Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) patented
Liquid Extraction System has proven to be environmentally safe and
cost-effective in the current oil market, producing a barrel of oil equivalent
(‘BOE”) at around $22.00. An article discussing the company reads: “The
Petroteq technology is the result of almost five years of scholarship by the
company’s research and engineering teams, led by its chief technology officer,
Dr. Vladimir Podlipskiy. It’s technology that’s safe for the environment,
depending on a patented solvent/surfactant that produces no greenhouse gases. It’s
also safe to produce, since it requires no high temperatures or pressures. The
technology can be effectively applied to both “water-wet” deposits, such as the
oil sands projects in Alberta, Canada, and in the 20 or so countries around the
globe with oil sands, as well as the “oil-wet” deposits found in Utah, where
the company has its extraction facility.”
To view the full article, visit http://ibn.fm/VlNoA
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused
on the development and implementation of a new proprietary technology for oil
extraction. The company has an environmentally safe and sustainable technology
for the extraction of heavy oils from oil sands, oil shale deposits and shallow
oil deposits. Petroteq is engaged in the development and implementation of its
patented environmentally friendly heavy oil processing and extraction
technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero
waste and requires no high temperatures. Petroteq is currently focused on
developing its oil sands resources and expanding production capacity at its
Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The
company also owns a minority stake in an exploration and production play
located in southwest Texas held by Accord GR Energy Inc. In addition, the
company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to
develop the first blockchain based platform created exclusively for the supply
chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com
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