bros and sis, oil tech company, wavefront, WEE, got hammered, hammered, hammered. Now they are hammering back with awesome after market news.
weatherford is at the door. Peace.
Wavefront to provide Weatherford with Powerwave
2013-11-06 18:12 ET - News Release
Mr. D. Brad Paterson reports
WEATHERFORD COLOMBIA TO EMPLOY POWERWAVE STIMULATION METHODS; WAVEFRONT RECORDS NUMBER OF WELL STIMULATIONS
Wavefront Technology Solutions Inc., through its marketing agent, has entered into an agreement with Weatherford Colombia Ltd. 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 multipatented 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 chief executive officer 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."
We seek Safe Harbor.