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Monday, May 16, 2022 11:06:53 AM
Considerable more incentive now to pursue oil reserves and the use of enhanced recovery methods like "Maverick Energy Services has been using Super Catholyte Nanospheres at a lower cost versus other EOR techniques on heavy oil."
May 12, 2022 11:03 AM Eastern Daylight Time
LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTC Pink: PCTL) is excited to announce the Summary of Amott Cell Testing for Validating Heavy Oil Recovery Using High Concentration Catholyte® infused with High and Lower Concentration Nano Gas Nitrogen Spheres in Grassy Creek Warner Sandstone Core.
As hoped, the higher concentration catholyte, referred to as Super Catholyte®, infused with high concentration nitrogen (N@) nanospheres achieved a 25.5% better recovery than the catholyte alone, and a 13.35% better than lower concentration NanogasN2 spheres infused into a high concentration of Super Catholyte®. These results validate that high concentration, Nanogas N2 Sphere infused high concentration catholyte (Super Catholyte®) outperforms Super Catholyte alone, or a lower concentration Nanogas Sphere Infusion in Super Catholyte®.
It was also noted that these differences could be observed in a shorter time frame (i.e., 54 hours as opposed to 96 hours as in past testing). This will allow for shorter treatment shut in times in the field, thus allowing for optimum results to be obtained in a shorter amount of time which helps to reduce overall lease operating costs!
With these affirming results, we have committed to continue to secure financing for the drilling programming at the Grassy Creek formation. Additionally, research, development and testing will continue to move toward its final stages in the Oklahoma formation. Corporate executives will be traveling to Kansas City and other locales in the coming weeks to further the advancement of revenues for this project.
https://www.businesswire.com/news/home/20220512005801/en/Paradigm-Convergence-Technologies-Announces-Grassy-Creek-Testing-Justifies-Commercial-Drilling
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