Wavefront Technology Solutions Inc., the global leader in the advancement of dynamic fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil (“IOR/EOR”) recovery is pleased to announce the Company, through its local distributor, has commenced the previously announced Powerwave well stimulation campaign in India.
The 10-well stimulation campaign involving both water injecting and oil producing wells has an approximate value of US $258,000. A post-Powerwave stimulation injection test completed on the first water injection well indicated that the water injection rate exceeded previous stimulation outcomes which utilized other methods but the same chemical formulations. An additional four wells have been modeled and operationally programmed to be completed. Mobilization of equipment for a second Powerwave-driven acid stimulation is on-going.
“We are happy to have started the Powerwave program in India and are very pleased with initial results on the water injection well,” said Wavefront President and CEO, Brett Davidson. “We continue to receive international interest for Wavefront’s leading edge Powerwave custom stimulation approach and believe the Company will be adding to its growing roster of distributors in key oil-producing regions in the near term.”
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.
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