Petroteq Energy Inc. PQEFF Archives - Page 7 of 18

MondayJun 03, 2019 10:50 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Redesigning Oil and Gas Industry with Cost-Efficient, Environmentally Friendly Technology

Petroteq Energy has built a commercial facility in Utah’s deserts for proprietary technology that it believes will revolutionize the fuel industry with cost- and time-saving processes Petroteq’s flagship technology promises to make the most of domestic fuel sources at a time when foreign sources of heavy oils are facing trade uncertainties Petroteq recently completed a new funding round and is in the process of acquiring the operating rights and interests for additional oil resources on government land During an era when geopolitical influences, automotive advances and market fluctuations have kept petroleum revenues well below historic record levels, pioneering technology developer…

FridayMay 31, 2019 1:52 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Generates Funds to Continue Development of Extraction Technology

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas industry technology innovator, recently closed a private placement resulting in gross proceeds of $985,950. An article discussing the company reads, “According to a press release issued by the company on May 22, the net proceeds will be used for Petroteq Energy’s Utah extraction facility technology, as well as for working capital (http://ibn.fm/XlihD). . . . Petroteq, a fully integrated oil and gas company engaged in the development and implementation of proprietary technologies for the environmentally-safe extraction of heavy oils, has a patented close-loop clean extraction technology that is already yielding…

TuesdayMay 28, 2019 11:47 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Closes Financing, Proceeds Earmarked for Extraction Technology

Petroteq Energy completed a private placement of almost $1 million, generating funds that will be used to continue development of its proprietary technology for the environmentally-safe extraction of heavy oil Currently utilized at the Petroteq extraction facility in the Utah Asphalt Ridge pilot project, the technology could revolutionize the oil industry The company has already reported consistent production at the facility, with plans to expand capacity over the next 24 months Oil and gas industry technology innovator Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) recently announced the closing of a private placement generating aggregate gross proceeds of $985,950 for a…

FridayMay 24, 2019 2:53 pm

QualityStocksNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) Patented Extraction Technology Viable, Safe for Environment

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) has developed an oil-extraction technology that releases heavy-oil resources hidden in oil sands and oil shale deposits in a way that doesn’t harm the environment. An article discussing the company reads, “Petroteq’s patented closed-loop, clean technology is currently in production at the company’s Asphalt Ridge pilot facility in northeastern Utah and has proven to be commercially viable. Petroteq began delivering oil to its regional market in November 2018 and recently reported consistent production of over 500 barrels per day (“bpd”) (http://ibn.fm/dSRuS). Petroteq’s environmentally safe and sustainable approach for the extraction of heavy oil and bitumen…

MondayMay 20, 2019 12:01 pm

Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Patented Oil Extraction Technology Releases Hidden Energy Buried in Oil Sands

Petroteq’s patented closed-loop “clean” technology mines tar sand source material from land surfaces, minimizing financial and environmental risk Global demand for oil is outpacing supply, with geopolitical forces and expected higher oil prices contributing to increased drilling activity in the U.S. Petroteq’s patented technology efficiently captures heavy oil that wasn’t previously accessible The company began delivering oil to its regional market in November 2018 and expects to increase production to 1,000 bpd Recent short-term energy outlook reports issued by the U.S. Energy Information Agency (“EIA”) illustrate the volatility of the world’s crude oil supply as geopolitical forces affect production and…

FridayMay 17, 2019 1:09 pm

QualityStocksNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Patented Extraction Process Reduces Environmental Impact

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), an oil and gas industry technology innovator, is developing a surface-oil extraction process that lowers the effects on the environment. An article discussing PQEFF reads, “Petroteq’s patented process produces heavy oils squeezed from surface pockets of bituminous shale in a closed-loop ‘clean’ cycle that avoids many of the financial risks and uncertainties associated with exploring for crude sources deep underground. In particular, once a surface asphalt resource has been visually identified, there is no significant investment risk on the company’s part related to exploration, because the extent of the resource is already known prior…

ThursdayMay 09, 2019 3:21 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Increases Oil Sands Resource by Strategic Acquisition

Oil and gas industry technology developer Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) recently announced that it is strategically expanding its oil sands resource through the execution of a definitive agreement to acquire an extra 50% of the operating rights and interests concerning oil sands in the state of Utah, under U.S. federal oil and gas leases. An article discussing the agreement reads, “The U.S. federal oil and gas leases encompass approximately 8,480 gross acres (4,240 net acres), the company said in a news release (http://ibn.fm/1YaWA). This acquisition, as well as the previous one carried out by Petroteq for 50% of the…

MondayMay 06, 2019 12:43 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Positioned to Fill Heavy Crude Supply Gap with First-in-Kind Extraction Tech

The United States’ foreign trade policy may affect heavy oil supplies as the country enforces sanctions against Venezuela and Iran Petroteq Energy is revolutionizing the production of heavy oil by using a patented surface fuel extraction process to lessen environmental impacts and investigative financial risks Petroteq is conducting its operations at a leased bituminous fuel site in eastern Utah with a goal of proving the capabilities of its technology The company began delivering oil to its regional market in November and is working to increase the amount of quality crude it produces to new benchmarks Fuel industry technology developer Petroteq…

FridayMay 03, 2019 2:09 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Achieves Consistent Production Using Unique Patented Technology

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), an oil and gas industry technology developer, recently reported consistent production of over 500 barrels per day (“bpd”). An article discussing the company reads, “The company’s March 28 announcement about the production rate (http://ibn.fm/YTaXB) noted that the continuous 500 bpd production benchmark demonstrates the commercial viability of its first-in-kind technology, which is patented in the United States and Canada to extract oil from tar sands in a closed-loop, environmentally friendly manner and will help the company generate confidence when it seeks licensing opportunities in coming years.” To view the full article, visit http://ibn.fm/oC4S3 About Petroteq…

FridayMay 03, 2019 10:50 am

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Completes Strategic Acquisition to Maximize Company Resources

Petroteq is strategically expanding its oil sands resource through the acquisition of operating rights and interests under U.S. federal oil and gas leases The agreement encompasses 8,480 gross acres in Utah; the new agreement and a previous one will give Petroteq 100 percent operating rights for oil sands development Expert estimates establish a significant oil/bitumen resource at both the Tar Sands Triangle and the P.R. Springs federal oil and gas leases The move is the latest step in what is seen as a potential revolution in the oil industry, using Petroteq’s patented technology to efficiently capture heavy oil that was…

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