Oil, Gas and $PCTL…
In the 4th quarter of 2020, $PCTL executed a domestic supply agreement with Maverick Energy Services and Maverick Environmental Solutions of Holdenville, Oklahoma for a minimum of 1,000,000 gallons of PCT Hydrolyte® to be delivered over the next twelve months.
Based on a public tweet made here
this week, we now understand that PCTL is also testing their second fluid, PCT Catholyte, to enhance production from existing wells in Missouri.
With both fluids having lifecycle (cradle to grave) applications in the drilling and production of wells, and with the data on the horizon to back up the beneficial claims, I can see many independent E&P (Upstream) companies moving to PCTL fluids in the coming years.
As noted earlier, both fluids also have application in the O&G (downstream) sector such as the control of unwanted non-public health microorganisms, such as SRB’s (Sulfate Reducing Bacteria), reducing microbiologically influenced corrosion (MIC) and to remove the slime and associated sessile bacteria which can degrade the integrity of pipelines.
Considering that PCTL has no toxic debt on the books and all current debt is PTM with floors of .10, .15 and .20, when data showing the efficacy of the fluids in the O&G sector is presented and news is released, I can see the SP moving very quickly to new highs.