Additional Test Results Confirm Scalability of LWP Flyash...

Additional Test Results Confirm Scalability of LWP Flyash Proppants

Confirmation of previously reported results under ISO Standard 13503-2

Outstanding Conductivity and Permeability results under ISO Standard 13503-5

LWP Technologies Limited (ASX: LWP) (LWP, the Company) is pleased to announce that it has received its second independent expert testing results from STIM-LAB CORE LABOTATORIES for samples of its 20/40 mesh Proppants produced at its Pilot Plant at Clontarf, Brisbane.

The test results obtained from Stim-lab confirm earlier results obtained and reported by GEL that the LWP proppants significantly exceed IS0 Standard 13503-2, and that outstanding results were demonstrated by our proppants under IS0 13503-5 which measures conductivity and permeability. The conductivity and permeability tests effectively measure proppant capability to allow oil and gas to flow under high pressure in a propped fracture. The test results are summarised below, and the full report is attached for shareholder information.

Proppant Crush-Resistance Test Results were 6.7 % fines produced at a pressure of 10,000 PSI (pounds per square inch) which is well below the maximum fines permitted under the ISO standard of 10% at 4,000 PSI. Further, the LWP proppants continue to comply with the ISO standard even at 12,000 PSI with a result of 8.3 % fines.

Conductivity and Permeability Measured pursuant to ISO Standard 13503-5, conductivity of LWP proppants are 1934 md-ft. at 8000 PSI and 1477 md-ft. at 10000PSI with Darcy’s measure of permeability of 104 at 8,000 PSI and 82 at 10,000 PSI. These results confirm that LWP Proppants demonstrate the high flow characteristics of Tier 1 ceramic proppants.

Sphericity LWP ‘fly ash’ proppants achieved the highest possible sphericity of 0.9 as per Krumbein‘s Chart, supporting the excellent conductivity and permeability results and coupled with the crush test results, places LWP ceramic proppant product in the high strength Tier 1 category.

Company Chairman Siegfried Konig said, “We are very pleased with the results obtained in this 2 nd round of testing, which both confirms earlier crush test results and shows outstanding conductivity and permeability results for our LWP Proppants. These tests simulate an accelerated down-hole test and the results show that our ‘fly ash’ LWP proppants are a Tier 1 ceramic proppant. This further confirms LWP’s ability to scale up it’s technology, giving me even greater confidence that LWP can fulfill its vision for LWP proppants to become the new standard for the industry, providing significant and ongoing savings to Oil and Gas Producers.”

ENDS