Top 5 Internet Companies To Watch For 2016: Propell Technologies Group Inc (PROP)
Propell Technologies Group, Inc., incorporated on February 04, 2008, offers enhanced oil recovery technology and services. These services are offered through its wholly owned subsidiary Novas Energy USA, Inc., through commercial application of a Plasma-Pulse Technology.
The Companys technology is designed to be suitable for oil wells as deep as 12,000 feet. Novass Plasma-Pulse Treatment is an Enhanced Oil Recovery (EOR) technology and process. The treatment uses no chemicals.
Advisors' Opinion:- [By John Udovich]
Although oil prices are at multi year lows, nowmight be the time to start taking a closer look atsmall cap gas compression or enhanced oil recovery (EOR) stocks like TETRA Technologies, Inc (NYSE: TTI), Exterran Holdings, Inc (NYSE: EXH) and Propell Technologies Group Inc (OTCBB: PROP)as oil and natural gas prices willinevitably rise once again. To start with, natural gas compression services areneeded to transport natural gas from low-pressure wells into gathering systems, storage and processing facilitiesas well as to maintain production as reservoir pressure declines. In addition, compression servicesare used to extract gas fromunconventional natural gas sources like shale plays. As for so-called enhanced oil recovery or EOR, itsa generic term for the techniques used for increasing the amount of crude oil that can be extracted from an oil field with these potential methods including steam flood and water flood injectionor hydraulic fracturing(so-ca lled fracking). Naturally,demand for compression services and EOR technologies are impacted by (the temporary)low oil and gas commodity prices and so are the share prices for publicly traded stocks in the space.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-internet-companies-to-watch-for-2016.html
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