PetroTech Oil and Gas, Inc.
PetroTech Oil and Gas, Inc. is a recognized leader in our industry. Our Company was developed in a world where new technologies and global markets have changed the equation for profits in a world’s most lucrative industries. As a result, our Company has adopted a winning strategy to derive immediate revenue from existing reserves that have literally been left in the ground.
PetroTech Oil and Gas, Inc. initiates, operates, and develops Enhanced Oil Recovery (EOR) opportunities within qualifying oil reservoirs in the United States using its Enhanced Oil Recovery method and technique. Also, PetroTech Oil and Gas, Inc, is a construction and heavy equipment company and may bid on various third party jobs for State and Independent Oil Companies in the form of fee or joint venture; including but not limited to the Work over, Treating, Installation of Production equipment or Plugging of abandoned wells with the State Compliance Agency and bid on Road work for the State or independents as well; PetroTech Oil and Gas, Inc intends to obtain a license to gather oil / pick up from tank batteries and conduct trading of oil and other commodities, hydrocarbons and currency.
PetroTech Oil and Gas, Inc is working toward acquisitions of technology in secondary oil recovery, oil and gas reporting software, trading software and Nitrogen and CO2 injection equipment. PetroTech Oil and Gas, Inc. expects to utilize its technology within existing, depleted reservoirs, throughout the United States, to capture hundreds of million barrels of stranded oil and thereby generate significant value to its partners and shareholders. Enhanced oil recovery is also called improved oil recovery or tertiary recovery (as opposed to primary and secondary recovery).
The deployment of new technologies, which greatly reduce operating and extraction costs, allow PetroTech Oil and Gas, Inc. to return previously producing wells to production, again, and to capitalize on the near term cash flow opportunities made available. These funds provide the capital to further develop properties, resulting in reserve appreciation.
Our target acquisition markets are overlooked oil reservoirs of both small and large sizes, where we can maximize oil production and recovery while minimizing the necessary injection time and lower the capital investment. Based on our Reservoir Models, we believe payout on any particular project will be between 6 and 12 months with IRR exceeding 300% during the initial 3-year production period.
Petrotech plans to engage new Joint Venture Drilling Opportunities in more conservative exploitation ventures.