Petroteq
Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface oil-sands,
clean-recovery mining oil company with proprietary technology, recently resumed
production at its eastern Utah Asphalt Ridge facility following upgrades to
improve its equipment’s ability to separate coarse sands and extract fluids,
and then return the cleaned sands to the ground. An article discussing the
company reads, “Using CORT, Petroteq began scaling production last year and
selling oil to regional markets as evidence of its technology’s effectiveness.
The company was producing heavy oil with the closed loop system, but it
curtailed the operation in May to begin a maintenance program that improves the
processes of separating the resource sands, extracting fluids from them with a
solvent emulsifier and cleansing the sands through distillation. . . . ‘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,’ CEO David Sealock stated
in a recent news release (http://ibn.fm/FhU52).‘The
strengthening of our balance sheet, consistent production and cash flow remains
our top priority.’”
To view the full article, visit http://ibn.fm/WfNME
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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