Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas industry technology innovator, on Thursday announced that its Form 10 Registration Statement filed with the U.S. Securities and Exchange Commission (“SEC”) became effective as of July 12, 2019. Achievement of this milestone means the company is now subject to the reporting requirements of the amended Securities Exchange Act of 1934. PQEFF will begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K. The company is also subject to additional SEC reporting requirements associated with proxies, shareholder actions and stock ownership rules. “The effectiveness of our Form 10 registration statement is a major milestone,” Petroteq CEO David Sealock stated in the news release. A copy of the company’s Form 10 is available on the SEC’s website and at https://ir.petroteq.energy/sec-filings.
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About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil-shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly, heavy-oil processing and extraction technologies. The company’s proprietary process produces zero greenhouse gas and zero waste, and requires no high temperatures. Petroteq is currently focused on developing its oil-sands resources and expanding production capacity at its Asphalt Ridge heavy-oil extraction and processing facility located near Vernal, Utah. For more information, visit the company’s website at www.Petroteq.energy.
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