Petroteq Energy Inc.

Petroteq Energy Inc. , an oil sands mining and production company having a proprietary technology that extracts hydrocarbons without the use of water, is pleased to announce an update on oil production and the facilities oil quality baseline. Since November 25, 2019, when the automation was completed, Petroteq is pleased to report that: The facility has produced an average 80 barrels of sales oil in 12-hour process shifts [...]

Petroteq Energy Inc. , an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce the completion of facility automation, a strategic account payment structure with Valkor Oil and Gas and the addition of Dr. Mark Rollins to its advisory board. The Company has completed the automation of the front end processes for [...]

Petroteq Energy Inc. , an oil sands mining and production company, is pleased to announce that the Company will complete the automation of certain processes at its Asphalt Ridge processing facility in Utah on or about November 20th, 2019. The Company’s automation of the front end processes at the Plant, consisting primarily of the sand separation process, oil quality process and centrifugal process, is being [...]

Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology‎, announces that, subject to TSX Venture Exchange approval, it intends to amend two 12 month unsecured convertible debentures, originally issued in October 2018, for an aggregate ‎of US$500,000 principal amount bearing interest at a rate of 10% per annum and payable on maturity. Pursuant to the proposed [...]

Petroteq Energy Inc. , an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce that the Company has achieved sales of high quality heavy oil from its Asphalt Ridge facility in Utah. Three important characteristics in comparing the qualities of different crude oils are specific gravity , the amount of base sediment [...]

Petroteq Energy Inc. , a fully integrated oil sands mining and oil production company, is pleased to announce that the Company has achieved continuous production in the quantities of oil extracted, processed and sold at its Asphalt Ridge Facility in Utah . Following the completion of certain design changes at the Plant and the installation of additional equipment to fulfill the design changes, the Company has achieved the [...]

We are advised by Petroteq Energy Inc. that journalists and other readers should disregard the news release, Petroteq Demonstrates Stabilized Production issued October 21, 2019, over GlobeNewswire....

Petroteq Energy Inc. , a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the Company has achieved stabilized production rates and sales of heavy oil from its Asphalt Ridge Facility in Utah. Since re-commissioning the plant in September 2019, the Company has achieved the following: cumulative sales of 1,000 barrels of heavy oil stabilized [...]

Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology‎, announces a final closing of its previously announced equity financing at US$0.18. The Company raised gross proceeds of US$500,000 through the issuance of 2,777,777 units at US$0.18 per unit, with each unit consisting of one common share of the Company, and one share purchase warrant, with each warrant [...]

Petroteq Energy Inc. , a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the Company has recommenced production today from the Asphalt Ridge Facility in Utah. Completing the planned equipment modifications to the sand separation process, fluid extraction process, and the clean sand production process, marks a significant milestone for [...]