Another awesome post by Hate Liars. This will make a great partnership!
KEY POST regarding Maverick Oil.
There has been some discussion whether or not Maverick Oil is the company doing the oil testing. But do you know what they purchased one millions gallons of? Just Hydrolyte, not Catholyte.
This is huge because Maverick never purchased any Catholyte.
So if the Oil testing that is spoken of is with Maverick, they would have to purchase Catholyte. Based on this, it would be great to partner with Maverick Oil. Why? What a tremendous partner they will have become to PCTL. Already purchasing millions of dollars of Hydrolyte and now testing Catholyte. Alternatively, if it is Maverick then there is another partner in the game for PCTL. The great thing is, we are close to potentially $10 or 100's of millions of dollars here if the short testing goes well.
Note what Catholyte's application is used for based on Dessert Eagle's earlier post:
'Oil & Gas Applications...
Hydrolyte® and Catholyte solutions are used for stimulation and enhancement of oil and gas production and to improve performance of drilling fluids.
Hydrolyte® is a highly effective alternative to disinfectants that are non-biodegradable or bio-accumulative. As a disinfectant, Hydrolyte® is selective, targeting bacteria responsible for microbial induced corrosion and slime while being safe to humans.
Catholyte, the byproduct of the ECA process, has been used to replace diesel oil as a cleaning solution for drill bits and other equipment on the well site.
These kinds of solutions can be used to enhance production from wells which have been impacted by down-hole growth of bacteria, and other microorganisms, by killing the bacteria and removing the restrictive biomass.
Water used for the fracturing of oil and gas wells can be treated to manage bacteria, protecting fracturing fluids and gels, and ensuring polymer and improved performance.
Hydrolyte® solutions remove scale and slime build-up from pipes. Cooling water systems can be kept free of biomass, improving heat exchange values and eliminating corrosion caused by microbial induced corrosion (MIC).
Produced water may be treated before being revised in stimulation fluids or water floods.
Data collected from field operations where frac water was treated with anolyte (Hydrolyte®) shows that the bacteria levels in the frac water were reduced below the threshold level that would adversely impact stimulation fluids and gels.
Catholyte has been shown to substantially reduce the surface tension of water and can be used to condition water used to stimulate well production.
As Hydrolyte® has some of the same properties as Catholyte and, being a biocide, it is a surfactant itself to some extent. Use of Hydrolyte® along with Catholyte at the well site results in recovering more oil using low cost and environmentally friendly ingredients compared to traditional disinfection chemicals (Biocides), which can be expensive, highly toxic and potentially hazardous for transport and storage'.
The Maverick Oil deal stated:
PCT Ltd. (PCTL) Executes 1 Million Gallon Minimum Annual Supply Agreement; Company Anticipates Record Setting Revenues for 4th Quarter
October 27, 2020, 7:00 am
PCT LTD (OTC Pink: PCTL) today announced that it has executed a domestic supply agreement with Maverick Energy Services and Maverick Environmental Solutions of Holdenville, Oklahoma for a minimum of 1,000,000 gallons of PCT Hydrolyte® to be delivered over the next twelve months. An initial order has been fulfilled on this contract.
PCT LTD Announces License Agreement with Zerorez Franchising Systems, Inc.; Phase One Construction Commences at Fort Wayne Indiana Facility
October 29, 2020, 11:33 am
PCT LTD offers clarification about its recent announcement with regard to the recent million gallon minimum annual contract with Maverick Energy and Maverick Environmental Solutions. The annual contract for a minimum of one million gallons will be split between both companies with Maverick Environmental Solutions marketing to non-oil and gas related customers. Completion of the contract will provide millions of dollars of gross revenues to PCTL.