Petroteq Energy Inc. PQEFF Archives - Page 4 of 18

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…

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 (http://ibn.fm/4bI7W). Funds generated through the equity financing will be put towards the…

TuesdayOct 29, 2019 1:06 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Achieves Sales of High-Quality Heavy Oil from Asphalt Ridge Facility

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 has achieved sales of high quality heavy oil from its Asphalt Ridge facility in Utah. According to the update, the company has the ability at its facility, using oil sands ores mined or extracted from Utah’s Asphalt Ridge area, to produce a crude oil that can range between a heavier oil and a medium oil in its specific gravity (i.e. an API gravity of 11 to 30…

MondayOct 21, 2019 9:39 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Achieves Stabilized Production, Sales of Heavy Oil from Asphalt Ridge Facility

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, today announced that it has achieved stabilized production rates and sales of heavy oil from its Asphalt Ridge Facility in Utah. According to the update, the company has achieved the following since re-commissioning the plant in September 2019: Cumulative sales of 1,000 barrels of heavy oil; stabilized production rate of 200 bbl/per day from the facility’s current daily 12 hour shift; and oil quality (namely, clay percent and oil thickness) to meet the requirements of specific buyers. Production numbers are…

ThursdayOct 17, 2019 3:26 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Completes Maintenance, Resumes Production at Asphalt Ridge

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface oil-sands, clean-recovery mining oil company with proprietary technology, recently resumed production at its eastern Utah Asphalt Ridge facility following upgrades to improve its equipment’s ability to separate coarse sands and extract fluids, and then return the cleaned sands to the ground. An article discussing the company reads, “Using CORT, Petroteq began scaling production last year and selling oil to regional markets as evidence of its technology’s effectiveness. The company was producing heavy oil with the closed loop system, but it curtailed the operation in May to begin a maintenance program…

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…

FridayOct 11, 2019 2:13 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Initiates Commissioning of Asphalt Ridge Facility

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface oil-sands, clean-recovery mining oil company with proprietary technology, recently announced the initiation of commissioning processes and ‎sequences for its Asphalt Ridge facility in Utah (http://ibn.fm/Cnp1m). An article discussing the company reads, “The company will issue a ‎press release once commissioning has been completed and the facility starts processing oil sands ore to ‎achieve sales of oil production at the facility.‎ . . . An innovator and proprietary technology developer, the Canadian-registered Petroteq is making surface tar oil sands extraction cleaner and more sustainable. The company’s Clean Oil Recovery Technology (CORT)…

MondayOct 07, 2019 12:58 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Resumes Clean Oil Recovery Technology (CORT) Extraction Following Facility Upgrades

Petroteq Energy is a technology developer for the oil and gas industry, concentrating on the ability of its flagship Clean Oil Recovery Technology (CORT) to draw and distill heavy oil from surface oil sands The company recently resumed operations at its eastern Utah facility following a period of maintenance to improve its equipment’s ability to separate coarse sands, extract fluids and then return the cleaned sands to the ground Oil and gas industry technology pioneer Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) has resumed production at its eastern Utah Asphalt Ridge facility, where the company’s disruptive Clean Oil Recovery Technology…

WednesdayOct 02, 2019 1:28 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Advancing Toward Expansion Plans

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface oil sands clean recovery mining oil company with proprietary technology, recently secured additional funding and made considerable headway toward its Asphalt Ridge heavy-oil extraction facility expansion plans. An article discussing the company reads, “Earlier this month, Petroteq announced the issuance to an arm’s length lender of a $480,000 principal amount (including a 20% original issue discount) unsecured convertible debenture and warrants exercisable for up to 2,666,666 of the company’s common shares, each at $0.15, for 12 months, according to a news release (http://ibn.fm/elOX1). The company said it will use the net…

TuesdayOct 01, 2019 9:12 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Commissioning of Asphalt Ridge Facility as Demand Shifts Toward Clean Extraction Tech

Petroteq’s field operations and engineering staff have initiated the commissioning process for its Asphalt Ridge facility The EIA warns that, even though production needs are met for the immediate future, more investment in new extraction technologies will be needed to meet rising demand Companies like Petroteq are leading the way; the Petroteq clean oil sand extraction technology is green, effective and cost-efficient Petroteq is already working on licensing agreements that will allow other entities to utilize CORT for effective oil sand extraction Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) has announced the initiation of commissioning processes and ‎sequences for its…

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