PCT Ltd (PCTL)

[DesertEagle]

HL, keep in mind the 64.7% recovery rate when using PCTL's Catholyte is based off a fixed sample in a laboratory.

Many people may not realize that the actual increase in production is much more than the 64.7% recovery rate stated in the report.

My estimated output for wells on the Johnson Grassy Creek lease area was 1.36 BPD/Well or $96.56 (WTI @ $71 Bbl) prior to treating the wells.

The test involved 1 injection well and 6 producing wells on the east side of the lease. From looking at the lease I believe they are the wells shown below. The wells are set in a polygon with a 50ft spacing between adjacent wells and 60ft spacing between the injection well and producing wells.



Reading through all of the publicly available information, I think the actual increase in production for this 6 well spot will come in between 32.64 - 48.96 BPD or $2,317 to $3,476 on a dollar basis.

As the fixed costs associated with production remain the same as do the royalty payments to owners (if any), the only variable is the cost of Catholyte and additional equipment (if any) for the EOR System.

Looking forward to more information on the Oil & Gas front as I like the potential of that market for a long term revenue stream.

Hope you are doing well. Always enjoy your posts.