PCT Announces Fourteen Day Grassy Creek Test Results
LITTLE RIVER, S.C.–(BUSINESS WIRE)–#Energy—PCT LTD (OTC Pink: PCTL). After months of lab and then infield testing and characterizing results from systematic modifications and combinations of fluids, temperatures, and concentration levels, (parts per million) a stimulation procedure and protocol was established, and four wells were selected for a 14-day test.
First, a baseline of production was established by pumping the unstimulated wells for 7-days yielding a non-economically viable average production of 1% oil. For the next 14-days, the wells were stimulated by injecting our protocol of fluids.
Day one of the test the oil cut was 1% oil, 99% water. We then began our stimulation protocols and the wells were pumped in to a 100-barrel test tank. During the fourteen days the daily cuts were recorded and ranged from 6% oil to 22% oil with an average oil cut of 14.5%, an increase of 1440%.
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.
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.
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