Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, announces that the Company’s field operations and engineering staff have initiated the commissioning processes and sequences for the new equipment as final connections to the new heated augers, and mixer tank material tie-ins to the pre-oil tank on the sand separation equipment have been [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with patented - proprietary technology, is pleased to announce further progress resulting from the recent plant re-engineering project designed to bring production back online. The facility maintenance program and equipment re-engineering modifications have been completed for the sand separation, clean sand production processes and the [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, announces the issuance to an arm’s length lender of a US$480,000 principal amount unsecured convertible debenture, and warrants exercisable for up to 2,666,666 common shares of the Company at US$0.15 per share for 12 months. The debenture has a term of 12 months and bears interest at a rate of 3.3% per [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with patented - proprietary clean oil recovery technology , is pleased to announce that the 30-day comment period for the Company’s 3,000 barrel per day expansion permit has ended and the State of Utah, Department of Oil, Gas, and Mining Division did not receive any comments on the Company’s Significant Revision Notice of [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that the Stage 1 laboratory testing with the oil sands samples provided by a separate Asian energy firm using the Company’s CORT on oil sands samples was completed on August 15, 2019. The first stage of testing was undertaken by Petroteq in San Diego to determine the geophysical [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, announces the closing of a private placement for aggregate gross proceeds of US$772,785.98 for 5,481,349 common shares in the capital of the Company and warrants exercisable for 4,683,725 Common Shares. The subscriptions included: 246,153 Common Shares at a subscription price of US$0.13 per [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce the closing of its acquisition of an additional 50% of the operating rights and interests relating to oil sands under U.S. federal oil and gas leases encompassing approximately 8,480 gross acres in the State of Utah, as previously announced on April 16, 2019. All [...]
via NEWMEDIAWIRE -- Petroteq Energy Inc. , a fully integrated oil and gas company, announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission became effective on July 12, 2019. Following the effective date, the Company will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended. This means the Company will begin filing annual [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, announces the closing of a private placement for aggregate gross proceeds of US$1,546,149.38 for 6,732,402 common shares in the capital of the Company and warrants exercisable for 4,601,980 Common Shares. The subscriptions included: 210,526 Common Shares at a subscription price of US$0.19 per Common Share to a [...]
Petroteq Energy Inc. , a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that it has entered into a non-exclusive technology licensing agreement with Valkor LLC, a company based in Katy, Texas . The technology licensing agreement grants to Valkor the right to use Petroteq’s proprietary patented technology to engineer, construct, operate and finance oil sands [...]
Petroteq Energy Inc. , a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction, is pleased to invite shareholders to view “Follow the Molecule”, a seven minute video produced by V6 Media that provides a virtual tour of the Company’s Asphalt Ridge oil sands processing facility while operations are underway. “Follow the [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the closing of a private placement for aggregate gross proceeds of US$985,950 for 3,775,875 common shares in the capital of the Company and warrants exercisable for 3,431,828 Common Shares. The subscriptions included 308,333 Common Shares at a subscription price of US$0.24 per Common Share to Alex Blyumkin, an officer and director of the Company [...]
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