Pan American Energy Awards Wavefront US $533,000 Powerwave Contract
19 Februar 2014 - 10:37PM
Marketwired
Pan American Energy Awards Wavefront US $533,000 Powerwave Contract
Renewal and Expansion of Current Powerwave Program from
Argentina's Second Largest Oil Producer
EDMONTON, ALBERTA--(Marketwired - Feb 19, 2014) - Wavefront
Technology Solutions Inc. (Wavefront or the Corporation)
(TSX-VENTURE: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 announce that Pan American Energy LLC,
("PAE") has awarded Wavefront (through its Agent, Chilicote) a
renewed, twelve month, Powerwave contract worth approximately US
$533,000.
The contract renewal with PAE is for the Los Flores Norte -
Cerro Dragon field in Argentina and expands the existing project
from 3 to 7 Powerwave-driven water injectors.
"We are very pleased in the confidence PAE continues to place in
Powerwave to deliver production related results and we look forward
to a long term collaborative relationship with Argentina's second
largest oil producer," said Wavefront President and CEO Brett
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.
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.
©2013 Wavefront Technology Solutions Inc. All rights reserved.
From Bit To Last Drop™, Powerwave™ and Primawave™ are registered
trademarks of Wavefront Technology Solutions Inc. Privacy
Statement:
http://www.onthewavefront.com/policies/privacy-statement/
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.
Wavefront Technology Solutions Inc.Cora KleinCommunications
Co-ordinator780-486-2222 ext.
229investor.info@onthewavefront.comwww.onthewavefront.com
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