Goldman Small Cap Research Issues Research Report on PetroTech Oil and Gas, Inc.
14 June 2013 - 11:30PM
Marketwired
Goldman Small Cap Research, a stock market research firm focused on
the small cap and microcap sectors, has initiated research coverage
of PetroTech Oil and Gas, Inc. (OTC Pink: PTOG), an emerging oil
and gas firm specializing in the recovery of oil from depleted
reservoirs.
Throughout the U.S. there are primarily depleted oil reservoirs
representing billions of barrels of oil that lend themselves to the
use and exploitation of Enhanced Oil Recovery and PetroTech's
proven patented technology. Without EOR technology, the recovery of
stranded oil reserves in many areas would never occur and these
reservoirs will produce only about 20% of their Original Oil in
Place. Management believes that it can extract as many as 10-15
barrels of oil per day from wells that are treated with its
system.
In the Goldman Opportunity Research report on the Company,
analyst Rob Goldman outlines his investment thesis.
"In our view, there could potentially be tremendous value in
PetroTech's tools that can quite literally unearth oil from
depleted reservoirs and we look forward to the results of its
8-well field test, ahead of deployment in an additional 102 wells.
Plus, yesterday's news regarding the purchase leases in mineral
interests of up to 30,000 acres in North Dakota's Bakken Shale
Formation that has Probable and Possible reserves of 116M barrels
of oil could result in huge profitability down the road."
To view the report and its disclaimers, or to download the
report in its entirety, please visit www.goldmanresearch.com
About Goldman Small Cap Research: Led by
former Piper Jaffray analyst and mutual fund manager Rob Goldman,
Goldman Small Cap Research produces small cap and micro cap stock
research reports, daily stock market blogs, and popular investment
newsletters. For more information, visit
www.goldmanresearch.com.
A Goldman Small Cap Research report is not intended as an
offering, recommendation, or a solicitation of an offer to buy or
sell the securities mentioned or discussed. Please read the
report's full disclosures and analyst background on our website
before investing. Neither Goldman Small Cap Research nor its parent
is a registered investment adviser or broker-dealer with FINRA or
any other agency. To download our research, view our disclosures,
or for more information, visit www.goldmanresearch.com.
About PetroTech Oil and Gas, Inc.:
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) uses multiple patent
technologies for Enhanced Oil Recovery and in some cases will use
their new pumping system co developed by PetroTech. We will use
this patented technology with other proven technologies currently
used in the industry to drill, complete equip new drill wells and
older wells with secondary production opportunities. Throughout the
United States there are primary depleted oil reservoirs
representing billions of barrels of oil that lend themselves to the
use and exploitation of Enhanced Oil Recovery and PetroTech Oil and
Gas, Inc.'s proven patented technology. Without EOR technology,
these reservoirs will produce only about 20% of their Original Oil
in Place.
For more information, please visit
http://www.petrotechog.com.
Goldman Small Cap Research Rob Goldman Analyst 410-609-7100
rob@goldmanresearch.com
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