SOURCE: Wavefront Energy and Environmental Services Inc.

April 02, 2007 09:00 ET

Wavefront Energy & Environmental Services Inc. Retains The Windward Agency for Investor Relations

Update on Operations at Rodney South

EDMONTON, AB -- (MARKET WIRE) -- April 2, 2007 -- Wavefront Energy and Environmental Services Inc. (TSX-V: WEE) ("Wavefront"), a leader in technology development and implementation for improved oil recovery and optimized groundwater remediation, is pleased to announce that effective March 20, 2007 and subject to regulatory approval, it has retained the services of The Windward Agency, of Charlotte, North Carolina. Windward, founded by its principal, Kelly Boatright, will provide assistance with Wavefront's Investor Relations and Public Relations efforts. Windward has served the natural resource sectors for more than two decades and maintains a strong presence in Canada, the United States and Europe. As Wavefront shapes a broader integrated investment relations and communications strategy it has terminated its relationship with M/C/C, an advertising agency and public relations firm based in Dallas, TX.

Following an initial payment of US$6,500, which contains a set up fee of US$1,500, Windward will receive a monthly all-inclusive retainer of US$5,000. The agreement will progress on a monthly basis, renewing automatically, and may be terminated by either party by two-week written notice. Windward does not engage in market making activities and will restrict its services to public relations and investor relations counseling.

Windward maintains an extensive network of representatives and account service specialists in Toronto, New York, Charlotte, Atlanta, London, England and Zurich, Switzerland. In addition to organizing broker road shows, Windward will also manage press release dissemination, assist in the design of marketing materials, and miscellaneous tasks related to the Company's investor relations and public relations programs.

Wavefront would also like to update the market on the development of the first phase of the Rodney South project with Greentree Gas & Oil Ltd. ("Greentree") that commenced in September 2006. Greentree has successfully completed the drilling of two horizontal producers and eight injection wells. Both horizontal wells penetrated approximately 170 meters (~560 feet) of oil pay. The new wells are currently being integrated into updated facilities including production and injection lines, central tank battery, and injection system. In addition, six of eight vertical and one horizontal production wells that were shut-in since the initiation of development have been reactivated. The two remaining shut-in vertical wells will be reactivated with the start-up of production from the two new horizontal wells which is anticipated shortly. The current operational plan is to produce all wells naturally to establish a stabilized baseline production rate prior to commencing waterflooding. Water injection will be accomplished using Wavefront's Powerwave Process, more specifically, the highly successful solenoid-actuated Dragonfly tool as well as a new mechanically operated waterflood tool known as the "Mantis."

Under the terms of the Wavefront/Greentree Agreement announced February 2, 2006 Wavefront is providing up to $2.25 million in capital expenditures related to the first phase of development. In consideration of Wavefront's capital investment it shall earn a 70% net overriding royalty interest in overall production in Rodney South until payout of Wavefront's initial $C 2.25 million capital investment. Subsequent to payout, cash flow from operations will be allotted 50% to each of Wavefront and Greentree.

About Wavefront Energy and Environmental Services Inc.

Wavefront is a technology-based company with a focused, strategic plan to leverage the value of our intellectual property in order to maximize oil production recovery operations, as well as provide additional solutions for environmental applications.


"D. Brad Paterson" (signed)
D. Brad Paterson, CFO & Director

Cautionary Disclaimer -- Forward-Looking Statements

Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United Sates Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plan, objectives, assumptions or expectations or future performance, are "forward-looking statements." 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. The Company expressly disclaims any obligation to up-date any "forward-looking statements."


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