Survey Has Identified Prospective Mining Locations for Company's Initial Operations which are on Schedule to Restart in November Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, today announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge continues on schedule with restart of the [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, today released its management's vision of what gives the Company a unique advantage in the market as it positions itself as a provider of a clean technology for the recovery of oil from oil sands. The Company's Clean Oil Recovery Technology integrates clean technology with oil [...]
Company says Control System Components and Instrumentation are also set for Delivery for Petroteq's Oil Sands Plant at Asphalt Ridge, Utah Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, announced that work by Greenfield Energy LLC , the joint venture between Valkor LLC and Tomco Energy plc to upgrade the capacity and [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces an agreement to amend a previously issued US$3,300,000 principal amount convertible debenture with an arm’s length lender that bears interest at 5.0% per annum and that had matured September 17, 2019. The Original Lender has assigned the Debenture to [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces revised terms to a proposed arrangement with an existing arm’s length lender and its affiliate , originally announced on September 3, 2020. Pursuant to guidance from the TSX Venture Exchange , the agreement between the parties is now as follows: the [...]
Company Is Now Commencing a FEED Study To Further Refine The Design and Further Increase Capacity. Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced that Crosstrails Engineering LLC, a subsidiary of Valkor LLC, has completed its Pre-FEED Design for a proposed 5,000 bopd oil sands plant for Petroteq [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces a proposed arrangement with an existing arm’s length lender and its affiliate . The agreement between the parties is as follows: the Lender will exercise existing warrants of the Company for gross proceeds to the Company of a minimum of US$61,050 which [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to distribute this shareholder update regarding recent transactions relating to the Company. Background Information Valkor Energy Services LLC has been a strategic partner of Petroteq for a number of years – their deep experience in engineering complex [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that George Stapleton has joined Petroteq as Chief Operating Officer. Mr. Stapleton brings over forty years of experience in all aspects of design, construction, fabrication and project management for onshore and offshore plant and energy [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that Valkor Engineering has agreed to settle the remaining portion of its debt with the Company, namely, US$700,000, through the issuance of 11,666,666 common shares of the Company at a deemed price of US$0.06 per share. Including the shares [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces the receipt of an irrevocable subscription agreement from an arm’s length lender for a US$150,000 principal amount convertible debenture, and warrants exercisable for up to 3,033,980 common shares of the Company at US$0.0412 per share for 12 months [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that both Valkor Engineering and Petroteq’s Chairman Alex Blyumkin have agreed to invest in the Company at a premium to the public market price of its common shares. Mr. Blyumkin has delivered an irrevocable subscription agreement to the [...]
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