Pledge Petroleum Corp. (fka PROP)

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NBT Equities bullish report on PROP
Propell (PROP) Wins Major Award For Their Plasma-Pulse Technology

By Tobin Smith | November 21, 2013, 12:22am GMT .




Propell (PROP) yesterday was presented with Total Energy USA’s Chairman’s Innovation Honorable Mention Award at the Total Energy USA conference in Houston, Texas. This is big news for Propell and a testimony to their Plasma-Pulse Technology. They went from not treating any wells from the beginning of the year to getting awards. The only direction for the company at this point is up.

Propell received this award at the close of the first day of Total Energy USA’s 2013 Conference. Propell is at the conference showcasing its proprietary "Plasma-Pulse Technology" which is designed to enhance the recovery of oil. Propell by way of their wholly owned subsidiary Novas Energy USA is the exclusive licensee of this patented technology for use in the United States. The downhole tool and subsequent well treatment has been attributed with increasing oil production and injector well fluid flow in over 200 wells in Eastern Europe and over 20 wells in the United States. It does so without any chemicals and therefore is deemed to be environmentally friendly. The treatment clears the well drainage area of sedimentation clogging at the perforation zone and increase the permeability of the reservoir at the same time, resulting in increased oil recovery.

Later this week Propell will be
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