The cost and recovery of a project will be dependent on size of structure and depth; the cost will range depending on type of formation and type of treatment design. Hopefully, per project we will capture an additional 20% to 40% of oil in place. Attempting to do this in a period of 5 years as opposed to the original 20% of oil that has already been produced; which may have taken ten to twenty years. Each successful project is estimated to have a six to twelve month payout.For more information please go to our websites, which can be found at: http://petrotechog.com
Petrotech Oil And Gas, Joint Venture With Rolling Hills Oil And Gas North Dakota Has Obtained The First Contract With A Multibillion Dollar Industry Giant To Provide Completion Rigs
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