- Petroteq is developing the first-ever environmentally friendly oil sands mining facility
- The company’s Asphalt Ridge facility is located in close proximity to major oil refineries in Utah, giving Petroteq’s heavy oil product great market potential
- Petroteq has 2,541 leased acres and 87.49 million barrels of mineable oil sands and expects to increase its output to 5,000-8,000 barrels of oil per day by late 2020 or early 2021
Focused on operating the first-ever environmentally friendly oil sands mining facility, fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) recently announced that it has finalized continuity testing at its Asphalt Ridge facility in Utah’s Uintah Basin and is making final arrangements for continuous operations and marketing activities (http://nnw.fm/xHq4x).
Petroteq’s focus is on a new proprietary, patented, environmentally safe and sustainable technology for extracting heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company is engaged in developing and…
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