Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning
announced that it was recently featured in The New York Times, in an article
titled, A Plan to Unlock Billions of Barrels of Oil From Utah’s
Sands by Clifford Krauss. The article highlights the company’s
background and disruptive technology, as well as its unique approach to oil
sands extraction in Utah and the current state of oil sands. “We are thankful
for such high-quality exposure that highlights our corporate initiatives and
the sophisticated technology that we are bringing to the oil sands industry. We
have been progressing at a rapid rate as we’ve recently completed all the
testing at our new plant. Currently we are working towards bringing our new
facility’s production capacity to 1,000 bod and have signed a non-binding LOI
to increase acreage,” Petroteq Energy CEO David Sealock stated in the news
release.
To view the full article, visit http://ibn.fm/QqOHb
To view the full press release, visit http://ibn.fm/LaAt2
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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