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Saturday, March 05, 2022 11:43:26 AM
The PCTK JV is made of PCTL, Humphreys, Holcomb, and Len from Nanogas.
Humphreys family also owns Pacuca Oil
https://www.palucapetroleum.com/about-us
Anyone can see they are in many areas including the famed Grassy Creek so many have talked about. OK and TX. They drill wells.
https://www.shalexp.com/missouri/vernon-county/johnson-grassy-creek/004562
https://www.shalexp.com/paluca-petroleum-inc
Maverick Energy services oil OP's. That's what they do.
Between them both lots of work and money to be made.
Let's also take a look at the investor year-end letter
https://pctl.com/wp-content/uploads/2022/02/2021-Shareholder-Letter.pdf
"We have partnered with Krag Capital to commence a 7 well (6 producing and 1 injection) new drilling
program using the newly developed nano/catholyte fluids, currently scheduled for the latter half of
March or early April (weather being a major variable) in the Grassy Creek formation."
These are 6 new wells in GC which once drilled primary and secondary oil production is higher than the 14-15% of EOR production. This will return a lot of profit in the short term because of BBL increase and wells in GC are much shallower than say OK.
At today's prices, it won't take long to pay down Krag reducing PCTL debt. After that, it's a split of revs.
LMAO at 100 gals of diesel used. Can anyone provide any DD that PCTL Nano Catholyte machines use 100Gals of diesel?
Why don't we talk about the infrastructure needed for steam EOR I wonder how much energy Steam EOR uses lol.
I'll say it again the bullshit I read
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