PCT Ltd (PCTL)

[Egold]

Oil has been falling for months. Why? The U.S has been flooding the market with its strategic oil reserves.

. "The US's strategic oil reserves fell to their lowest level in 37 years"

"Stockpiles have fallen by more than 160 million barrels this year after the White House ordered the release of record amounts of crude oil in an effort to cool sky-high gasoline prices and tamp down on inflation"

What happens next? They replenish the strategic reserves with Wesson vegetable oil or olive oil lol.

That oil will be replenished and guess where the Gov is getting it from.

Meanwhile, 21st Energy supplies fluids that help recover tertiary oil or enhanced oil recovery which accounts for 60% of the oil reserves in any field.

Guess what that means?
Pumping of tertiary oil supplies will probably be a major part of putting back the 160Million gallons of oil the U.S gov. flooded the market with.

The fact 21st Energy's tech needs no infrastructure like SAGD or CO2 which means PCTL's tech can be used at a lower cost. Sounds pretty good to me when some estimates say SAGD runs around 30-50 BBL. Same for CO2.


Great time for PCTL