HOUSTON, July 17, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Propell Technologies Group Inc., (PROP) today announced its wholly owned subsidiary, Novas Energy USA Inc., plans to present results from the treatment of 9 wells in the U.S. of its licensed enhanced oil recovery technology to the Energy Prospectus Group on July 18, 2013 in Houston.
The Energy Prospectus Group (EPG) is a networking organization for private investors that are heavily invested in the energy sector. EPG members are geologists, engineers, landman, financial professionals and small business owners. Many of them have decades of experience in the energy industry.
Novas will be presenting the results from the treatment of 9 wells in the U.S. of its proprietary "Plasma-Pulse Technology" which is designed to enhance the recovery of oil. Novas is the exclusive licensee of this patented technology for use in the United States. The downhole tool and subsequent well treatment has been attributed with increasing oil production and injector well fluid flow in over 150 wells in Eastern Europe and 9 wells in the United States. It does so without any chemicals and therefore is deemed to be environmentally friendly. The treatment is created to clear the well drainage area of sedimentation clogging at the perforation zone and increase the permeability of the reservoir at the same time.
"We are excited to present again to the EPG members. When we presented to EPG back in February we had not treated any wells in the United States. Now we have actual results from 9 wells in the U.S. to present," expressed John W. Huemoeller II, President of Propell and Novas Energy USA.
About - Novas Energy USA is a wholly owned subsidiary of Propell Technologies, OTC Markets: PROP. Novas is the exclusive licensee of patented "Plasma Pulse" technology in the United States, which has been shown to significantly improve existing well recovery and production volumes. For more information, visit http://www.novasenergyusa.com or call 713-227-0480, Novas Energy USA, 1701 Commerce Street, Houston, Texas 77002.