- New equipment, Cavitation Technologies agreement boosting efficiency as Petroteq launches environmentally friendly operations
- Company awaiting word on its application to uplist to Nasdaq Capital Market
- Petroteq expects to begin production at 1,000 barrels per day and ramp up to 8,000 barrels within about two years
Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), a company actively proving its environmentally friendly, proprietary oil extraction technology, has announced the completion of continuity testing as it builds up to full capacity extraction of 1,000 barrels of oil per day utilizing the technology at its Asphalt Ridge facility in Utah’s desert tar sand-rich desert.
The company is now making final arrangements for continuous operations and marketing activities, refining its techniques for more efficient production in part through an agreement with Cavitation Technologies, Inc. (OTCQB: CVAT) that aims to keep…
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