Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Says Cash Flow in Place for Aggressive Oil Extraction Plans

July 11, 2018
  • Company has raised $6 million over the past few months to fully fund plans
  • Oil extraction to begin at 1,000 barrels a day, escalating to over 8,000 barrels a day within three years
  • Petroteq’s patented technology is arousing international interest

Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: A2DYWC) CEO has announced that the company’s aggressive growth strategy is fully funded and ready to kick off, beginning with the extraction of 1,000 barrels of oil per day from its Asphalt Ridge site in Utah from the third quarter of 2018. Petroteq CEO David Sealock made the comments during an interview with news organization Proactive Investors on the sidelines of the recently concluded LD Micro Invitational conference in California (http://nnw.fm/f61zA).

Sealock said that the company’s plans are cash flow ready, thanks to the successful…

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