Last C$0.16 CAD
Change Today +0.005 / 3.23%
Volume 5.5K
WEE On Other Exchanges
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As of 9:30 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

wavefront technology solutio (WEE) Snapshot

Open
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52 Week High
01/15/14 - C$0.38
52 Week Low
10/17/14 - C$0.14
Market Cap
13.3M
Average Volume 10 Days
75.9K
EPS TTM
C$-0.05
Shares Outstanding
83.0M
EX-Date
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Current Stock Chart for WAVEFRONT TECHNOLOGY SOLUTIO (WEE)

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wavefront technology solutio (WEE) Details

Wavefront Technology Solutions Inc. designs, develops, and licenses technologies for oil well stimulation, secondary oil recovery, and environmental groundwater remediation applications in the United States and Canada. The company offers Powerwave process, an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock; and Primawave process, a method for aiding in-ground environmental groundwater remediation clean-up in contaminated sites. It also develops oil and gas properties, as well as rents tubing pumps and bailers for oil field applications. The company was formerly known as Wavefront Energy and Environmental Services Inc. and changed its name to Wavefront Technology Solutions Inc. in March 2009. Wavefront Technology Solutions is headquartered in Edmonton, Canada.

Founded in 1980

wavefront technology solutio (WEE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$275.0K
Chief Financial Officer, Secretary, Treasurer...
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2013.

wavefront technology solutio (WEE) Key Developments

Wavefront Introduces New WaveAxe(TM) Stimulation Approach for Steam Assisted Gravity Drainage Well Pairs

Wavefront Technology Solutions Inc. announced it has entered into a technology co-ownership agreement with a Canadian integrated energy company to adapt existing Powerwave technology for SAGD operations. Wavefront and the Canadian integrated energy company have filed two patent applications related to the new stimulation approach, which accelerates communication between a SAGD well pair to reduce the time between well drilling/completion and well production. Under the terms of the agreement, Wavefront and its partnering companies will be the sole providers of the technology to SAGD operators in the Western Canadian Sedimentary Basin. Pilot testing of the SAGD well pair stimulation approach will commence once all engineering facets of the technique have been completed, the appropriate well candidates identified by the operators, and a rigorous monitoring program defined to assess efficiency and future works.

Wavefront Technology Solutions Inc. Announces the Commencement of Ecopetrol $1.3 Million Powerwave Project

Wavefront Technology Solutions Inc. announced the commencement of the approximate $1.3 million Ecopetrol contract. This is Wavefront's second Powerwave project with Ecopetrol. The installation of the 22 Powerwave pulsating selective waterflood regulator valves installed in 7 wells with Ecopetrol means that Wavefront will commence revenue recognition on the majority of the project. This second Ecopetrol project also features the installation of two conventional Powerwave waterflood tools in one well, and three Powerwave single well stimulations. The waterflood tool installation and single well stimulations are anticipated to be completed the later part of summer 2014.

Wavefront Technology Solutions Inc. Reports Earnings Results for the Nine Months Ended May 31, 2014

Wavefront Technology Solutions Inc. reported earnings results for the nine months ended May 31, 2014. For the nine months, the company reported basic and diluted net loss, before the non-cash impairment loss was $2,866,714 or $0.035 per share, a decrease of $466,787 from the comparative period in 2013 of $3,333,501 or $0.040 per share. The basic and diluted net loss, including the non-cash impairment loss was $4,205,298 or $0.051 per share compared to $3,333,502 or $0.040 per share in 2013. Cash used in operating activities was $587,066 compared to $423,039 for the comparative period. Total revenues were $1,499,056 a decrease of $159,965 over the comparative revenues of 2013 of $1,659,021.

 

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