Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) is developing an oil extraction technology with the potential to become a driving force in America’s energy independence. A recent article discussing the company reads, “Unlike fracking, or hydraulic fracturing, in which high pressure water and chemicals are injected into drilled wells to force open rock fractures and release trapped oil, Petroteq’s patented closed-loop ‘clean’ technology mines tar sand source material from land surfaces, minimizing financial and environmental risk while providing a significant investment benefit. Unlike traditional drilling, Petroteq’s closed-loop process has the advantage that, once a surface source has been identified, there is no investment risk related to exploration, because the extent of the resource is already known prior to set up.”
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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 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. The company’s proprietary process produces zero greenhouse gas and 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 and processing facility located near Vernal, Utah. For more information, visit the company’s website at www.Petroteq.energy.
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