EDMONTON, ALBERTA--(Marketwire - 11/08/10) - Wavefront Technology Solutions Inc. ("Wavefront" or the "Company") (TSX-V:WEE - News) (PINK SHEETS:WFTSF - News), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater is pleased to announce that Alberta based TriAxon Oil Corp will deploy six Powerwave systems to increase water injection rates and unlock more oil from its production operations. Under the terms of the agreement the field location and financial terms cannot be released.
"We are very excited about this opportunity to demonstrate to TriAxon how the Powerwave-driven flooding approach will unlock oil from tight porous rock that may otherwise have remained stranded" said Wavefront President and CEO, Brett Davidson. "One of Powerwave's strengths is its multiple tool designs, which allow it to carry out operations across a wide and varied range of reservoir conditions. Powerwave is also more efficient than traditional flooding methods and has a growing track record of improving production rates and slowing production decline."
"We believe significant upside exists with the introduction of non-steady state and transient injection to existing enhanced oil recovery schemes" said TriAxon Vice President of Engineering, Michael Scase.
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 http://www.onthewavefront.com.
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