PCT Ltd (PCTL)

[DesertEagle]

$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!