Petroteq Energy Inc. PQEFF Archives - Page 5 of 18

TuesdaySep 24, 2019 10:47 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Recommences Production at Asphalt Ridge Facility

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, today announced its recommencement of production today from the Asphalt Ridge Facility in Utah. According to the update, completion of the planned equipment modifications to the sand separation process, fluid extraction process, and the clean sand production process mark a significant milestone for the company’s proprietary oil extraction solvent technology. "The technology enhancements completed in the last several months are expected to provide the Company the foundation to consistently increase production to its productive capacity in a step…

ThursdaySep 19, 2019 11:19 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Demonstrates Potential of Clean-Oil Recovery Technology

Fully integrated, surface-oil sands mining oil company Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) is continuing to exhibit the potential of its proprietary technology through licensing and lab testing while performing maintenance and upgrades at its Utah production site. An article discussing the company reads, “The company halted operations in order to perform planned equipment re-engineering. The coarseness of the Utah desert sands interfered with initial efforts to arrive at an earlier deadline, but the maintenance alterations to the equipment are expected to decrease the costs of further maintenance in the future and improve the facility’s efficiency in reaching its production…

WednesdaySep 11, 2019 3:00 pm

QualityStocksNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) Clean Oil Recovery Technology Transforms Heavy Oil Recovery

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface-oil sands mining oil company, is employing its proprietary clean, closed-loop technology to modernize the heavy-oil recovery process. An article discussing the company reads, “The proprietary mechanism is called Clean Oil Recovery Technology (‘CORT’). The technology was developed for surface tar-sand extraction, and it is suitable for all hydrocarbon deposits. The patented 14-stage process can extract up to 99% of crude oil and recycle over 99% of the solvent used in the process. CORT can also be deployed for land remediation projects, either independently or integrated with other processes. . .…

TuesdaySep 10, 2019 11:29 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Secures Financing, Sees Positive Movement in Bid to Increase Production

The global oil shale market is estimated to reach $5.63 billion by 2025, registering a CAGR of 16.7 percent from 2018 to 2025; the U.S. market is expected to grow at a 27.1 percent CAGR during the same period Petroteq’s proprietary, environmentally friendly, closed-loop Clean Oil Recovery Technology (CORT) process significantly lowers capital construction and production costs and eliminates the need for polluting tailings ponds The company has secured financing for its extraction technology in Asphalt Ridge, Utah, and for working capital purposes Petroteq is advancing plans to expand production at Asphalt Ridge to 3,000 barrels per day Petroteq Energy…

WednesdaySep 04, 2019 9:55 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Secures Financing for Asphalt Ridge Extraction Technology, Working Capital

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands mining oil company with proprietary technology, on Tuesday announced the issuance to an arm’s length lender of a US$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 US$0.15, for 12 months. The debenture has a 12-month term and bears a 3.3% interest rate per annum payable on maturity, and, at the option of the holder and in accordance with the terms and conditions, the purchase amount of the debenture (excluding the…

ThursdayAug 29, 2019 12:23 pm

Recovering Oil and Gas Markets Present Opportunities for Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) to Showcase Revolutionary Technology

Renewed health in the oil and gas sectors show an ongoing need for products such as Petroteq Energy’s closed-loop, clean surface extraction CORT operation Petroteq is developing what it believes to be the next big thing in the industry after fracking generated a domestic oil production boom in the United States While performing maintenance and upgrades at its Utah production site, Petroteq continues to demonstrate its technology’s potential through licensing and lab testing A new year of continuing recovery in the oil and gas markets has industry watchers enthused about the outlook for U.S. productivity for domestic and international consumers…

ThursdayAug 29, 2019 10:27 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Positive Progress on Plant Expansion Permit

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands mining oil company with proprietary technology‎, today announced the ending of the 30-day comment period for its 3,000 barrel per day expansion permit, indicating that the State of Utah, Department of Oil, Gas, and Mining Division (“UDOGM”) did not receive any comments on the company’s Significant Revision Notice of Intent (“NOI”). Based on the July 23, 2019 tentative approval letter and since no comments were received, the UDOGM has indicated that it can now formally approve Petroteq’s proposed expansion NOI, contingent on final modification of the reclamation contract…

TuesdayAug 20, 2019 12:27 pm

How Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is Revolutionizing the Heavy Oil Recovery Process

Petroteq Energy’s proprietary Clean Oil Recovery Technology (CORT) can extract up to 99 percent of crude oil and produces no waste or greenhouse emissions CORT licensing is seen as a future line of growth for Petroteq The company announced that it has received positive lab results regarding the recovery of oil from international ore samples The company recently sealed a major licensing agreement with Texas energy company Valkor Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is revolutionizing the heavy oil recovery process through its clean, closed-loop technology that’s capable of extracting fuel from sands and returning the cleaned sands back…

MondayAug 19, 2019 11:01 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Successful Stage 1 Testing of CORT on Oil Sands Samples

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology‎, today announced the August 15, 2019 completion of Stage 1 laboratory testing with the oil sands samples provided by a separate Asian energy firm using its CORT. Per the update, preliminary Stage 1 test results demonstrated that Petroteq’s proprietary technology was able to recover a maximum oil content of approximately 20 percent saturation, with results that approach over 90 percent yield of heavy oil from the supplied surface minable heavy oil project samples. “While our primary focus is on completing…

FridayAug 16, 2019 1:59 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Finalizes Acquisition of 50% Operating Rights, Interests in Utah

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas industry technology innovator, recently finalized its acquisition of 50% of the operating rights and interests relating to oil sands in the state of Utah under the U.S. federal oil and gas leases. The acquisition, which covers 8,480 gross acres, or 4,240 net acres, is expected to help increase the company’s cash value (http://ibn.fm/tDmGd). An article further discussing the company reads, “Through the acquisition of the additional operating rights announced on July 22, Petroteq is expected to increase its cash flow value. One of the leases, P.R. Spring, is believed to…

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