LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTCPK: PCTL). In early February, at INTERTEK LABS, PCT studied Oklahoma & Grassy Creek Crude With Super Catholyte & Nanogas N2 Infused Super Catholyte. Gary J. Grieco, CEO of PCT, stated, “After our initial tests in December ,we saw significant increases in oil cut and now with our N2 infused Super Catholyte we are continuing to see increases such as 49.85% in our oil cuts, especially in the OK oil samples.” Gary continued with, “What we are demonstrating in wells with significant down hole production zone damage, coupled with mud like low gravity oil, is an extremely cost effective and environmentally friendly production enhancing oil recovery system.”
For the 14 day field study (7 days in Oklahoma and 7 days in Grassy Creek), a total of ten tests were run: two Spontaneous Imbibition tests at ambient temperature and eight Spontaneous Imbibition tests at a temperature of 120F. Each plug sample was saturated, using a vacuum or capillary force, with two crude oil to conduct this study.
The findings from these studies run in Grassy Creek, were equal to the field study results conducted back in December 2021 at a slight increase from 14.40% to 15.66%. When assessing the results in Oklahoma, they were much more significant with an increased oil recovery of 49.85%. This is also a reflection of the 34 gravity oil in Oklahoma as opposed to the 15 gravity oil in Grassy Creek.
Due to the significant and successful results found in Oklahoma utilizing the new generator, PCT will initiate a final comprehensive field study. It will be conducted for a full week, in mid-March, upon transfer of the new-gen Catholyte generator from Oklahoma to Grassy Creek “If we can see good results in Grassy Creek with their heavily damaged wells and heavy crude, then our oil recovery system can work anywhere” said Gary Grieco. 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.
“The results are so compelling that we are in discussion with multiple energy companies to start initiating paid test wells that, in turn, will bring revenue to PCT second quarter,” Grieco emphasized.
About PCT LTD.:
PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). Currently trading on OTC: PINK, "PCTL" has applied for listing its common stock to the OTC QB market. The Company established entry into its target markets with commercially viable products in the United States and now looks forward to gaining market share in the U.S. and U.K.
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