- Company to work with Cavitation Technologies to raise efficiencies in oil extraction process
- Collaboration aimed at decreasing Petroteq’s production costs
- Petroteq applies for uplisting to Nasdaq exchange
Oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is partnering with a leading fluids processing company to test ways of improving oil yields in Petroteq’s oil sands extraction process. Cavitation Technologies, Inc. (OTCQB: CVAT) (“CTi”), which develops technologies used in various industries, is to work with Petroteq to analyze the efficiency of its workflow processes and ultimately decrease production costs, according to a Petroteq news release (http://nnw.fm/tGh6P).
Petroteq is on the verge of beginning full scale extraction of oil from oil sands in its facility at Asphalt Ridge, Utah. Using its patented, environmentally-friendly technology, Petroteq expects to…
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