2-4 wks (or less) for O&G Catholyte test results:
And news could come much sooner than that, anytime now! Be ready!
Per PCTL tweet this morning, Saturday 2/6/21, their Catholyte testing being done by Maverick Energy has already started ("is underway"
. The linked report (Typo on date, should reference 2021, not 2022) specifically references expected time frames in a couple places. First it says test expected to take up to 30 days, but further down it specifically says the goal is test results in 2-4 weeks. Here's the pull quote:
"...The goal is to prove the catholyte technology for this reservoir type by a markedly improved oil cut after two to four weeks injection of catholyte alternating with injection brine water mix)..."
This is great news. And that would be 2-4 weeks from the start of this testing. We were informed of the Catholyte testing a while ago, so for that reason and the above present tense pull quote ("is underway"
, this catholyte testing could already be well along, even nearing completion. Either way, this is great news. I would not want to be out of this stock when these test results hit. I would also note the very good explanation as to how the catholyte is used and for what purpose (Not to mention how environmentally friendly it is). I note specifically that if the test is successful and they continue to use the catholyte, it will likely involve leasing of the PCTL equipment on site at wells for continual self-generation and use of the fluid. This suggests significant potential for equipment leasing and resulting ongoing revenues on a per well basis, and given the number of wells for just this one company, and the number of companies out there, this suggests massive ongoing income potential for PCTL. No wonder the company has said the potential in the oil & gas industry dwarfs the already known significant potential in the hospital/healthcare industry.
Oh, and keep in mind, the length of the sales cycle once things start moving in the oil & gas industry is significantly shorter than that of hospitals, and without the bureaucracy to deal with. When this begins to move, it could move very fast.
Lastly, I would remind everyone of the following pull-quote from a prior company release regarding expected 2021 revenue:
"Do you have any idea about what your run rate will be in 2021?" asked Jolly. "We see $10 million as our minimum and we expect that we can go substantially higher," said Grieco. "We're very comfortable with stating ten million for 2021, which will be a substantial multiple over 2020."
That's $10m as a minimum, and potentially "substantially higher".
Great stuff is coming! Long & Strong!
Posted by: davidsan Saturday, 02/06/21
