Exciting Results lead to expansion: PCTL did hi
Post# of 1425
PCTL did hit a home run. Without incredible Phase 1 results, Phase 2 never happens. The same with Phase 3.
Phase 1 gave all of them off the charts Oil Well Recovery data that is already being monetized. How do we know? Maverick decided to form a new companyu in March after the Phase 1 results were becoming evident. Are they going to put the 100’s of Wells that they manage under the care of the new company? The President of Maverick, Doug Humphreys, is incredibly connected in the Oil world as is Dr. Holcomb. Speaking of Holcomb, his new website is almost 100% PCTL products with information of how to implement PCTL fluids.
The same goes for Digital Ally (Level 2 PCTL Distributor): In March the CEO (Stan Ross) of Digital Ally of also the CEO of Infinity Energy. They purchased land with existing Wells. They have also formed a new Business Unit that is being funded with $13.5 million dollars.
Remember, this isn’t only about PCTL products. These are Maverick managed Wells that are involved and Maverick personnel. Dr. Holcomb is going back and forth there as is Intertek’s team (certifying agent).
Is the above information a ‘PUMP’ or are they the FACTS?
Were all of the Phases planned ahead of time with the tremendous expense involved? Read yesterday’s PR…
After analyzing the results from phases I & II, PCT, along with its partner, Maverick Energy and consultant, David Holcomb, Ph.D., have decided to enter Phase III.
Phase III will add additional equipment to increase fluid production to over 3,150 gallons per day (75 bbls). With the added fluid production, we will increase the number of wells to 8 and be able to inject fluid at an increased rate.
In anticipation of entering a new test phase at the Grassy Creek project, Maverick Energy is currently completing the following:
1. Moving a workover rig to Grassy Creek
2. Currently pulling tubing, rods and pumps
3. Adding 2 new jet pumps and reworking 6 downhole pumps
4. Under-reaming the wells using a special bit that cleans and enlarges the production zone in open-hole completions
5. two weeks
Once completed, we will resume testing. We will increase the number of wells once the additional equipment is installed in four to six weeks.
PCT Ltd. (PCTL) Stock Research Links
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