11/18/2013
NBT Research Report

NBT Equities Research: Initiating Coverage on Propell Technologies Group, Inc. (PROP)
Game Changing Disruptive Technology for Oil Enhanced Recovery in the United States

The Company:...

Game Changing Disruptive Technology for Enhanced Oil Recovery in the United States
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Game Changing Disruptive Technology for Enhanced Oil Recovery in the United States

NBT Equities Research: Initiating Coverage on Propell Technologies Group, Inc. (PROP)
Game Changing Disruptive Technology for Oil Enhanced Recovery in the United States

The Company: Novas Energy USA ("Novas") is a wholly owned operating subsidiary of Propell Technologies Group, Inc. Novas is the exclusive US licensee of a proprietary new technology for the down hole treatment of marginally producing oil wells that has produced truly revolutionary increases in oil production in over 150 wells in Russia and 12-14 wells in the United States.
Fully Diluted Shares Outstanding: 253 Million
Approximate Market Capitalization: $88.5 Million
Current Share Price: .35
12-18 Month Target: $2.25 based on 2015E EPS of 4-5 cents a share

Investment Thesis:  With marginal exploration costs for shale and offshore oil at $75-$90 per barrel, crude oil prices will remain elevated ($85-$115) for the foreseeable future. At $60-$70 net revenue per barrel of oil available to the owners of the 500,000+ marginally producing wells in the United States (under 10 BOPD or injection) the economics for enhanced oil recovery and re-stimulation of previously uneconomic oil wells in the United States are historically in favor of a significant increase of enhanced oil recovery production.

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PROP's actual 2013 numbers

In the analysis you put forward of PROP, the 2013 numbers (earnings, etc.) are estimates.  Now that 2013 in near its end, can you tell us the actual earnings (or new estimate based on Qs 1,2,3) for 2013?   The chart is constructive, but I'd like to know these numbers.  Thanks!  

Is this anything like PSON?

Hello Tobin,

 

Is this anything like PSON?  Curious!  

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