bros and sis, here's the news from the agm which poster mikhal gave. The Weatherford and SCH is something to look forward to. They have qualified sales people who could make things happen. Peace.
I and a couple of other larger shareholders did attend in Toronto as we did in Calgary last year. I also attended a presentation the company put on yesterday in Charlottetown for investors, brokers and interested parties.I believe that all who attended were impressed with the progress and the technology as explained and am assured the presentation will be on the website soon.The most significant items for me were the partnering/ customers Weatherford and Schulunberger ( excuse my spelling) . Weatherford and SCH will become in my mind the biggest customers promoters in the very near future as evidenced in Weaterfords case by there results in Pemex trials.The market did not exist for EOR fluid pulsing and WEE is trying to create a market. This is a slow process in spite of the benefits. The STIM and drilling markets already exist and WEE tools do it better. The proof of this will be obvious within days not months of the trials. The Powerwave tool was the tool most used in the STIM Canadian business last year.At times both Vorteck and Powerwave tools are used on the same job and perform different functions.( yes they are each billed). The success of the tools presently has become evident by Weatherford asking WEE to jointly issue a white paper on the results achieved with Weatherfor chemical pulsed on stim jobs in Pemex trials within the last months.My sense is the immediate progress will be in the immediately observable results area IE stim and Drilling while EOR proceeds. The surface tool is continuing development and will be a great asset in the offshore market as the cost to install are huge in this market segment. The new directors are a great addition and the retiring directors didn't have enough time to be part of the team.The question was asked in Charlottetown re profitability and the answer was months not years.The fact that they wanted to come east made me believe that the company was wanting to get on the radar screen now as developments pointed to more consistent growth. I would recommend that if you get a chance to attend one of there meetings and are interested in a growing company then do so these are good people and have plenty of skin in the game. Mikhal
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