Petroteq Energy Inc. PQEFF Archives - Page 11 of 18

ThursdayAug 02, 2018 11:25 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Praises Neighborly Attention amid Ramp-up to Full-scale Production in Utah

Petroteq awaiting approval of bid to uplist to Nasdaq Capital Market Company expects to see 87 million barrels of bitumen-rich oil from Utah lease CEO applauds local media attention amid drive to boost “American Oil for America” Oil and gas industry technology developer Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is operating in a global marketplace as it advances its proprietary ecological process for extracting crude fuels in a zero-harm closed-loop system and awaits word on its application to uplist to the Nasdaq stock exchange, but a recent headline in a small-town Utah newspaper gained its attention (http://ibn.fm/6pUFi), reflecting the company’s…

MondayJul 30, 2018 11:31 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Growing Asset Base, Applies for State Tax Credit Initiative

Oil extraction to begin at 1,000 barrels per day, with plans to escalate to over 8,000 barrels per day within three years Acquisition brings company’s total contingent resources to 2,541 leased acres and 87.49 million barrels of mineable oil sands Extraction technology could play vital role in U.S. oil sands and shale industry Application for Tax Credit Initiative filed with Utah Governor’s Office of Energy Development Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is boosting its footprint within the Utah Oil Sands Region where the company’s Asphalt Ridge facility is located, CEO David Sealock…

ThursdayJul 26, 2018 11:21 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Teams Up with Cavitation Technologies to Test Yield-Boosting Methods

Company to work with Cavitation Technologies to raise efficiencies in oil extraction process Collaboration aimed at decreasing Petroteq’s production costs Petroteq applies for uplisting to Nasdaq exchange Oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is partnering with a leading fluids processing company to test ways of improving oil yields in Petroteq’s oil sands extraction process. Cavitation Technologies, Inc. (OTCQB: CVAT) (“CTi”), which develops technologies used in various industries, is to work with Petroteq to analyze the efficiency of its workflow processes and ultimately decrease production costs, according to a Petroteq news release (http://ibn.fm/A4rvr). Petroteq is on the…

ThursdayJul 26, 2018 10:26 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) CEO Comments on Vernal Express Newspaper Article Discussing the Asphalt Ridge Facility

Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning commented on a recent front-page article published by a local news publication discussing the company’s recent activities in the commissioning of its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The article titled “Petroteq Looks to Change the Game in Oil Extraction” was released by the Vernal Express earlier this week. “I was humbled when I was made aware that we were featured on the front page of the Vernal Express earlier this week, we are grateful to be making a positive impact in…

TuesdayJul 24, 2018 10:33 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Inks LOI to Increase Acreage and Resources in Utah

Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that it has signed a non-binding Letter of Intent (“LOI”) to pursue additional acreage and resources in Utah. The company has reached an agreement with Mareton Alliance LP regarding the acquisition of leases and resources in the Utah Oil Sands Region that meet all the criteria set out by Petroteq’s management and board. Further details, including the pricing and structure of the transaction, have yet to be finalized. “Growing our asset base is a key initiative that I have been pushing since my arrival at Petroteq…

WednesdayJul 18, 2018 12:28 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Awaits News on Nasdaq Application, Readies for Full Production at Asphalt Ridge Site

Petroteq in final-stage reliability tests prior to launching 1,000 barrels per day production in Utah this month Company fully funded for launch operations using proprietary environmentally friendly process Company expects to boost extraction to 8,000 barrels per day by 2020 or 2021 Successful production ramp up would make company the first to commercially produce oil from tar sands Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: A2DYWC) is staying busy as it awaits news about its application to uplist from the OTC Market to the Nasdaq Capital Market. The proprietary technology developer for the oil and gas extraction industry is…

WednesdayJul 18, 2018 10:12 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Applies for Tax Credit Initiative

Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that it has applied to the Alternative Energy Development Initiative (“AEDI”). As part of Utah’s Energy Action Plan, the AEDI is intended to surge the growth of jobs and state revenues in the Utah energy market. A major incentive of the initiative is a 75% tax reduction of new revenues including corporate, sales, and withholding taxes for 20 years or the life of the project, whichever is less. “We have known Utah to be extremely collaborative and committed to its ‘energy action plan’ and this is…

MondayJul 16, 2018 1:16 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Ready to Open Asphalt Ridge Facility at Full Capacity, Expands Advisory Committee

The plant will operate at “ramp up capacity” by the end of July $3.86 million in new capital raised so far in 2018 Other research and development projects underway to increase applicability of company’s patented extraction technology New advisory board member Heriberto “Eddie” Gonzalez joins team With full-on oil production scheduled to begin by the end of July, Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: A2DYWC) has issued an update for investors on the latest developments at its Asphalt Ridge oil extraction facility, as well as other company operations. According to a company press release (http://ibn.fm/mXt5L), construction has been completed…

ThursdayJul 12, 2018 10:59 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Submits Application to Uplist to the NASDAQ Capital Market

Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that it has submitted its formal application to list the company’s common stock on the NASDAQ Capital Market. Acceptance is subject to approval, including Petroteq's ability to meet minimum listing requirements for the NASDAQ Capital Market. "We believe up-listing in the U.S. from the OTC Market to the NASDAQ Capital Market will increase awareness of Petroteq in the financial community,” Petroteq CEO David Sealock stated in the news release. “We believe that a NASDAQ listing will help unlock some of the shareholder value we are trying…

WednesdayJul 11, 2018 2:36 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names New Advisory Board Member; Reports Outlook on Recent Industry News

Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced the appointment of experienced energy technology investor David Kahn to its advisory board. As a member of Petroteq’s advisory board, Kahn will oversee due diligence on various technologies that the company considers adding to its IP portfolio. In addition, Petroteq also highlighted recent developments within the oil industry, Baytex Energy Corp’s (NYSE: BTE) $1.2 billion acquisition of rival Raging River Exploration Inc. and Nexen Energy’s recently announced $400-million expansion of its oil sands project in Alberta. Petroteq believes these developments are positive and reaffirm the company’s…

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