Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) remains focused
on the development and implementation of proprietary technologies for the
energy industry. The company intends to expand its oil extraction to over 8,000
barrels per day within three years. A recent article discussing the company
reads: “Petroteq has been developing its United States- and Canada-patented
technology at the Asphalt Ridge site with the aim of finalizing a process that
boosts North American oil production through the distillation of oil-rich
sands. The emphasis on environmental impact has created a process that is cost
effective, produces no greenhouse gases and leaves no waste once the “cleaned
up” sands are returned to the ground and the proprietary solvent solution
involved in the extraction is recycled. Petroteq announced in June that it was
on track to initiate operations in the second quarter of 2018, and the full
financial benefit of 1,000 bbl/d production is on track to be realized in the
second half of 2018, a NetworkNewsWire article states (http://ibn.fm/tqW5O).”
To view the full article, visit http://ibn.fm/jMU4s
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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