- Petroteq has commenced commercial production at its Asphalt Ridge oil extraction facility in Utah
- Initial production at Asphalt Ridge is anticipated to reach 1,000 barrels of oil per day, with production expected to increase to as much as 8,000 BPD by 2021
- The company has been recently featured by various major news outlets, including The New York Times
From Fox Business (http://nnw.fm/6esO7) to The New York Times (http://nnw.fm/dwNn3), oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: A2DYWC) has been making headlines in a big way. What is all the buzz about? Petroteq has pioneered a sustainable and environmentally safe technology for extracting heavy oils from oil sands, oil shale deposits and shallow oil deposits—the first of its kind in the industry.
In a recent published statement from CEO David Sealock, the company announced that it has commenced commercial production at its Asphalt Ridge facility in Utah utilizing this game-changing technology, is approaching a production capacity of…
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