Petroteq Energy Inc. PQEFF Archives - Page 3 of 18

ThursdayJun 25, 2020 9:36 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Amendment to Securities and Shares for Debt

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, on Wednesday announced the amendment of three convertible debentures and three warrants issued to an arm’s length lender between July 2019 and October 2019. According to the update, the parties to the agreement intend to amend the conversion price applicable to the purchase price (US$650,000) of the US$780,000 principal amount convertible debentures from US$0.17, US$0.19 and US$0.21 to US$0.037. In addition, the parties intend to amend the exercise price of three warrants issued to the lender exercisable…

MondayJun 15, 2020 10:28 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Execution of Shares for Debt Agreements

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, on Friday announced the execution of shares for debt agreements, pursuant to which it will issue an ‎‎aggregate of 7,064,864 common shares in satisfaction of US$389,712 (including accrued interest) of indebtedness currently owed to six ‎arm’s ‎length creditors. According to the update, the Company determined to satisfy the indebtedness with common shares in order to ‎‎preserve its cash for use on its extraction technology in Asphalt Ridge, Utah, as well as for working ‎capital. To view the…

WednesdayApr 15, 2020 9:56 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Postpones Q2 2020 Quarterly Report Filing

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, on Tuesday announced that it would not be in a position to file its Quarterly Report on Form 10-Q for the three and six months ended February 29, 2020 (the “Quarterly Report”) by the filing deadline of April 14, 2020. This includes Petroteq’s interim financial statements for the three and six months ended February 29, 2020 and the related management’s discussion and analysis, as required by U.S. and Canadian securities laws. The news release was…

TuesdayMar 31, 2020 9:22 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Securities to Arm’s Length Lender

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, on Monday announced that it has issued to an arm’s length lender a US $417,000 principal amount (including a 20% original issue discount) secured convertible debenture, and warrants exercisable for up to ‎4,906,250‎ common shares of the company at $0.15 per share for 48 months. The purchase price of $392,500 for the securities, less fees and expenses, was advanced by the subscriber to Petroteq between December 13, 2019, and February 14, 2020. The debenture has a term…

FridayMar 13, 2020 9:30 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Provides Update on Technology Licensing Agreement, Reports Changes to Executive Team

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, on Thursday provided an update regarding progress on the licensing of its proprietary oil-sands extraction ‎technology. In July 2019, the company entered into a non-exclusive technology licensing agreement with Valkor LLC granting Valkor the right to use Petroteq’s proprietary patented technology to engineer, construct, operate and finance oil sands extraction plants. Per the agreement, Valkor would pay the company a non-refundable license fee of US$2 million per plant in two equal payments, the first of which being…

MondayMar 02, 2020 11:53 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Reaches New Production Milestone at Asphalt Ridge Facility

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, today announced that its ‎Asphalt Ridge facility located in Vernal, Utah, since re-commencement ‎on February 19, 2020, has produced approximately 1,900 barrels of oil thus achieving an average ‎daily production rate of over 300 bbls/day on a continuous basis. This comes after a scheduled ‎temporary maintenance shutdown in January 2020, during which the team made various adjustments and completed installation of critical ‎additional equipment. Valkor Engineering also used this time to run a testing ‎regimen on the…

TuesdayJan 07, 2020 9:55 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Closing of Financing, Expansion Plans for Asphalt Ridge Facility

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated clean technology company with proprietary technology‎ for soil remediation and oil ‎extraction, today announced that it has issued to an arm’s length lender a US$750,000 principal amount (including a 20% original issue discount) unsecured convertible debenture, and warrants exercisable for up to 3,676,470 common shares of the Company, each at US$0.17, for 48 months. According to the update, the Company will use the net proceeds of the financing on its extraction technology in Asphalt Ridge, Utah, and for working capital. Petroteq’s 2020 capital investment plan includes approximately US$35 million directed to…

MondayDec 16, 2019 11:29 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Releases Update on Oil Production and Oil Quality Baseline

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) , a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, today announced that, since last reported, it has increased its daily average oil production and made changes to its facility’s oil quality baseline. Among highlights included in the update, Petroteq Energy reported that, since December 9, 2019, the facility has produced an average 200 barrels of oil in 12-hour process shifts - a total of 6 days of the 7 day period, as well as…

MondayDec 09, 2019 11:16 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Update on Oil Production and Oil Quality Baseline, Plans to Host Inaugural Investor Call

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) , an oil sands mining and production company having a proprietary technology that extracts hydrocarbons without the use of water, today announced an update on oil production and the facility’s oil quality baseline. Among the updates, Petroteq reported that, since completion of automation on November 25, 2019, the facility has produced an average 80 barrels of sales oil in 12-hour process shifts - a total of 10 days of the 14 day period, as well as an average of 150 barrels of sales oil in 12-hour process shifts over the last two days. Petroteq…

TuesdayNov 12, 2019 11:34 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Anticipated Automation Completion Date

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil sands mining and production company with proprietary technology that extracts hydrocarbons from oil sands without the use of water, today announced that it will complete the automation of certain processes at its Asphalt Ridge processing facility in Utah on or around November 20th, 2019. Valkor Engineering and Alfa Laval are providing engineering and technical assistance in Petroteq’s automation of the front-end processes at the facility, which is mainly comprised of the sand separation process, oil quality process and centrifugal process. The automation is expected to improve efficiencies in the production…

Site Search

Company Search

Tag: Petroteq Energy Inc. PQEFF