- Petroteq’s patented closed-loop “clean” technology mines tar sand source material from land surfaces, minimizing financial and environmental risk
- Global demand for oil is outpacing supply, with geopolitical forces and expected higher oil prices contributing to increased drilling activity in the U.S.
- Petroteq’s patented technology efficiently captures heavy oil that wasn’t previously accessible
- The company began delivering oil to its regional market in November 2018 and expects to increase production to 1,000 bpd
Recent short-term energy outlook reports issued by the U.S. Energy Information Agency (“EIA”) illustrate the volatility of the world’s crude oil supply as geopolitical forces affect production and predicted demand outpaces supply. Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) and its environmentally-friendly oil extraction technology has the potential to revolutionize America’s energy independence by releasing heavy oil resources hidden in oil sands and oil shale deposits without harming the environment.
Petroteq’s patented closed-loop, clean technology is currently in production at the company’s Asphalt Ridge pilot facility in northeastern Utah and has proven to be commercially viable. Petroteq began delivering oil to its regional market in…
NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://nnw.fm/PQEFF
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