Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), a
fully integrated surface oil sands clean recovery mining oil company with
proprietary technology, today announced its recommencement of production today
from the Asphalt Ridge Facility in Utah. According to the update, completion of
the planned equipment modifications to the sand separation process, fluid
extraction process, and the clean sand production process mark a significant
milestone for the company’s proprietary oil extraction solvent technology. “The
technology enhancements completed in the last several months are expected to
provide the Company the foundation to consistently increase production to its
productive capacity in a step wise approach, and potentially enhance cash flow
in what is currently a much more favorable pricing environment,” Petroteq CEO
David Sealock stated in the news release. “The strengthening of our balance
sheet, consistent production and cash flow remains our top priority.”
For more information, visit www.Petroteq.energy.
To view the full press release, visit http://ibn.fm/QwlnS
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 and bitumen 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. Its proprietary process produces nearly zero greenhouse gas and
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. 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
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