Acceleware Reports Strong Q2 Results, Progress on EOR Applications

Acceleware Ltd., a Calgary-based company, has announced its financial and operating results for the three and six months ended June 30, 2026. The Company reported revenue of $75,321 for the three months ended June 30, 2026, compared to $201,523 for the same period in 2025.

Acceleware has also made significant progress on its Enhanced Oil Recovery (EOR) applications with the Saskatchewan Ministry of Energy and Resources. The Company submitted two EOR applications for the commercial deployment of RF XL 2.0, a new technology that can improve oil recovery by up to 30% compared to existing methods.

Additionally, Acceleware has acquired 35 net sections of heavy oil assets located in the Mannville Stack in Saskatchewan, which includes 16 barrels of oil per day (bopd) of working interest production. The Company plans to use its RF XL 2.0 technology to enhance oil recovery from these assets.

Acceleware has also received non-dilutive funding of up to $2 million for the demonstration of RF XL 2.0 in Saskatchewan, and has signed a feasibility contract with a major international mining company applying RF heating to a critical mineral process.