Wavefront Energy & Environmental Services Inc. and Greentree Gas and Oil Ltd. begin drilling in Rodney South oil pool co-development project

Greentree Gas & Oil Ltd. and Wavefront Energy and Environmental Services Inc. , a provider of innovative technologies for increased oil production and groundwater remediation, are pleased to announce that the drilling has commenced in Greentree’s Rodney South oil pool. The initial phase of the project will entail the drilling of eight injection wells, which will be equipped with Wavefront’s patented fluid flow technology, and two horizontal production wells. The eight injection wells powered by Wavefront technology are also expected to enhance production in eight existing vertical producers and one horizontal producer.

Duncan Hamilton, President of Greentree stated, “We are very excited to get this project moving into high gear. The Rodney South pool has not benefited from any form of injection technology and is currently only partially developed. Given the success Wavefront has recently experienced in their Rogers County project we are very optimistic that we will achieve similar results in Rodney South.”

“We have always maintained that the Rodney South pool holds considerable promise for the implementation of our proprietary technology and are pleased that drilling has commenced,” stated Wavefront President and CEO, Brett Davidson. The proof will be in the production, but we are confident we will be able to maximize the productive capability of this relatively shallow and low-permeability reservoir.”

Under the terms of the Agreement announced February 2, 2006 Wavefront will provide up to $C 2.25 million for capital expenditures related to initial field development. Greentree will act as the Operator of the lease and will contribute the petroleum leases, existing seismic and geological data, field staff, and the use of its production facilities. In consideration of Wavefront’s capital investment it shall earn a 70% net overriding royalty interest in the production from all new wells as well as from nine wells currently operated by Greentree 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 develops, markets, and licenses proprietary technologies in the energy and environmental sectors. The Company’s proprietary technology for fluid flow optimization has been demonstrated to increase oil recovery. Within the environmental sector, the technology accelerates contaminant recovery and improves in-ground treatment of groundwater contaminants thereby reducing liabilities and restoring the site to its natural state more rapidly.

ON BEHALF OF THE BOARD OF DIRECTORS

Wavefront Energy and Environmental Services Inc.

“D. Brad Paterson” (signed)
D. Brad Paterson, CFO & Director

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Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United States 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”.

THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF
THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT

For further information

D. Brad Paterson, CFO (780) 486-2222 x224, Tel investor.info@onthewavefront.com

Source: Wavefront Energy and Environmental Services Inc.