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NEW PATENT-PENDING TECHNOLOGY SET TO CHANGE THE OIL AND GAS
INDUSTRY
LITTLE RIVER, SC – (BUSINESS WIRE) – PCT LTD (PCTL OTC Pink). PCT Ltd. and Nano Gas™ Technologies
are pleased to announce a joint patent-pending technology that has been designed to provide an ecofriendly solution for the oil and gas industry. Testing has been ongoing for many months using PCT Ltd.’s
Catholyte only with excellent results reported by an international independent lab located in Houston,
Texas. The water to oil ratio (WOR) started out as 99/1 before Catholyte was pumped into the wells.
Testing was done using various parameters which increased the WOR to 60/40 on some of the wells.
Nano Gas™ nanobubbles were added, and a 20% increase was seen at WOR 48/52. Ongoing testing
continues, and PCTL/NANO GAS™ feels another 20% may be attainable.
PCTL/NANO GAS’™ new product line is called Nanolyte. The fluids come in two versions: NanoCatholyte™ and Nano-Hydrolyte™.
Nano-Hydrolyte™, a biocide, and Nano-Catholyte™- a nanobubble infused alkaline oil recover fluid with
both surface chemistry and wedge effect mechanism for improved oil recover. Both are 100% ecofriendly, green solutions for the oil industry including EOR, fracturing and downhole bacteria control
including H2S remediation.
Nano-Catholyte™ is a combination of Catholyte-free produced by PCTL which reduces the surface
tension in the treatment fluid and interfacial tension with the oil within the formation. This coupled with
the mechanical effects of the nanobubble (diffusion, wedge effect and fragmentation of oil to reduce
viscosity) allowing for the release of oil in the formation as well as penetration throughout the micro
sized natural fractures through the formation thus separating the oil from the water and allowing it to
flow from the formation to the wellbore where it can be produced, processed and ultimately sold. NanoCatholyte™ makes oil recovery more efficient and subsequently more profitable for operators with no
toxic effects to the environment.
Another adaptation will be developing Nano-Hydrolyte™ which is a combination of Hydrolyte produced
by PCTL, an eco-friendly hospital biocide that kills 99.999% of pathogens, and Nano Gas™ bubbles which
penetrate the smallest fractions and permeability in the formation. Nano-Hydrolyte™ makes for a
potent biocide for downhole bacteria control, H2S (sour wells) remediation and disinfection of hydraulic
fracturing water facilities.
Maverick Energy Services in Oklahoma has used energy-intensive, steam-assisted gravity drainage
(SAGD) to extract heavy oil from their wells in Grassy Creek, MO. Grassy Creek has eleven million
barrels of oil in tertiary reserves. When oil prices went down, producing oil with steam was too
expensive. Now, Maverick is beginning enhanced oil recovery (EOR) by using Nano-Catholyte™ at a
fraction of the cost. Doug Humphreys said: “I’ve never seen oil cuts like this from the Grassy Creek oil
field.” Doug also stated with Nano-Catholyte™ Maverick can attain a substantial savings per barrel of
produced oil. Maverick is now expanding field testing to his light oil wells in Holdenville, OK and looks
forward to adding Nano-Catholyte™ to their service offerings to clients.
SAGD is a popular enhanced oil recovery method in Canada and for all heavy oil. Canada has been
struggling with more than one trillion liters of the toxic wastewater tailings ponds resulting from SAGD
and other heavy oil recovery processes. Dr. David Holcomb of Pentagon Technical Services Inc. who
holds six oil and gas patents and has led research and development efforts for several large oilfield service
and chemical corporations said: “Nano-Hydrolyte™ could change enhanced oil recovery around the
world and eliminate toxic oil sands tailings.” Because Nano-Hydrolyte™ is 100% eco-green downhole
bacteria control, H2S remediation and toxic wastewater disinfection can be accomplished in an
environmentally safe way.” Nano-Hydrolyte™ is 100% eco-green and is effective on several types of
downhole corrosion causing bacteria mitigation such as sulfate reducing, which allows effective H2S
remediation. As a result, toxic wastewater disinfection can be accomplished in an environmentally safe
way.
PCTL and Nano Gas™ have partnered to provide a mobile process to enhance oil recovery through
Maverick Energy Services to improve oil industry sustainability. Len Bland, CEO of Nano Gas™
Technologies, said: “We’re excited to partner with PCTL and Maverick Energy Services to provide the
worldwide oil industry with environmentally effective Nano-Catholyte™ and Nano-Hydrolyte™.
Gary Grieco, President/CEO of PCTL, stated “By incorporating Nano Gas technology, we found a
process that greatly enhanced our already successful specialty product Catholyte. Once we received thirdparty verification of the unique properties of our fluids, we began field testing. The results have been so
positive that we filed a patent-pending with the U.S. Patent Office.”
“We are about to embark upon final field tests,” continues Grieco, “which should be completed by the
middle of December. Once completed, we will begin Beta testing with a number of oil production
companies that have already expressed their desire to use the process on some of their production.”
For more information visit:
https://www.para-con.com/index.php @PCTL_
https://www.nanogastecnologies.com/ @NanoGasTech
https://www.okmaverick.com/home
About PCT LTD:
PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable,
environmentally safe disinfecting, cleaning, and tracking technologies. The company acquires and holds
rights to innovative products and technologies, which are commercialized through its wholly owned
operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). The Company
established entry into its target markets with commercially viable products in the United States and now
continues to gain market share in the U.S. and U.K.
About Nano Gas Technologies:
Nano Gas Technologies, Inc. (Nano Gas™), a Deerfield, IL company, uses nature to improve the
environment with tiny bubbles. Nano Gas™ nanobubbles of gas in liquid enhance oil recovery, clean oil
industry wastewater, and improve plant and animal growth. Nano Gas’s™ unique technology does not
clog up because it uses no membranes. The technology scales up for high volume treatment because Nano
Gas™ puts so much gas in solution in a single pass that it delivers higher dissolve oxygen even after
diluting fifteen times. This platform technology has applications in sewage treatment and algae
production for biofuel as well. Nano Gas™ has eighteen patents with thirty more pending.
Forward-Looking Statements:
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act
of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any
statements that express or involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or performance are not statements of historical
fact and may be "forward-looking statements."
Such statements are based on expectations, estimates and projections at the time the statements are made
that involve a number of risks and uncertainties, which could cause actual results or events to differ
materially from those presently anticipated. Such statements involve risks and uncertainties, including but
not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the
ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to
revenue; and any other effects resulting from the information disclosed above; risks and effects of legal
and administrative proceedings and government regulation; future financial and operational results;
competition; general economic conditions; and the ability to manage and continue growth. Should one or
more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual
outcomes may vary materially from those indicated. Important factors that could cause actual results to
differ materially from the forward-looking statements PCTL makes in this press release include market
conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL
undertakes no obligation to revise or update such statements to reflect current events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contact
Michael Iorlano
(760) 621-0062
Mike@MountaintopMedia.net
or
IR@para-con.com
www.para-con.com
www.pctcorphealth.com
Twitter: https://mobile.twitter.com/PCTL_
