.


"We are very pleased to have completed the strategic acquisition of Vortech's proven suite of technology and the addition of Rex Dodd and his team to Wavefront", said Wavefront President and CEO, Brett Davidson. "Vortech's fluid pulsing tools will further cement Wavefront's position as leaders in differentiated fluid flow approaches for well stimulation and flooding applications to maximize oil recovery. We will continue to evaluate companies and technologies that supplement Wavefront's business model and we will always be prudent and disciplined before we invest."

"Wavefront is establishing a global network of distributors to serve the growing market for cost-effective solutions to increase oil recovery," said Vortech President Rex Dodd. "With Vortech added to the equation, Wavefront can provide pulsating technology from drilling all the way through completion and production. We are glad to be part of the Wavefront team, and to be building leading edge production and drilling solutions together with pulsating technologies."

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & 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.

Cautionary Disclaimer - Forward Looking Statement

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", "believe", "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.
Contacts:
Wavefront Technology Solutions Inc.
Brett Davidson
President and CEO
780-486-2222
[e-mail]

Wavefront Technology Solutions Inc.
D. Brad Paterson
CFO & Director
780-486-2222
[e-mail]
www.onthewavefront.com



SOURCE: Wavefront Technology Solutions Inc.
mailto:[e-mail]
mailto:[e-mail]
http://www.onthewavefront.com

[futrcash]

Nice Close @ HOD!

chart



futr

[futrcash]

Website temporarily offline for maintenance-

Might there be some pertinent updates being prepared?

futr


http://www.onthewavefront.com/

[teq0904]

I have had Wavefront for a few years and got it from his site.

[JB3729]

Hi teq0904,

First let me correct myself. Letourneau states: Big picture, roughly a third of the oil that has been discovered has been produced.

I'll ask him to answer your question. I sent him an email regarding Natcore. He answered that he was aware of Natcore and has it on his watch list. At that time he put me on his email list.

Here is his whole email that includes Wavefront. His address is [e-mail]:





Dear Jim,

I want to wish a Happy New Year to everyone. I'm not making any predictions for 2012. I think I'll make that my New Year's resolution and kill two birds with one stone!



I was recently interviewed by the Streetwise Energy Report where I discussed my favorite big picture trends in oil and gas (shale oil, shale gas and EOR).






==============================

Gold and Graphite



Strike Gold (SRK.V) is currently exploring exploring its Satterly Lake project in NW Ontario. Previous drilling intersected of up to 1.37 grams per tonne gold over 117 meters.

Strike is also aggressively exploring two recently acquired North-Central Saskatchewan projects.

www.strikegoldcorp.com


==============================

The Energy Report: Jim, in a nutshell what is the big picture in the oil and gas space right now?

Jim Letourneau: Despite a big renewable trend, oil and gas are still critical to world energy markets. We will need both for the foreseeable future, at least the next decade.

TER: You recently wrote about fear paralyzing the market. What effect is fear having on you as a newsletter writer?

JL: When people are scared, they want dividends, U.S. dollars and precious metals. No matter how interesting or exciting the company is, in a really strong bear market it will not matter unless the assets are productive today. People will look at a mine that is in production and has cash flow. A project that involves lots of drilling to build out a deposit is a tougher sell.

Most newsletter writers, myself included, do not like talking about companies whose stocks do not appreciate. Fewer people want to be invested in the stock market because they don't see why they should be. However, even that can be an opportunity. When people are fearful, sometimes the market can turn and have a really nice run. If we do not have new lows over the next couple of months and the trend changes, we would hypothetically be able to enjoy that for quite some time.

TER: Some oil and gas companies are boosting dividends in an effort to get attention in the market. Do you expect that to continue?

JL: That is a way of showing off, of saying "Look, we are so comfortable with our business model that we can afford to pay out dividends." If there is a bull market in dividend-paying stocks, there also could be a time when that popularity will end. It could be just a passing phase.

TER: But it does provide a bit of flexibility: A company can increase or decrease its dividend. It is one of the cards a company can play if it has a lot of free cash flow.

JL: Exactly. Some of the major gold producers are increasing their dividends. Everything else being equal, I would rather have a dividend from a gold producer than from a financial institution. Banks will tell you everything is great until the day before they collapse. If people are looking for dividend-paying stocks, at least gold mines or oil and gas companies have productive assets; they produce something of value. That's where I would concentrate.

TER: That seems to be where the Chinese are concentrating. Sinopec just bought Daylight Energy Ltd. (DAY:TSX) for a little more than $10 a share, more than double the closing price the day before the bid. Do you think China will continue to turn its dollars into hard assets while dollars still have value?

JL: The short answer to your question is yes. China is making acquisitions all over the world every day of anything that is productive.

It tells you something about the state of the market that Canadian investors thought Daylight was worth less than $5/share and China waltzed in and paid $10 without any haggling at all. This was an opportunistic move by Sinopec.

Chinese companies have taken the clever strategy of going for lesser-tier companies. If they go for a bigger one, they will take a minority interest so it is not seen as a takeover.

TER: What did Daylight have that the Chinese wanted?

JL: Daylight has oil, natural gas and high-content natural gas liquids in a few different plays in western Canada. The Chinese are buying companies with the potential for productive assets.

I think China also has a very long-term horizon concerning its energy policies. The country is willing to invest in the long term over a broad portfolio of energy sources. The Chinese know that all the investments may not all work out, but they can afford to do it.

We are still building out the capacity to export natural gas from North America. If that happens, our low-price North American natural gas will be very attractive to China.

TER: At a recent investment conference in Montreal, you told the audience about three "game changers" in the oil and gas space: shale oil, shale gas and enhanced oil recovery (EOR). Can you please give our readers the nuts and bolts of your presentation?

JL: All three of those things involve new technologies that are squeezing more oil out of the ground than we ever thought possible.

In terms of shale oil, the best example is the Bakken in North Dakota and Saskatchewan, and possibly Montana and Southern Alberta. The Bakken really changed the oil and gas landscape in North America to the point of using trains to transport gas from North Dakota to Texas. And there are a lot of other source rocks that have the same characteristics and will be developed over time.

Shale gas was actually the first big game changer. Five years ago we were building natural gas import terminals because we thought we would run out of domestic natural gas. Today, North America has the cheapest natural gas in the world and we are building export terminals. It started in Texas, in the Barnett Shale. For every argument that says shale gas will not work, there are arguments that say it will. A lot of the technical problems that exist today will be solved in the not-too-distant future. That is one of the reasons I am not a huge believer in peak oil; yes, you can extrapolate present-day trends, but you cannot predict what human innovation will come up with to increase supply.

That leads to the third category, which is enhanced oil recovery. Big picture, roughly a third of the oil that has been discovered has been produced. Getting the next third out will take some innovation. There are a lot of interesting technologies in EOR that make it quite likely that the next third will be produced. Recovery factors can move up from 33% to 50% or 60%.

TER: I see your point on shale oil and EOR. But gas prices on the NYMEX are at record lows. Very few companies can make money at that level. The only shale-gas companies seeing an uptick in their share price deal with natural gas storage, and they are running out of places to put it. How can an investor make money in shale gas?

JL: There are two sides to the story. First, abundant, cheap shale gas is good for consumers of natural gas. Second, all commodity bull markets end.

Natural gas is not the best place to invest, but, it does point to the opportunities. The service companies that unlock the shale gas are doing fairly well. I suggest that people look not so much at the producing side but more on natural gas being used as transportation fuel. Some petrochemical industries and the steel industry will benefit from cheap natural gas. So, you have to be a little bit nimble.

TER: Could you give our readers a name or two in the shale-oil space?

JL: I really like Shoal Point Energy Ltd. (SHP:CNSX) because not too many people pay attention to the company. It discovered Green Point, an oil-in-shale play in Port au Port Bay in western Newfoundland. The Green Point shale can be over 2,000m thick, compared to the Bakken, which is typically 30m thick. The extra thickness really changes the amount of oil per section. Shoal Point has an oil-in-place number of at least 100 billion barrels, calculated from volumetrics. Production will be the challenge, but that is just too big a resource to ignore.

TER: The company also has the Ptarmigan oil-in-shale play in Newfoundland and the South Stoney Creek gas play in New Brunswick. How is Green Point progressing?

JL: There was a delay for further testing and Shoal Point had to wait for permits. Investors got a little discouraged because everybody wants results right away, and the share price languished.

Now, the company has the permits and will deepen the well and test it soon.

TER: In other Newfoundland oil projects, the provincial government has wanted a piece of the action. Does the government have a piece of this?

JL: I'm not sure. But, I cannot imagine Newfoundland not having a royalty interest because that is typically how we do things.

TER: Are there other shale oil plays?

JL: There are a lot in the Alberta Bakken, in Montana and southern Alberta, where that play has yet to really ignite and catch on fire. Companies are also looking in the Duvernay in Alberta. That is a deeper, Devonian shale that sourced a lot of the Leduc oil.

TER: Do you have any names in the shale gas space?

JL: Given that the price of that commodity keeps dropping, one way to play shale gas is through service companies. GasFrac Energy Services Inc. (GFS:TSX) has gotten a lot of attention for using gelled propane as the carrier fluid instead of water.

There has been a lot of concern about the use of water in fracking. Very few people realize that most oil and gas production in North America involves about 10% oil and 90% water.

People like GasFrac because it does not use water. But more importantly, in certain types of formations having a liquid hydrocarbon that changes to the gas phase when the pressure drops helps avoid the formation damage and other problems that can happen when you use a massive water-based frack.

TER: In terms of enhanced oil recovery, what names are you following?

JL: There are very few specific companies; usually it is an oil company with a project. One that I have been following for a long time, and worked for, is Wavefront Technology Solutions Inc. (WEE:TSX.V).

All versions of EOR involve injecting a fluid. It could be water, CO2, chemicals or nutrients. The more uniform and evenly distributed those fluids are, the better the process will work. Wavefront has patented an injection process that provides that uniform fluid distribution.

The company is not quite profitable yet, but the growth will come quickly from its Powerwave application for EOR.

TER: Wavefront now has a market cap of around $68 million (M). It would not take long for a major producer to get older assets to market if this technology works as well as you suggest.

JL: The biggest upside for oil companies using the technology is that they can increase their reserves without infill drilling. The oil industry does not just jump and try new technology; it likes to see some proof. Wavefront now has proof. The longest Powerwave installation is over four years old. It has numerous case studies that document how the technology works and how it makes money for the client. It has made the transition from an unproven technology to a proven technology. It is now a commercial technology with a lot of upside.

Wavefront is essentially a technology company that licenses its technology to oil companies. Wavefront will not have a lot of additional expense to sell 100 tools or 150 or 200. The scalability is exciting.

TER: If a major can apply that technology in its old basins, it would not take long to reach perhaps, $70M worth of oil.

JL: Definitely. Of course it depends on the size of its fields, but increasing ultimate production by 5-10% provides some big numbers. More and more people are seeing exactly that. Wavefront could become a takeover target. The company has roughly $24M in cash. It has a lot of staying power.

TER: Jim, what should investors be keen on in the oil and gas space in 2012?

JL: I would still look to oil and gas service companies with the right technology. Shale gas fracking companies are interesting plays to look at.

I would not be too excited about natural gas producers. Those producers who are moving toward liquid rich natural gas are a little more interesting.

Overall in the oil space, the only thing that would move oil prices any higher would be severe geopolitical tension. And I wouldn't be shocked to see some unpleasant geopolitical tension in 2012. Economic news is creating tension all over the world. When that happens it's usually pretty bullish for energy prices.

TER: Jim, thank you for your time and insights.

JB

[teq0904]

Does Letourneau have an answer to why big companies like Encana and Penn West only use it on 1 project each? Encana has used it at Wainright for 2 or more years now.

[JB3729]

It's good to see all of the new customer announcements and that only 2/3 of the oil is pumped out by conventional means.

JB

[futrcash]

Welcome aboard JB! I believe we're still early to the Party here-

I'm of the opinion that Wavefront is fast approaching critical mass and will become cash flow positive in 2012-

There are several Major Oil companies including the National Oil Company of Oman currently testing our technology,once they're on board this company's becomes World News.

Currently its flying below the radar-

futr

[JB3729]

Hello futrcash and sumisu!

I didn't realize you guys were here until I checked out the board this past weekend. I recieved an email Friday that dicusses WFTSF. Possitive write-up. I bought a starter position today.

Part of an email from Jim Letourneau:

TER: In terms of enhanced oil recovery, what names are you following?

JL: There are very few specific companies; usually it is an oil company with a project. One that I have been following for a long time, and worked for, is Wavefront Technology Solutions Inc. (WEE:TSX.V).

All versions of EOR involve injecting a fluid. It could be water, CO2, chemicals or nutrients. The more uniform and evenly distributed those fluids are, the better the process will work. Wavefront has patented an injection process that provides that uniform fluid distribution.

The company is not quite profitable yet, but the growth will come quickly from its Powerwave application for EOR.

TER: Wavefront now has a market cap of around $68 million (M). It would not take long for a major producer to get older assets to market if this technology works as well as you suggest.

JL: The biggest upside for oil companies using the technology is that they can increase their reserves without infill drilling. The oil industry does not just jump and try new technology; it likes to see some proof. Wavefront now has proof. The longest Powerwave installation is over four years old. It has numerous case studies that document how the technology works and how it makes money for the client. It has made the transition from an unproven technology to a proven technology. It is now a commercial technology with a lot of upside.

Wavefront is essentially a technology company that licenses its technology to oil companies. Wavefront will not have a lot of additional expense to sell 100 tools or 150 or 200. The scalability is exciting.

TER: If a major can apply that technology in its old basins, it would not take long to reach perhaps, $70M worth of oil.

JL: Definitely. Of course it depends on the size of its fields, but increasing ultimate production by 5-10% provides some big numbers. More and more people are seeing exactly that. Wavefront could become a takeover target. The company has roughly $24M in cash. It has a lot of staying power.

All the best,

JB

[futrcash]

Bullish Chart!



futr

[futrcash]

Strong as a Bull!

futr

[J-Money99]

Not only that, but the technical side is screaming BUY!

GO WFTSF!

[futrcash]

Good Question-

It remains an underfollowed opportunity.

Once ALL of the Major waterfloods are using this technology there'll be a lot of people kicking themselves when they see they could have bought this for under a dollar-

imo

futr

[J-Money99]

why is this board dead? this stock seems to have been doing fairly well recently...

[sumisu]

Wavefront Engages Casimir Capital L.P. as Principal American Liaison

19 hours 25 minutes ago - Marketwire via Comtex

http://finance.yahoo.com/q?s=WEE.V

Wavefront Technology Solutions Inc. ("Wavefront" or the "Corporation") (TSX VENTURE: WEE), the leader in fluid injection optimization for maximizing reservoir oil recovery, is pleased to announce that it has engaged Casimir Capital L.P. of New York, New York to act as the Corporation's Principal American Liaison, responsible for providing guidance on OTCQX requirements, in connection with the Corporation's planned listing on the International OTCQX.

OTC Markets Group Inc. provides the inter-dealer electronic quotation and trading system in the over-the-counter ("OTC") securities market. OTCQX is the premier tier of the OTC market, and offers international companies a visible presence in the United States of America ("U.S."), without the duplicative regulatory burdens of a traditional U.S. exchange listing. The International OTCQX is not a stock exchange, stock market or regulated market. International OTCQX is comprised of a community of public issuers with sound operating businesses that have agreed with Pink OTC Markets and each other to provide accurate, timely and reliable information to U.S. investors. The Corporation's planned application to the International OTCQX is by no means assured, and all required listing requirements must first be met before a listing may be granted. Wavefront's shares will continue to trade and will remain listed on the TSX Venture Exchange in Canada under the symbol "WEE".

Wavefront President and CEO Brett Davidson commented: "we hope that the planned OTCQX listing will assist in the liquidity for our U.S. shareholders and provide Wavefront more exposure to U.S. investors, while Wavefront continues its commercial progress."

In connection with the current trading activity and price increase, management is not aware of any other material undisclosed information.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & 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 Corporation's website is www.onthewavefront.com.

Cautionary Disclaimer - Forward Looking Statement

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", "believe", "continue" or the negative of these terms or other comparable terminology. Examples of such forward-looking statements in this news release include, but are not limited to, expectations as to the planned listing of the Corporation on the OTCQX and that such listing if achieved will bring greater liquidity to U.S. investors. 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 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 conditions and general economic, market or business 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Wavefront Technology Solutions Inc.
Brett Davidson
President and CEO
780-486-2222
[e-mail]

Wavefront Technology Solutions Inc.
D. Brad Paterson
CFO
780-486-2222
[e-mail]


SOURCE: Wavefront Technology Solutions Inc.

mailto:[e-mail]

[chilar4567]

futr, no PM privileges. Looks like you have a tiger by the tail.
thx for headsup. Dry powder extremely limited. Up to arse & elbows elsewhere.
GLTY

[futrcash]

This chart is getting really interesting!




futr

[futrcash]

Not sure if you've seen this?

http://player.vimeo.com/video/29363515?title=0&byline=0&portrait=0&TB_iframe=true&width=720&height=540

futr

[sumisu]

So the market tanked today and Wavefront continues climbing!!!

sumi

[futrcash]

Wavefront up >50% past 3 Trading Days!

On no News-

futr

[futrcash]

Big Volume Pop Today-without News!?

Happy to have been buying the past couple of weeks!

futr

[futrcash]

Great Writeup-

http://www.onthewavefront.com/wp-content/uploads/2011/08/Scandinavian-Gas-and-Oil-Final-August-2011.pdf

futr

[futrcash]

Thanks for passing on that video of the Conference Presentation-

New Corporate Presentation-

http://www.onthewavefront.com/wp-content/uploads/2011/10/Wavefront_Presidents_Club_Pres-Oct-2011.pdf

futr