ThursdayOct 31, 2019 11:17 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Achieves Continuous Production Level Standards, Touts Crude Oil’s Quality

Oil and gas industry technology developer Petroteq Energy has achieved continuous production standards in oil extraction, processing and sales levels at its Asphalt Ridge site following a temporary shutdown for equipment modifications The company’s flagship Clean Oil Recovery Technology (CORT) is an environmentally friendly process for extracting cleaner fuels at the Utah site Crude extracted from the Asphalt Ridge site has demonstrated a relatively low sulfur content and a very low base sediment and water (BS&W) content, making it attractive by refinery standards Petroteq is aiming to boost production at the Utah site to 4,000 bpd by late 2020, and…

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WednesdayOct 30, 2019 3:33 pm

Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) Closes Equity Financing, Invests Proceeds in Its Innovative Extraction Technology

First announced in September 2019, the equity financing generated proceeds of $500,000 The financing is part of an ongoing effort to secure the capital required to enhance the company’s Asphalt Ridge oil extraction processes Extraction operations were recently resumed at Asphalt Ridge after facility upgrades Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) announced on October 18, 2019, the final closing of equity financing initiated one month prior. According to a news release, the company generated gross proceeds of $500,000 through the issuance of 2,777,777 units sold at $0.18 each ( Funds generated through the equity financing will be put towards…

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MondayOct 14, 2019 12:23 pm

Facility Upgrades Strengthen Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) Ability to Employ Clean Oil Recovery Technology

Petroteq resumed oil production in Utah following a facility upgrade aimed at maximizing production capacity The company’s clean oil extraction technology is much more environmentally friendly and capable of bringing down production costs per barrel in comparison to similar technologies The company announced that it will be holding a conference call in December 2019 to provide an update on its operating results and financial status As the world is moving toward more environmentally-friendly processes, technological advancements like those introduced by Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) are becoming increasingly important for the oil field. Petroteq’s Clean Oil Recovery Technology…

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