Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) , an oil sands mining and production company having a proprietary technology that extracts hydrocarbons without the use of water, today announced an update on oil production and the facility’s oil quality baseline. Among the updates, Petroteq reported that, since completion of automation on November 25, 2019, the facility has produced an average 80 barrels of sales oil in 12-hour process shifts – a total of 10 days of the 14 day period, as well as an average of 150 barrels of sales oil in 12-hour process shifts over the last two days. Petroteq also announced plans to host its inaugural Investor Call, with a management question and answer session. Petroteq CEO David Sealock will host the call, scheduled to take place at 11 a.m. Central Time on Tuesday, December 17, 2019. Interested parties may access the call by dialing or (201) 493-6780 (international callers). A replay will available shortly after the call and until December 24, 2019 and may be accessed by dialing (844) 512-2921 or (412) 317-6671 (international callers) and entering passcode:13697142.
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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 and bitumen 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. Its 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 and processing facility located near Vernal, Utah. For more information, visit the company’s website at www.Petroteq.energy
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