Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Waving for Wavefront

When I find the time to create useful content, my blog posts gain exposure at Seeking Alpha. They have introduced a compliance program that screens out ne’r do well stock promoters.

Seeking Alpha Certified

I tend to write about smaller cap companies that aren’t suitable for Seeking Alpha’s audience. The market cap of every Canadian listed uranium company (~100 of them), including Cameco (CCO.TO) is probably less than that of Encana (ECA.TO). If a stock trades “by appointment” with under 20 trades a day a blog can impact the market. When I write about Wavefront Energy and Environmental Services (WEE.V) you must know:

That I am retained as a consultant in Calgary, Alberta, under a yearly agreement for a monthly retainer of $3,500 per month plus the issuance of a total of 75,000 incentive stock options.

I promise not to sell any shares for at least 3 days.

In the language of Seth Godin, I’ve become a promiscuous sneezer for Wavefront. If you want some context, you check out my website at www.jimletourneau.com to find out more about my background. You can watch and see how many other companies I write about that I have a consulting relationship with (none).

Why did I choose to work with Wavefront?

Pressure Pulsing at the Reservoir Scale: A New IOR Approach

Over the duration of the field trial significant changes in cumulative oil production, and base sediments and water were seen. Overall, oil production on the Section increased by about 37%, and water cuts were lowered in some cases by over 20%. Sand cuts increase from an average of 0.5-1% to between 4-10%. This is probably an indication of increased fluid gradient across the intact reservoir-crumbling sand boundary, increasing the sand destabilization mechanisms within the reservoir and is likely to be one of the mechanisms responsible for increased production within the Section. It should be noted that prior to pressure pulse stimulation at the field scale it was postulated that given the history and age of the wells, and the device used to generate pulses, a 30% to 40% increase in oil production would be observed. The results therefore were quite satisfying.

Pulsed Water Injection during Waterflooding

An average increase in injectivity of 30% was recorded during the trial with a plateau injectivity enhancement of 40% during the first two months. The maximum injectivity corresponded with injection pressure at 40% of the historical values. Injection pressure remained low even after the trial was completed at around 70% of the steady state injection pressure for about one month. After that time the injection pressure started to increase. It is important to note the significance of the injection pressure remaining low after the PPT pilot was terminated.

Pressure Pulse Technology: An Enhanced Fluid Flow and Delivery Mechanism

Within hours, head increased in the alluvial unit and decreased in the gravel unit as compared to pressures seen during the static injection (Figure 2). In other words, the application of PPT resulted in more water flow through the lower permeability unit, showing the capability of PPT to limit the effect of permeability contrasts.

I think this is a game changing technology. I want everyone to know about it. However, I’m going to benefit personally if you buy shares. I think you will too.

Full disclosure: Long WEE.V at time of writing.