- Asphalt Ridge facility approaching 1,000 barrel per day capacity
- Full-time production planned to begin by next month
- Company considering opportunities to share environmentally-friendly extraction technology through licensing or joint ventures
Oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is on the verge of putting its oil on the market as it approaches 1,000 barrel per day capacity at its Asphalt Ridge oil sands extraction facility in Utah, according to the company president Dr. R. Gerald Bailey in a recent Uptick Newswire interview (http://nnw.fm/dD73M).
“We have not started making sales right at the moment; we’re storing oil in the tanks. But by the end of this month we should be back in the market and running full time on that plant. So, it will be a good revenue generator for us and further proof that this process is scalable and it’s not just something that’s a one-shot deal,” Bailey said, talking about his…
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