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/.
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SOURCE: Growth Cap Report