NEW YORK, NY / ACCESSWIRE / December 1, 2015 / What about small cap Propell Technologies' (OTCQB:PROP) Plasma Pulse Technology (PPT) just attracted $15 million in strategic investment from London based global resource investor Ervington Investments?
The answer may lie in a November 5 Society of Petroleum Engineers report that documents a significant sustained increase in PROP's first Kuwait Oil Company (KOC) well treatment and possibly validates Ervington's suspicion it's a game changing technology that could be the edge required to keep assets cash flowing during very lean times in the oil patch.
Stock site Growth Cap Report in a company profile published today provides detail that may prove Ervington right and accelerate PPT's market adoption - along with the market value of their new portfolio company.
Highlights from this company profile include:
- PROP's Plasma Pulse Technology (PPT) increased production an average of 295% in a sample of 27 separate well treatments with many sustained over 6 months
- Balance sheet with almost $13 million in cash assures ample resources to aggressively sell and capture market share
- Oil field servicers like Newpark Resources (NYSE:NR) and Hornbeck Offshore (NYSE:HOS) are seeing a spike in demand for advanced extraction technologies like laser driven analytics or refracking as the companies shift their strategic emphasis from production at all costs to greater efficiency.
Click here to view the entire company profile or go to: http://www.growthcapreport.com/prop-profile/.
Legal Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Essex Business Services, LLC (EBS) is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. EBS may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. EBS may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.growthcapreport.com/disclaimer
SOURCE: Growth Cap Report
