PCT Ltd (PCTL)

[Mr_Marlowe]

So one of Mavericks’ subsidiaries has 53 producing (marginal) wells. From information posted by other members on this board, the national production average for a marginal well is 1.9 Bbl/day. Looking at the current data, the average for the Maverick subsidiary is slightly lower at 1.37 Bbl/day.

Looking at the well test baseline of 1/99 (oil/water) increasing to 40/60 (oil/water) over 90 days based on the initial results, if the subsidiary implemented the EOR system using PCTL equipment and fluids across all their wells, they could potentially increase their production from 73 Bbls/day to over 2,800 Bbls/day.

With the current price of WTI at $66.63/Bbl, that is an increase in production potential of $181,700 per day for the subsidiary.

Doesn't take a rocket scientist to figure out why Maverick offered up some of their wells for testing and should also explain why they became a distributor. Would not surprise me to learn that contacts have already been made and contracts already lined up.