Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) is progressing eco-friendly, unique technology to meet the world’s ongoing energy needs. A recent article discussing the company reads: “The company’s focus is on technology development, but the just-launched Utah production at a site called Asphalt Ridge is serving as the small-scale real world application of Petroteq’s unique process and is expected to be at full extraction before the end of the current quarter. The company then plans to increase its 1,000 bpd output to 8,000 bpd within the next two years (http://nnw.fm/8tg4Y) — a veritable drop in the bucket of oil productivity, but a huge reservoir of potential for the industry, if the production test delivers on its promise.”
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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. Our 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 facility located near Vernal, Utah. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit the company’s website at www.Petroteq.energy
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