Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas
industry technology innovator, today announced its entry into a non-exclusive
technology licensing agreement with Katy, Texas-based Valkor LLC (www.Valkor-Offshore.com).
According to the update, the agreement grants Valkor the right to use
Petroteq’s proprietary patented technology to construct, operate and finance
oil sands extraction plants to transform mining operations-recovered highly oil
saturated feed ore to heavy crude. “Technology advancement in unlocking the
enormous deposits of global oil reserves has been our focus in achieving energy
independence and economic expansion,” Petroteq CEO David Sealock said in the
news release, “and Petroteq’s CORT (Clean Oil Recovery Technology) is a primary
key to develop the tremendous surface mineable oil sands resources in the USA and
internationally. Petroteq’s technology has the potential to open these
resources to new development opportunities and with this should come tremendous
value potential.”
To view the full press release, visit http://ibn.fm/7jrKf
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. The company’s proprietary process produces zero greenhouse gas
and 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 and processing facility located near
Vernal, Utah. For more information, visit the company’s website at www.Petroteq.energy.
NOTE TO INVESTORS: The latest news and updates
relating to PQEFF are available in the company’s newsroom at http://ibn.fm/PQEFF
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment