Sunday, May 29, 2022 12:47:39 PM
The refinery at Coffeyville can process up to 20,000 bbls/day of heavy oil and with oil approaching $120 bbl and 11M bbls in the ground at Grassy Creek according to a past PR, PCTL stands to benefit for years to come as a partner in the Joint Venture with Maverick Energy.
The lifting cost using Steam Assisted Gravity Drainage (SAGD) is well north of $40 bbl. The company has not released lifting cost using Catholyte+ but I imagine it is well south of that. The starting gun for O&G is when data on the final results is released. Personally I can see the company doing more JV and Partnership deals with lease holders as the royalties on those deals will support the company for many years into the future.
Enjoy your holiday weekend.
Recent PCTL News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 02:05:09 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/18/2023 07:06:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/13/2023 04:32:57 PM
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