Propell Technologies Attracts $9.75 Million For Its Plasma Pulse Technology

Propell Technologies Group (OTCQB: PROP) announced on July 8 it secured a $9.75 million investment from Ervington Investments, whose ultimate beneficial owner is businessman Roman Abramovich, a . The Houston-based company has a patent-pending technology that allows for increased oil recovery from existing wells, using a plasma pulse.There are a variety of ways to increase output of petroleum wells already in production. Traditional “enhanced oil recovery” (EOR) techniques include injecting water, CO2, or chemicals into an oil well to…

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Propell Technologies Attracts $9.75 Million For Its Plasma Pulse Technology

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