Look at this rolling Royalty!! Can't wait to see this line item on the Income Statement!!
DE Quote:
"Thought I read somewhere that PCTL was participating on a royalty basis?"
The JV will be known as Disruptive Oil & Gas Technologies Corp.
The plan calls for the JV to drill a series of infield wells in the Grassy Creek field of which Maverick and PCTL will be participating on a royalty basis. Maverick will be providing all the drilling services and PCTL will be selling their fluids to the JV which will be independently funded through a Reg D offering. These wells will be treated with a proprietary process using nano technology ( https://www.nanogastechnologies.com/ ).