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$PCTL Buenas Noches Mrblabla...
I always thought Anthony Hopkins summed it up in this older commercial...
$PCTL Omicron is playing havoc with the markets...
but as long as countries don't start implementing "lockdowns" and economies continue to open up, albeit slowly, demand for energy will continue to ramp up.
Brent crude futures rose $1.34 cents, or 1.9%, to $71.01 a barrel by 07:52 GMT, after climbing 1.2% in the previous session.
U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday.
My money is still on Oil & Gas to be the predominant revenue generator for PCTL in the future. That is not to say Healthcare won't supply a significant portion of revenues but, because the Covid pandemic basically shut down most drilling activity for close to a year, the industry is behind the eight ball to catch up on replenishing reserves.
The new technology developed by PCTL/DOGT will allow owners and operators to increase recovery rates immediately on existing reservoirs without large CAPEX/OPEX and without adding new facilities or infrastructure.
A December to Remember... Happy Holidays!
$PCTL A Major Breakthrough in O&G?
$PCTL I am thinking you are correct...
Major breakthroughs, national contracts, international contracts.
12/2021 will be a December to Remember for PCTL Investors.
#Oil&Gas #EOR #Ecofriendly
Zagdad, thanks for the well wishes...
Currently in Equatorial Guinea through 14th and then up to Montenegro for a week before heading to Tunisia. So far folks love what they are hearing about PCTL/DOGT but as @godough has stated, objective evidence (aka:Data) needed.
Just out sowing some PCTL/DOGT seeds at the moment while waiting on the data.
Nice to see you on the board. Happy Holidays!
$PCTL Be careful, it is cutting edge technology...
that in the words of Darryl Patterson, Chief Operations Officer and Director of Healthcare at PCTL, will allow the company to move into big box stores such as Walmart and major on line retailers like Amazon.
My money is still on O&G for a first strike but, Healthcare won't be far behind. Didn't I hear something about a new "20+ Healthcare Hospital Group" in the last podcast?
It will be a December to Remember at PCTL!
Happy Holidays
$PCTL International Association of Drilling Contractors...
I especially like the "International" part and suspect more than a few contracts will be seen once the O&G cranks up. As noted by @godough, objective evidence is needed. As noted by PCTL, that evidence will be forthcoming in December.
Happy Holidays!
$PCTL Oil up 52.68%/12M and 40%/YTD...
rest assured, it will be going higher when the dust settles over this new Omicron variant and PCTL/DOGT will be in a good position to profit from it.
$PCTL
~~ Noted and Correct ~~
The current Administration shutdown the XL pipeline on their first day and instituted drilling bans on federal lands. They are currently looking at shutting down line 5, a pipeline that transports up to 22.68 million gallons, or 540,000 barrels per day, of light crude oil, light synthetic crude, and natural gas liquids to the upper mid west region.
Of course all this is good for PCTL/DOGT as producers/refiners turn to EOR to make up for the shortfalls in supply.
$PCTL Normally an increase in “chatter”...
is indicative of an imminent event. Here is to a December to Remember with PCTL.
Happy Holidays!
$PCTL Start your engines, Vroom, Vroom
$PCTL "It’s been a long time in the making"...
Longer for some than for others but true PCTL investors know what's coming.
Happy Holidays!
$PCTL are you inferring knowledge is important?
Dr. David Holcomb, PhD
President @ Pentagon Technical Services, Inc.
Former Corporate Technology Director @ Flotek Industries, Inc.
Former Corporate Scientific Advisor @ FTS International, LLC
Former Director of Research & Development @ FTS International, LLC
Former Director of Technology @ Smith Energy Services, Inc
MS & PhD in Chemical Engineering
BS in Chemistry and Biology
Skilled in Petroleum Engineering, Fluid Dynamics, Well Stimulation and Reservoir Management to name a few.
Yup, my money is on the Oil & Gas.
$PCTL My money is on Oil & Gas...
I remember reading something about Maverick and PCTL participating in a JV on a royalty basis back in July which would indicate to me that PCTL now has rights to a portion of the resources and revenue generated by the Grassy Creek Waterflood Project.
Just recently I read something about the production increasing from 99/01 WOR at the start of the project to a current 48/52 WOR with more improvement expected.
Considering Grassy Creek has 11M barrels of oil in tertiary reserves, that should be a nice revenue stream for PCTL even at a 1% royalty.
11m x $68.17 = $749.87M x 1% = $7.498M
My guess is that the royalty will be more than 1% and that more deals like this will be made in the future. For this reason alone, my money is on Oil & Gas moving forward.
Happy Holidays!
$PCTL But good to see some investors do...
I tend to follow those PCTL investors over the non-investors that post guano day in and day out.
A "December to Remember" is right around the corner.
Happy Holidays beer$$money. Always enjoy your insightful posts regarding PCTL.
~~Noted and Correct~~
$PCTL is moving into the future while others dwell in the past.
New healthcare facilities being added to their network,
New Gen2 systems being delivered,
New O&G deals being made.
Couldn't help but add more before the holidays.
$PCTL You are spot on with your assessment...
This new "Green" EOR process utilizing Nano Technology will have huge implications to the industry north of the border.
Rumor has it that several producers are already lined up... oh wait, not a rumor anymore as Mr. G let the cat out of the bag on the last Press Release.
Looking forward to a December to Remember.
Happy Holidays in advance!
$PCTL O&G will be the catalyst to NASDAQ...
Don't get me wrong, PCTL has a lot of hot irons in the fire in regards to Healthcare and Agriculture. Listening to the latest podcast from Darryl Patterson it sounds like they are rolling out the Annihilyzer ICS system to new hospitals in the U.S. (which has to make Paris and Whitehead pissed) but, my money is on Oil & Gas... Why?
Just look at the results to date from the heavy (15 API Gravity) oil reservoir in Grassy Creek...
At the baseline figure of 99/01 WOR prior to any well treatment, a barrel of production translated to $0.798. At an average cost of $28.28 to produce, an operator would suffer substantial losses just to keep the wells on line.
At a post treatment figure 60/40 WOR using PCTL's Catholyte Free (not to be mistaken for the inferior product being produced by others), a barrel of production translates to $31.92. At that price, it is profitable to produce without additional facilities or infrastructure.
At a post treatment figure 48/52 WOR using the Patent Pending Nano Technology, a barrel of production translates to $41.49. That is a substantial increase for a producer sitting on a multi-million barrel reservoir that was previously dormant.
And did I hear that they expected to announce even better results in December? Could that be why the industry is starting to take notice?
I would bet a Dollar to a Dime that the funds mentioned by @beermoney in post #179704 are in fact Oil & Gas related.
Not posting much anywhere anymore but, I am fielding calls from interested Oil & Gas professionals. In fact, had another one yesterday from a group in West Africa. Heading back there this weekend and then onto Eastern Europe followed by North Africa.
Looking forward to a "December to Remember" with $PCTL.
Happy Holidays in advance!
#EOR #Ecofriendly
$PCTL Just wanted to say Thank You...
to the retail sellers of PCTL these past few weeks. Have been able to average down substantially so far in November thanks to your efforts.
Big week for PCTL on tap so today is the last day of buying for me.
Ya'll have a great weekend and see you on the flip side!
Mr. G will be singing this soon...
$PCTL and thanks to our Military, Past and Present, companies like PCTL can continue to innovate and bring new technologies to market right here in the U.S.A.
$PCTL is making great strides in Oil & Gas, Crystal Technology and most recently, shipping out Gen2 LV's.
For those veterans who have sacrificed to keep America free and in turn allowed small businesses, including PCTL, to grow and flourish in a free marketplace, your sacrifice is greatly appreciated and you have my deepest respect.
$PCTL Within View...
Within | in or into the range of | within view
Glad I could brighten your day.
$PCTL Many ways to monetize the technology...
Straight sales of the fluid(s) to smaller operators
Lease/Sales of the equipment for larger operators
JV's with Well Service Companies
Land Acquisitions and Development of Mature Fields
With WTI over $75/Bbl, anything is possible.
$PCTL shares looking good...
Now just a matter of waiting for the
$PCTL Watch for the Price Point...
The Cost of Energy per Barrel of Oil Equivalent
CO2 Enhanced Recovery $20-$70
Other EOR Methods $30-$80
Deep Water $40-$65
Heavy Oil Bitumen $40-$80
Oil Shales $50-$100
If PCTL and the Joint Venture DOGT comes in at under $20 per Barrel of Oil Equivalent it would be hard to deny it was a very smart move.
Out of range for awhile...
but still around and still positive. True longs know where this is going when the news hits.
No peeps on the PCTL iHub board.
As to information reporting, said distributor is not an employee of PCTL and therefore has no obligations to report anything in regards to PCTL.
It appears the views expressed about PCTL are reliant on information contained in PCTL's tweet(s) and PR's, a good source of information about the company that is readily available in the public domain.
The view that PCTL's expansion into the Oil & Gas sector and that the EOR Technology being developed by the newly formed Joint Venture will be beneficial to recovering Oil & Gas reserves that were previously unrecoverable appears to be based on first hand industry knowledge and proper research.
Cheers
You are correct beer$$money...
I am currently out of the country (left last week) working with several new clients in SEA.
Looking forward to PCTL getting amendments done and becoming current this week. News should follow once that is complete.
Hope you are doing well.
Noted and Correct TKane...
Most PCTL shareholders have my number and prefer to call me while some shareholders prefer email and still others like whatsapp.
Anyway, true PCTL shareholders know how to get a hold of me.
You are also correct that PCTL is regrouping at this time as far as staff, accounting and operations. Looking forward to the expansion.
Mugwumps88, I would agree...
and I would also think it would be a good model for moving forward in the O&G marketplace with other producers/lease holders.
In regards to your second question the answer would depend on a multitude of variables. In regards to the Grassy Creek field, I would suggest reviewing the original overview found here
beer$$money, enjoyed your post and as you noted...
there is not a one size fits all to your first question as to how much water is used. To many variables to even come up with an average. What is of note to me is that in order to start out with a clean wellbore and not introduce contamination into the formation from the surface, the water used should be treated and any water that is recycled (produced water) should be treated.
In regards to your other question, one possible answer can be found in the July 30, 2021 PR regarding the JV.