"To put these results into perspective: A) 1% oil cut would equal one barrel oil, ninety-nine barrels water with a value of $60/barrel after gravity reduction. B) With an average oil cut of 14.5%, the wells produced 14.4 barrels of oil and 85.6 barrels of water per 100 barrels of production. At $60/barrel, this equates to $864.00. This result is economically viable.
In the early January 2022, we will be conducting a new 14-day test using PCT’s newly developed Catholyte generator. This generator produces our proprietary catholyte at an increase of 300% in parts per million (ppm) and a 500% increase in volume of catholyte produced.
We anticipate an increase in oil cut and expect to see much greater results than we had in the December 6, 2021, testing."
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