Oil and gas exploration company Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) president and director, Jerry Bailey, this morning released a letter to the company’s shareholders. The letter addresses the company’s strategic direction moving forward and how current efforts will deliver shareholder value. Among other highlights, Bailey explains the motive behind developing Petrobloq, the company’s blockchain technology for the energy industry. “Our organization is designed and dedicated to be flexible and innovative, while challenged to create a new opportunity. Blockchain is poised to be the biggest gamechanger for the energy industry for the next several decades. I am not a blockchain expert, but I will become one, and I am pleased to lead this venture. We have the resources and access to work with the leaders in the industry from our headquarters in California,” president and director Jerry Bailey stated in the news release.
To view the full press release, visit http://dtn.fm/puFM4
About Petroteq Energy Inc.
The company is engaged in the development and implementation of its proprietary 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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. For more information, visit www.PetroteqEnergy.com.
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